Real Estate Giving Good Performance in Hyderabad

As soon as the creation of Telangana started reverberating the land of Andhra Pradesh, the market became loud with the speculations of several kinds. While some stated that property market shall see a further plummeting, others were quiet optimistic about it. Post-Telangana created a problem in cities like Ongle, where the land transactions came to a grinding halt. But the real estate in Hyderabad continued to perform well. The demand for properties in this city has seen an appreciation, and it is all geared-up to do so, in the later quarter of 2013.

Let's make a note of the localities in Hyderabad that have seen price appreciation in the quarter April-June, 2013. Apartments for sale in Hyderabad that are located in areas like Begumpet, Attapur, Gachibowli, Madhapur, KBHB Colony, Miyapur, Manikonda, Bowenpally, and Nizampet, the realty rates have got an appreciation between 5-10%. The escalation rates ranging between 1-4% has been recorded in localities including, Bachupally, Hi-tech City, Hydernagar, Kukatpally, LB Nagar, Sainikpuri, Somajiguda, and Sanat Nagar. There are still several localities where a depreciation of capital rates has been witnessed during the same quarter: Ameerpet, Kompaly, Kondapur, Sainikpuri, and Saket. Padamrao Nagar is a locality where the rate for flats in Hyderabad have seen an appreciable decrease of 17%.

The average price per square feet of the properties is high in areas like Banjara Hills, Sanatnagar, Somajiguda, Begumpet, Hafeezpet, Hitech City. The comparatively lower rates can be expected in localities like A S Rao Nagar, Attapur, Bachupalli, Chandanagar, Kompally, Dilsukhnagar, Malkajgiri, Nizampet, Uppal, and several others.

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