The city of Hyderabad does not carry
competitive prices for residential and commercial properties. At a time,
when metropolitans like Delhi and Mumbai are sitting on about-to-burst
realty bubbles, the property market in this city has not seen any
appreciable escalation in rates. In spite of having gone tremendous
growth in IT sector and good demand for residential houses, the rates
have not burgeoned accordingly. The rental rates too are low. Though
there are a few localities where you will find high rental rates, still
the rest of the city comes under affordable bracket.
Let's see how a 2 BHK rent house in Hyderabad
would cost you in its different localities. We shall talk in terms of
starting rates in the concerned localities. We are not talking of the
upper limits, that may be quite higher than these initial prices. We
start from the lowest monthly bracket, i.e. 3-5k, colonies like
Begumpet, Ameerpet and Vamasthali Puram offer these rates to the
tenants. For 5-7k rental, you can look for Uppal Mandal, Manikonda,
Tolichowki, Dilsukhnagar, Qutbullapur, and Hydersha Court.
Real estate Hyderabad in 7-10k bracket can be expected in Rajender Nagar, Mehdipatnam, Manikonda, and KPHB. For 10-15k segment, tenants can look around in Trimulghery, Sanjeeva Reddy, Chand Nagar, Gachibowli, Upperpally, Maredpally. and HUDA. AT Kondapur, one of the localities that has seen a tremendous development in IT sector, the rental rates can be as low as 15 k and as high as 75k. At Hi-Tech City, Nalaganda, Lakdi ka Pul, Madhapur, monthly rentals are usually above 15k. Most of these areas have well-developed houses with good infrastructure, furnished interiors, and presence of IT companies. The demand for rental,s accordingly comes from a class that earns well and can afford high monthly rent. At Bowanpally, you will find a flexible rental range. From 3k to 35 k, it has houses catering to different income brackets.
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