How much discount is Hyderabad offering due to the political uncertainty?
I tried to see what are the prices of residential properties in a 30 mins/ 8 km range from key IT parks in Bangalore. I chose Bangalore because in 2007, the prices in Bangalore were on par (marquee projects were 5% above Hyderabad projects). The projects in Bangalore around Domlur, White fields are now quoting at 5,400 to 6,500 per sft where as projects in comparable locations in Kondapur Gachibowli belt are in the 3400 to 4500 per sqft range, so the Hyderabad discount is approx. 30%.
I tried to see what are the prices of residential properties in a 30 mins/ 8 km range from key IT parks in Bangalore. I chose Bangalore because in 2007, the prices in Bangalore were on par (marquee projects were 5% above Hyderabad projects). The projects in Bangalore around Domlur, White fields are now quoting at 5,400 to 6,500 per sft where as projects in comparable locations in Kondapur Gachibowli belt are in the 3400 to 4500 per sqft range, so the Hyderabad discount is approx. 30%.
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