Ravi Dronamraju's Blog

Hyderabad and Indian RealEstate has been feeling blue for the past year. This global downturn has affected not only the capital markets but real estate. After holding the prices steady for the past year, it seems that sellers are caving in.
I have been in touch with some real estate agents in hyderabad and they are saying how tough the market got.
Bharat Iconia has apparently reduced their pricing by 30% from the prices mentioned on their website. You can now get units in the iconia towers for Rs 3000/sqft. Emmar-MGF slashed prices by Rs800/-
Word is that land prices around hyderabad have moderated as well. If you know of any concrete reductions in prices, post them in comments.