hyderabad nageshwar rao raised his apartments rent from rs 15000 to rs 18000 last month put up a to let sign on the main gate of his building located in madhapur and waited patiently for calls by evening he had three interested parties none of whom quibbled about the rent that there were concerns about rents and realty taking a beating because of the t trouble were certainly not visible in raos dealing with his prospective tenant the demand he said had put house owners like him on the drivers seatin fact the rents in the area have only been rising at a luxurious rate of rs 3000 per annum the apartment we were living in cost us rs 9000 a year ago now the same apartment costs us rs 12500 said dashmeet kaur an it professional about her apartment in arunodaya colony of madhapur whose house owner is clearly keeping up with the prevailing market rateowners of residential complexes here say that more than the telangana agitation business trends influence the property market in the area rents for flats that were fixed at rs 40000 dropped to rs 28000 during the economic recession but the rents bounced back to rs 35000 and with the increase in demand we are expecting it to go up to rs 40000 soon the number of people coming to the area has remained constant and has not been affected by the ongoing telangana issues said an official of the nectar garden owners society a premium housing venture in hitec cityrealtors attribute the unaffected rentals to the continued demand for office space in hitec city and it industry barons credit it to massive recruitments the t trouble notwithstanding sample this an approximate 35 million sq ft of land space was developed and occupied by corporations in the area in the last one year it industry seniors peg a corresponding surge in the number of employees which has fuelled the demand for housing we have not seen a slump in the demand for the readytomovein apartments except during the recession but the recovery in the last two years has got everything back in shape and the telangana agitation has not really affected the demand nor the rents said madhav veeravali a realtoralthough the rents in the area may have shot through the roof buyers also remain cautious about making new investments in the area the agitation has kept the prices of the land at a repressed level people are more cautious before investing in land and property as they do not see much appreciation said bvp raju promoter ghar4u solutions pvt limitednevertheless the demand for furnished homes is on the rise be it rented or properties for sale this they say is due to the convenience factor the demand for the movein apartments is still very high in this part of the city the built up value for a flat we showed had shot up from rs 3200 per sq ft to rs 5000 per sq