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Hyderabad residential and commercial real estate markets are on revival path and the city is expected to show more growth on the back of government’s infrastructure steps and policy moves. A report by realty consultant JLL said that sales in residential realty market in the city is likely to pick up. It said,”Launches of new residential projects in Hyderabad are slow, with only the western sub-market showing some activity. The new government is trying to instil a positive sentiment in the market with a slew of infrastructure initiatives and policies. It is expected that the market will remain stable with a positive bias, with existing stock witnessing a stable off-take across the micro-markets. In light of the anticipated pick-up in office absorption and job creation, sales in the residential sector are likely to pick up, “A. Shankar, National Director & Head of Operations – Strategic Consulting, JLL India said.
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