How Will the Real Estate Sector Be In Congress Ruling?

Putting an end to the long wait, the winner of the Telangana results was announced a few days back. The grand old party Congress came to power in the state after a long time and pushed the BRS into the opposition. A big debate is going on about who would be the Chief Minister and who would be inducted into the Cabinet.

Keeping aside the debate on the cabinet, another discussion is going on about what would be the future of the real estate sector in the state in the Congress ruling. Not just in political circles the discussion is going on among the common people as well.

There is no doubt in saying that the IT and Real Estate sectors blossomed in the BRS ruling. In the second term, Real Estate saw a big boom and we have seen this when the lands were auctioned. Record prices were recorded and the sales in the sector were high compared to other cities.

Now people are thinking about the future of the sector. Even on social media, people are expressing their views on the sector. While a few people say that the sector would continue its glorious run few others think the sector might face issues.

Investors and buyers show no interest in taking risks in buying assets whenever the government changes and we can see this in the form of share market. If the investors think the government can work effectively the share market sees profits.

As of now, the market might be cautious with investors and buyers being cautious and taking time to take the next step. The Congress government is yet to be formed and the Cabinet might take some time to make decisions and bring the required G.Os Based on that the market responds. Till then the market might remain the same with no sudden hikes and sudden drops in the price.