Separate statehood movement has put a crimp on Hyderabad real estate

The Telangana statehood issue has become a major dampener on real estate in Hyderabad. No one will admit to this but looking at the number of transactions and the uncertainty in realtors, this is the reality. Housing projects that have come to completion now are quoting boom time prices and are unable to sell. They have cut some of their prices but still the prices are unrealistic in the current environment. Investors are waiting on the sidelines to see the outcome of the statehood issue. One thing is certain, the damage has been done to Hyderabad. Investment is fleeing to other states.