The strong presence of IT industry and availability of
good infrastructure have played a great role in attracting tenants from
other cities to Bangalore, to hire rental spaces here. For the local
residents, who belong to middle-segments of society, the rental houses
offer a good option. The rates for properties have started seeing a hike
post Telangana issue, and this would have direct effect on rates for
rental homes too. In this blog, we are going to see how the rates for 2
BHKs are faring in different parts of the city.
To hire a 2 BHK rental house in Hyderabad,
you need to find the localities that offer the type of houses that are
looking for. Let's consider first Secunderabad; the hot localities that
are generally preferred for hiring on rent include Sainikpur,
Trimulgherry, Bowenpally, Hasmatpet, Paradise Circle, Lothkunta, and
Kompally. The rental rate for a two-room property in these localities
varies from one place to other.
Next comes Hyderabad city itself. The properties in Hyderabad in
various localities like Nallakunta, D.D. Colony, Miyapur, Begumpet,
varies in the range Rs. 7k-20k. Some other budget options like A.S.Rao
Nagr, Dilsukh Nagar, Jubilee Hills, Kondapur, and Madhapur, however,
have the higher rates, as high as 40-45k. Yellareddy Guda, YousoufGuda,
Moti nagar, Manikonda too are the pricey options.At ECIL, Dammaiguda,
Kothapet, Anand Bagh, and Rajender Nagar cater to rental needs of
lower-income group.
Post Telangana, the property rates for a house for rent in Hyderabad are
expected to increase. The prices had been stagnant from almost 4-5
years. But as the issue subsides, the realty market is expected to pick
up. If that happens, then the probability of the rental spaces too
becoming pricey shall increase. Indian economy is also going through an
economic crisis, with the currency value already depreciated much in
comparison to dollar.
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