Every individual aspires to have a permanent residence, be it a small tent, a building, or a palace. However, the increasing population and limited availability of space have led to a significant rise in real estate prices. The burgeoning apartment culture has become prevalent to accommodate the growing demand for housing. In the context of the two telugu states, hyderabad, evolving into a cosmopolitan city, is witnessing an improvement in living standards.
Areas that were once challenging to access are transforming into colonies, and these colonies are further developing into gated communities. Numerous real estate companies are innovatively constructing buildings to meet the increasing demand for housing. With a focus on creating better living spaces, these companies are introducing new designs to the market.
Amidst these developments, there is a growing interest in the condition of old houses. As financial flexibility increases, individuals are not only seeking new houses but also exploring options in older houses that align with their preferences. The demand for old houses in hyderabad is reportedly on the rise, with particular interest in old triple bedroom houses over new single and double bedroom ones.
One reason for this preference is the opportunity to acquire an old triple bedroom house for the cost of a new double bedroom house. The demand for old houses is expected to continue growing, with realtors noting that the prices of old flats are becoming competitive with newly constructed apartments.
Observers attribute this trend to factors such as the absence of corpus fund payments and lower maintenance charges, including those for car parking, compared to new apartments. While the idea of buying old houses is appealing, construction experts suggest a thorough inspection before making a purchase.
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