Price for a House for Rent Still Undervalued in Hyderabad

It seems that Hyderabad has been hogging all the limelight as far as the creation of a new state in Andhra Pradesh is concerned. Now and then, it continues to remain in news for something related to property. Earlier it was all about Telnagana and how its creation would affect the realty market, and now the city is witnessing protests and blackouts to oppose the move. The capital rates, in spite of all these, have started seeing an upsurge. But the thing is that these rates are still undervalued if compared to other metropolitan cities of India. And the rental rates too have not shown much appreciation over years.

Hyderabad real estate is proliferating in the areas surrounding Old Ring Road, which shall form an inter-network among different localities. The construction of Hyderabad Metro has also raised the demand for properties. The seekers of rental houses can gain from this undervalued realty market. Though the rates per month have appreciated in several areas, yet they are lower in terms of price rates, if compared to other cities. Even the prime localities like Gachibowli, Begumpet, Jubilee Hills, and Banjara Hills have low rental rates, if compared to some posh colonies of Delhi or Mumbai.

Let's consider the rental rates for several localities in the current scenario. If one is on the look-out for a rent house in Hyderabad, say in localities like APPA Junction and Kothapet, he can get a 2 BHK flat on a monthly rental falling between 4k and 10k. These form part of Greater Hyderabad. In the city itself, the 2 BHK properties with rentals below 10k can be looked out in Dilsukhnagar, Kukatpally, Moti Nagar, Himayath Nagar, D.D.Colony, Vidya Nagar, Sai Murthi Nagar, Vamasthali Puram, Tolichowki, Madinaguda, Yapral, and Attapur Ring Road. For higher rentals, between 10k and 25k, look for houses in Madhapur, Begumpet, Indira Nagar, Hafeezpet, Kondapur, Vidya Nagar, Ameerpet, Puppalguda, and Sri Nagar Colony. Jubilee Hills and Banjara Hills, the twin localities known for their prominence in IT industry, have high rental rates; a two room apartment can cost a tenant 35-40 k per month.

Search for a house for rent in Hyderabad over the real estate portal, Makaan.com. The website allows searching of properties PAN India and helps you locate the one that falls within your budget. Get to know the price trends for properties in Hyderabad and be informed of the changes taking place in the realty market.