I’m planning to buy a flat (with my fiance) next year and it’ll be my first own house. Our budget is 90L and our options are Kollur, Rajendrangar, Miyapur, Pragathi Nagar, Kompally
Or stand alones in inner city areas like Bowenpally, Narsingi, KPHB etc.
I need advice w.r.t to future growth, accessibility to growing parts of the city and long term appreciation as well.
I've seen a lot of debate about buying a flat in Hyderabad w.r.t to AI boom and unsold flats. Here's my take on it.
There's enough talk about AI being a bubble just as much as Hyd Real Estate being a bubble.
The current AI investment scenario is huge circle-jerk between 5 companies, waiting to burst and the investors are already panicking because there's speculation about AI being not as cost-effective as it was projected to be. The cost of computing translated to cost of tokens is giving out huge returns as expected in comparison to a conventional employee executing the same tasks.
There is news about companies re-hiring employees after mass firing them and realising that AI can't actually do it that well.
Now, the Hyderabad real-estate, while it is true that there are lot of unsold flats, which ones are they? are all the big projects empty? Nope. So it must probably be new-age builders building on area which are underdeveloped with not much future, or extremely over-priced ones but this doesn't necessarily translate to all the projects being empty and dead as that would turn Hyd into a ghost-town already. I've enquired few good projects that I wanted to buy in (i'm neither rich, nor a serial investor, i'm looking to live in a own house for the first time in my life and my budget is 1 cr) and all of them are mostly booked with very few option lowers floors remaining (ground, 1st floor etc.).
Possible scenarios:
Best case scenario: AI bubble will burst and everyone's jobs will be safe, people will always be excited about owning their first home which will keep the RE market going.
Most probable case: AI will co-exist with human employees who are very much needed to maintain balance and although it will result in some level of firings but not the doomsday scenario everyone seems to be envisioning. This will also result in rise of other jobs esp in arts cuz AI slop is literally making people yearn for conventional art, photography and stuff. Real Art will become more expensive thanks to AI-slop. AI cannot be creative, and i'm saying this as someone who's in the marketing industry and been using it for the last 4 years and if anyone says it is, they were never creative in the first place.
The RE market will continue to grow slowly but steadily with of course push from black-money and NRI's and also first time home buyers. Homes as an investment might not be a big thing anymore though.
Worst Case Scenario: AI will take-over everything, wars will continue, economies will collapse in which case humanity as we know it will also cease to exist and a whole paradigm shift will happen and in this case none of our losses, investments matter cuz everyone is in this together.
Those who are saying they will go back to farming, what makes you think corporates will not take-over that too and automate farming?
This is a doomsday scenario and here's the thing, you can't make life-decisions based on doomsday scenarios as that will keep you paranoid and never let you take a step forward.
Please share your thoughts and i'm open to other perspectives, educate me. :))
Cheers!
I’m visiting Penang with my girlfriend soon and I’m planning to propose her there. One place I have in mind is the Penang hill steps with Georgetown in the background during sunset.
Anyone who’s actually been there can please guide me on how the real place is and if any restrictions exist on activities like these. I’m also planning to hire a professional photographer and have them shoot us secretly.
I’d really appreciate any tips or other location suggestions.
Thank you!! :))
I’ve been struggling at my workplace because of ADHD and in general in life too but mainly the work thing makes my life extremely miserable.
I work in Marketing and my role mainly involves dealing with clients and juggling multiple things like communication, strategy, social media posting etc.
I feel like my role is opposite of what an ideal role looks like for an ADHD person. I’m expected to do things on short notices, deal with thin timelines like days or weeks, take criticism from managers regularly, juggle everyday between 100 things legit (like rn, I have 6 clients with whom i have to call everyday, deal with 50 influencers, social media postings etc.)
I tried to switch companies but at the core the role remained the same and yes I’m on medication too but it can only help for a certain part.
I’m too old to start a different profession from scratch, and more companies expect a single employee to do everything.
I am making so many mistakes that I’m dreading my managers calls and I feel like I’ll lose this job too.
I feel like I’m letting down my partner and parents who always believed in me and supported me.