Hyderabad Property: Apartments Undergoing Price Escalation

With the green signal given to Telangana for statehood, all the negative speculations regarding real estate in Hyderabad seemed to have taken a back seat. The trends are expected to go in favor for the investors into property this year. As the city now would be a part of the new state, there is a high potential regarding job opportunities, which, in turn, would influence the launching of new projects and thus, bring about an escalation in demand for Hyderabad real estate.

The land rates in the city are expected to soar appreciably. This is expected in the peripheral areas like Outer Ring Road where developers are already taking interest in initiating residential and commercial spaces, in the years to come. On the same lines, the apartments for sale in Hyderabad are expected to garner an increase in price rate by 200-300/ sq. feet. For villas too, the picture seems to be rosy: as the supply is less, their prices are going to rise. Then come the plotted developments: these saw a steep rise in rates last year, and this year too, they are expected to follow the same suit. A few budgeted villas have sprung up in the areas covering north and south corridors.

Considering the last two months of April and June, areas like Guchibowli and Bachupalli saw an increase in price rate by 10-15%. Guchibowli has already acquired the status of being the most preferred location for the buyers looking out for house for sale in Hyderabad. In the first quarter only, Hi Tech city witnessed even a much higher growth rate of 29%. Talking of the city as a whole and considering a span of last 12 months, the per square feet value got a raise of about 16%. On the contrast, areas like Kondhapur and Kompally have witnessed a slight decrease in values.

The rates are exorbitant in Benjara Hills where the current per sq. feet (psf) value in July, 2013 stands at Rs. 6183. It is interesting to note that this locality gained such a bump only in late February this year. Prior to that, value was somewhere around Rs. 1030/sq. feet. For upper class buyers, who are seeking Hyderabad property in plush locations, Benjara Hills is a good option. Its swanky hotels, top-class malls, commercial buildings and closeness to MMTS station add the much-expected glamor. The presence of International Airport at Shamshabad, the surrounding areas are expecting the price rises.

At Makaan.com, India's fastest growing property site, you can search houses, villas, lands, plots, shops, warehouses for buying and renting. Lakhs of properties from developers and promoters are listed over the portal, thus offering the buyers with plentiful opportunities in terms of residential and commercial housing.