Minister dismisses real estate slump, claims sector recorded 20% growth | Hyderabad News

Hyderabad: Revenue and housing minister Ponguleti Srinivasa Reddy on Saturday dismissed reports of a slump in real estate, particularly in Hyderabad, and claimed that the sector recorded a growth of approximately 15 to 20%, while flat sales increased by up to 40% during the tenure of the present govt.Srinivasa Reddy, who also holds the registration and stamps portfolio, said: “The residential market expanded significantly over the past two-and-a-half years compared with the previous decade. The rise in the number of documents registered…