Hyderabad's real estate sector has not seen its usual Dasara festive activity for the past three years. Traditionally, many prefer to move into new homes, perform ground-breaking ceremonies, or start slab work on new constructions during the festival.
Real estate transactions have declined over the past six months. Developers are showing little interest in initiating ground-breaking ceremonies for new residential projects.
The real estate sector has been in a crisis since the Congress government came to power. The lack of sales has pushed businesses towards bankruptcy.
Government actions have left the city's real estate market in a state of stagnation. The sentiment that any undertaking on Dasara will be successful has been disrupted this year.
