Demand for residential properties slowing down in twin cities

Hyderabad (PTI): The demand for residential properties in the twin cities of Hyderabad and Secunderabad has slowed down by 11 to 12 per cent as compared to the demand in June, a survey by an online real estate company revealed.

The demand for rental properties is maximum in Hyderabad (53 per cent), followed by Secunderabad (30 per cent) and Greater Hyderabad (17 per cent), Makaan.com's Business Head, Aditya Verma said after inaugurating a two-day property exhibition here.

The second such exhibition in Hyderabad showcases over 100-property options with properties, while displaying properties ranging from Rs. 5 lakhs to Rs 5 crores.

The company plans to host 15 such property shows across the country this year, Verma added.

On a query, Verma said they did a business of over Rs 30 crores last time around but were expecting the business to Rs 20 crores now.