Real Talk : Lagadapati finally seems to have seen the inevitable, the formation of Telangana.

Telangana by-poll results have changed the equations in the Hyderabad real estate market. The artificial demand created by the Andhra investors under the regime of late YSR, had spiraled the real estate prices, snatching away the basic necessity from common man. Telangana by-polls have come as a boon to the common man as they can now dream of owning a house in Hyderabad. The correction in land prices, that is bound to take place few months from now, is already seeing a 10-15% fall in the land rates.

The heat also seems to have affected Lagadapati. Lanco Hills is now on sale in the open market and a number of big players are trying to acquire it. As a first step towards disinvesting Lanco Hills, their corporate headquarters is already known to have been shifted from Hyderabad to Gurgaon. Though Lanco Hills has not officially announced this, it has become a major topic of discussion in the real estate circles. Media reports also say that Lagadapati Rajagopal and Co. are planning to sell off all their major properties in Hyderabad as formation of Telangana is almost imminent with the by poll results.

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