According to the globally recognized property consultant, Knight Frank, the city of Hyderabad saw a drop in residential sales by 4%, last year as compared to 2012. Due to the political instability, the city had witnessed a downfall in real estate sector however the sales are likely to pick up this year, once the uncertainties gets sorted off.As per the report presented by this property consultant, there was a minor dip in the absorption level with around 16,500 housing units being absorbed in 2013. Even new launches were dropped in 2013 by 15%, as in 2012 there were total 19,000 units launched whereas in 2013, it dipped to 16,200 units. However, the fall in new launches has helped to balance the level of unsold inventory in the city.Even other cities had witnessed drop in sales in 2013 but as compared to them Hyderabad saw a bit much fall in sales. Sluggish economic condition, increase in interest rates, high inflation and particularly political instability are the major factors that had affected the residential sales in Hyderabad.Knight Frank further said that, once the Telangana state is formed independently, the condition is likely to improve in Hyderabad and observe an increase in absorption by mid or end of 2015.Despite of the stable absorption level from last 2 years, the residential property prices in Hyderabad have not seen much change.According to the report, among the prime cities of India, NCR, Mumbai, Bangalore, Chennai, Pune and Kolkata, Hyderabad has been ranked as the least expensive residential market of our country.займ на карту без отказов круглосуточновзять кредит онлайн