TS Real Estate Faces Uncertainty Amid Congress Government Strategies

During the Telangana elections, BRS MLA KTR expressed concerns that a change in government would lead to a collapse in the real estate sector. KTR asserted that frequent changes in the chief minister, as seen in Congress-ruled states, would hinder policy implementation and cited a 28 percent decline in Karnataka’s real estate after Congress assumed power.

In response, CM Revanth Reddy has instructed officials to prevent a decrease in existing land rates, acknowledging a drastic decline in land transactions over the past 7-8 months. The government’s plans for development and their impact on the real estate sector remain unclear, leading to a decrease in stamp and registration income since March.

Also Read: Revanth Reddy Strategically Boosts Congress Presence in AP Politics

With the formation of a new government, concerns arise about the prospects for development and the real estate sector. While the government has clarified its stance on industrial development beyond the Outer Ring Road (ORR) and within the Regional Ring Road (RRR), there is uncertainty about its overall plans and strategies for the real estate sector, contributing to a decline in transactions and income.