How does a 2 BHK House for Rent Fare in Localities of Hyderabad Real Estate?

The city of pearls, Hyderabad, is the highest contributor to GDP of Andhra Pradesh. Base to several global conglomerates which includes pharmaceutical companies and IT/ITeS firms, the city is a lucrative investment option. It is the multitude of employment opportunities that a good number o expatriates flock to this city every year. Rental houses cater to the residential requirements for these expatriates as well as for its own population. Living on a rental space is more affordable than buying a house of one's own. Lets; have a glimpse of rental properties are faring across its different localities.

Amidst all the muddle created by Telangana issue, Hyderabad real estate scenario did not show any significant improvement. In fact, as the consumer sentiments were largely on negative sides, the rate of rentals dropped in several prime localities of the city. In the last quarter of 2103, areas like Srinagar colony, Jubillee Hills, Madinaguda, S R Nagar, and Hi Tech City witnessed a Q-o-Q fall of 6-9% in rental rates. The fall was steeper for rental apartments in Somajiguda, Miyapur, and Nizampet.

As far as psf(per square feet ) rate for a house for rent in Hyderabad is concerned, S R Nagar, Manikonda, Attapur, Nizampet, and Miyapur have the average value zeroed to 8-10/ sft. The rates are more in high-end colonies like Jubille Hills, Kondapur, Somajiguda, Hi Tech City, Begumpet and Gachibowli. In these areas, the average psf rate is centered around 11-15/sft and above.

Let's now have a look at the monthly rentals that are prevalent across different localities of Hyderabad. The options, i.e. where a 2 BHK house on rent is available at modest prices are Ameerpet and Begumpet. A tenant can expect starting prices for two room apartments valued at 3-5k bracket. In higher segment, 5-8k, the available options for rental flats are Madinaguda, Kukatpally, Bowenpally, Tolichowki, Gachibowli, and Kondapur.

In 9-15k rental bracket come the names lie Himayath Nagar, KPHB, Miyapur, Jubilee Hills, Madhapur, and Banjara Hills. JNTU and Chand Nagar too offer 2 BHKs in the same range. Inspite of the affordable starting prices, the rental rates in some of the prime locations such as Gachibolwi, KPHB, Ameerpet. Jubillee Hills, Banjara Hills, and Miyapur offer pricey options too. For example a two bedroom flat on rent in Kondapur can cost a tenant monthly rental up to 75-80k. In Banjara Hills and Jubillee Hills, one can find well-furnished apartments with rental price up to 25 k.

As the Telangana issue subsidizes, the rental rates for properties in Hyderabad are expected to see a price appreciation.