Hyderabad: Tthe number of “To let” and “For sale” signs has gone up in places like Bandari Layout and Datrinagar in Kukatpally and Brahmana-wadi in Begumpet that were inundated during the recent rains. GHMC officials along with the police had to vacate a few families.
At Bandari Layout, apartments along road numbers 8, 9 and 10 were under water for about a week. Officials had moved families in Datrinagar on boats and provided food and rescue operations. A few houses at Brahmanawadi and Mayuri Marg in Begumpet were also inundated. It took about 15 days for the situation to normalise.
Now, most owners of independent houses and flats are planning to sell and relocate to other localities. Real estate websites are flooded with ads for the same.
Mr G.M. Kishore, a realtor from Kukatpally, said that although buyers were visiting the properties at Bandari Layout and bargaining, they back out at the last moment. “About 15 new apartment houses are being built here but there is little hope of selling all the flats at the present market value. Some flat owners are bargaining to sell even at a ‘no loss and no gain’ basis,” he said.
Kukatpally sub-registrar of stamps and registrations R. Srinivasa Rao said the number or registrations in Kukatpally had gone down by 50 per cent. “Earlier, we used to register about 50 documents per day, which came down to 1,200 registrations in September. And as on Monday, the number is 600,” he said.
