Real Estate Crash in Hyderabad

Real Estate Blood Bath in Hyderabad

Not long ago real-estate prices raised daily in IT Hub Hyderabad; Many first time city dwellers who were enthusiastic in living in high-rise apartments pitched in and bought flats at exorbitant prices. The situation is completely reversed in six months.

Downward Sensex, NASDAQ et al

Last two months saw Sensex going down by 55% and as of now it remains @ 8700 (circa 2004). Some of the investors lost almost 60-75% in the downfall. The worries of global markets cemented the belief - all is not well. This made the home buyers think twice and eventually slowed down the Real Estate in Hyderabad

Job cuts in Hyderabad

In the past four months around 15,000 professionals lost the job with Wipro, Satyam contributing a huge share by laying-off engineers in thousands. Some small companies, which were directly exposed to US banking and mortgage shut down their offices in Hitech City completely. This stalled the real-estate growth in Hyderabad and stunned the greedy realtor Sharks

Hyderabad Real-Estate Builders with Huge Loans

Ravichand, an expert in market analysis attributed the Crash in Hyderabad real-estate to the pressure from Banks on defaulters - builders, construction equipment suppliers etc. According to him, around 80,000 crores of loans need to be repaid by the builders (NOT home-loans) apart from another 30,000 crores in mutual funds. This led to steep reduction in prices.

No takers for Big projects

Though a good amount of bargaining is going on for small projects, big projects are without any takers. Aparna Towers, which once quoted 3950/sft have come down to 3000/sft, but left without any sensible takers. Lanco hills is the worst affected - with Telangana state now becoming a reality and with its chairman L. Rajagopal M.P in loggerheads with TRS and Telangana Congress MPs, the project seems to be on a high-risk area.

Rates will further decrease

Rameshwar reddy, who has been in the real estate field for more than a decade feels that 3000-4000/SFT are a thing of the past. The current downward trend will continue till May 2010, and would stabilize around 2200/SFT. If you are willing to buy a flat in Hyderabad .. JUST WAIT AND WATCH or you will pay 1000-1550/SFT extra

Swagath De Royal, Kondapur

Located at the IT centre in Kondapur, Swagath De Royal is a 3 star hotel which caters to business as well as leisure travellers. The hotel offers comfortable rooms equipped with modern amenities to suit those travelling for work as well as for leisure.

Since the hotel is new, rooms are crystal clean and marvelous

Food : ... hmmm we have to say it is ordinary to worse for Lunch and getting better in evenings and for breakfast

Swagath De Royal Contact Numbers



Kothaguda X Roads, Kondapur, Hyderabad - 500084

Hotel Specialist Ravindra Sangve after inspecting Swagath De Royal
Srikanth Reddy Ravi, Ravi Chand Koneru after a buffet @ Swagath De Royal
Srikanth Reddy Ravi, Pradeep Meesala Checking out of Swagath De Royal

Route Map to Kondapur - Swagath De Royal

Try also:

Saregama Restaurant @ Miyapur
Bakers World & Times Tiffin @ Miyapur
Vilas Venue, Hitech City, Jubilee Hills
Hotel Near Hitech City - Rock View Inn
Hyderabad Restaurants - Gujarati - KHANDANI RAJDHANI - BigBazaar Ameerpet

How to Go To Chilkur

Telangana Temples - Chilkur Balaji
The Balaji Temple is located at Chilkur in the Hyderabad district. It is 33 Kms away from Mehedipatnam. Approximately 75,000 to 1,00,000 devotees visit in a week. Generally temple gets heavy rush on Fridays and Sundays.
The temple at Chilkur is managed by the hereditary trustee Sri M.V. Soundara Rajan and Sri C.S. Gopala Krishna. The entire family of the archaka, including the women are dedicated themselves to serve the God.
Twenty Five kilometers from Hyderabad off the Vikarabad road and on the banks of Osmansagar is the picturesque village of Chikur with its hoary temple dedicated to Sri Balaji Venkateshwara. From the style, structure and appearance, it can be inferred that the temple was built half a millennium ago. Set in sylvan surroundings, the temple attracts thousands of pilgrims every year and is an ideal place for sequestered retreat and meditation. It enjoyed in the past, great days of pomp and glory. The temple is one of the oldest in Telengana, having been built during the time of Akkanna and Madanna, the uncles of Bhakta Ramdas. According to tradition, a devotee who used to visit Tirupati every year could not do so on one occasion owing to serious ill-health. Lord Venkateshwara appeared in his dream and said, "I am right here in the jungle nearby. You don't have to worry." The devotee at once moved to the place indicated by the Lord in the dream and saw a mole- hill there, which he dug up. Accidentally, the axe struck Lord Balaji's idol covered by the mole-hill below the chin and on the chest, and surprisingly blood started flowing profusely from the "wounds", flooding the ground and turning it scarlet. The devotee could not believe his eyes when he saw this. Suddenly he could not believe his ears also when he heard a voice from the air which said,"Flood the mole-hill with cow's milk. "When the devotee did so, a Swayambhu idol of Lord Balaji accompanied by Sridevi and Bhoodevi(a rare combination) was found, and this idol was installed with the due rites and a temple built for it. Sri Balaji venkateshwara, the Pratyaksha Daiva in kaliyuga, is thus available at Chilkur to shower blessings on His devotees who for any reason are unable to go to Tirupati. Many devout worshippers flock to the temple, to receive the blessings of the Lord and his consorts throughout the year particularly during the Poolangi, Annakota and Brahmothsavams With the earnest desire to revive the former glory and importance of the temple, the idol of Ammavaru was installed in 1963 the year following the Chinese aggression, and when the aggression was unilaterally vacated, Ammavaru was given the name of Rajya Lakshmi, signifying this welcome event. The unique feature of this idol is that lotus flowers are held in three hands and the fourth hand is in such a position towards the lotus feet which signifies the doctrine of Saranagathi. The temple has been visited by great Acharyas from time to time. A visit to the temple is a must for the Jeer of Sri Ahobila Mutt every time he visits the twin cities, and in the temple is installed the idol of the first Jeer. The Tilakayaths of Sri Vallabhacharya Sampradaya have been regularly visiting the shrine. Jagadguru Sri Sankaracharya of Sringeri Mutt and his disciple graced the efforts of the trustees in improving the temple. Labels: , , ,

Ravindra Sangve Near Bakery (LEft of Gandhi Statue)
Ravindra Sangve Near Bakery (LEft of Gandhi Statue)
Mehdipatnam Gandhi Statue

There are plenty of busses to Mehdipatnam from all corners of Secunderabad/Hyderabad. From there there are RTC busses, Share Autos, Mini Vans that take you to chilkur
The temple has all facilities and you need not burden yourself with water etc
Here is the Route to Chilkur for car owners

View Larger Map

Share Autos will cost 15-20 Rs per head.

Normal autos costs 200Rs to & fro

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