Market Scenario for a Two Room House for Rent in Hyderabad Properties

Much ruckus was created before Telangana was created, and Hyderabad city found itself in the middle of different type of speculations. While several trade pundits predicted the rental market in the city to go only in one direction, i.e. down, the scenario post Telangana is indicating quiet contrary. After the division, the rates of rental properties escalated, especially in South Hyderabad. Over areas like Gowlipura and Lala Darwaja, the rental prices have almost doubled. Though in localities, rental rates went down, 2014 is expected to see in overall appreciation.

To know of the rental price trends, consider a 2 BHK apartment. Among the budget localities come names like Ameerpet, Begumpet, Boduppal, and Beeramguda. A hire a two room flat across these localities, a tenant may need to pay rent in 3-5k range. The monthly rental in 6-10k price bracket is prevalent in Tolichowki, Bachupally, Bowenpally, Lingampally, Madinaguda, and Nizampet. The other areas where the rental rates of properties in Hyderabadare almost similar are LB Nagar, Mehdipatnam, Madhapur, Himayath Nagar, Malkajgiri, and Domalguda. Some prime locations such as Gachibowli, D D Colony, KBHB, Miyapur, Kondapur, and Ameerpet too offer rental properties in this price bracket. A house for rent in Hyderabad with rental range 11-15k can be searched across S R Nagar, Hi-tech City, Srinagar Colony, Banjara Hills, Jubilee Hills, Nallagandla, Panjagutta, and Narsinghi

As far as average per square feet rate of rental properties in Hyderabad localities come with different values. While Banjara Hills, Gachibowli, Hitech City, Jubillee Hills are some of the expensive places to live at, and the psf rates across these are high: 14-18/ sq. ft. D D Colony, Ameerpet, Begumpet, Miyapur, Malkajgiri, KBHB Colony, Kondapur, and Kothaguda carry average psf rates in 8-14/ sq. ft range. The population boom over Hyderabad's Inner Ring Road(IRR) has attributed to the rise in rentals in Banjara Hills, Attapur, Begumpet, LB Nagar, and Nagole. The recent widening of IRR further gave a boost to rental rates in the areas lying on its either side. Areas around Charminar too have undergone price appreciation of their rental properties. To hire a rental property in Darulshifa, Khilawat, and Pathergatti, a tenant may have to pay rental in 6-10k bracket.

Two Room Flats for Rent in Bangalore Residential Property Options for Tenants

The Electronic City, Bangalore, has always occupied a catbird seat as far as the real estate market is concerned. Though the prices have not budged from their place from several years, the realty market's performance is recorded better if compared to other tier-I cities of India. The demand for rental residential flats remains on higher side of graph, thanks to good employment opportunities, state-of-art-infrastructure, excellent connectivity and well-developed localities. Rental properties are the ultimate choice for tenants who have expatriated from other cities. The rates are flexible and the city has something to offer to tenants from different income brackets. Before hiring on rent, one must be aware of the ongoing price trends. This blog post throws light on rental rates are prevalent over different parts of the city.

Two BHK flats for rent in Bangalore in western region are generally available in 5-20k price bracket. For tenants looking for inexpensive options can make a hunt in Basaveshwaranagar and Yeshwantpur. The starting prices over these areas are concentrated in 6-10k range. Residential properties with monthly rentals are prevalent in Vijay Nagar, Munishwara Layout, Malleswaram, and Kengeri.

Residential property in Bangalore in northern region too is available across variable price brackets. While the starting prices prevalent over RT Nagar, OMBR Layout, Kamanahalli, Ganga Nagar, and Rammurthinagar fall in 3-10k bracket. Hebbal, Banaswadi, Jakkur, Yelahanka, Horamvu, Amrutahalli, Thanisandra, and J.C. Nagar are the prime localities of North Bangalore: the rental rates for two room flat fall in 10-15k segment.

South Bangalore's affordable locations are BTM Layout, Kanakapura, Koramangala, Electronic City: a 2 BHK can be hired at a rental as low as 7-8k over these localities. For hiring flats for rent in Bangalore over Hosur Road, Begur Road, Bellandur, Arekere, and Basavgudi, tenants must expect higher prices.

Chennai Real Estate: Renting More Preferable to Buying?

In light of the skyrocketing rates of properties in India, the realty market seems to shift gears. An average buyer is now more inclined towards renting a house rater than making a buy. Same is the case with Chennai where this trend is quite noticeable. According to Makaan's Buy Rent Index(MBRI), this city has witnessed a rise in tendencies for hiring properties on rent rather than buying them. Over last two years, MBRI value increased by 7 points, shifting hitherto neutral Chennai real estate market to rental range. A value of more than 25 indicates that renting properties is more preferable than owning a house. While North Chennai MBRI stood at 27, South Chennai's index stood at 28 in the last quarter of 2013.

With more demand for flats for rent in Chennai, the prices have escalated across its several localities. The stock of inventories is limited while the demand is on the higher side; this has resulted in price appreciation of rental home. The space crunch was also brought about by the non- availability of vacant spaces: the rental flats in the city have the tendency to get consumed quickly, thus keeping several tenants in lurch. This, in turn, made the landlords raise rents. Ashok Nagar and Egmore witnessed an appreciation of 13% and 8% respectively over Oct-Dec, 2013.

But there are several Chennai real estate localities where rental rates underwent depreciation in last quarter of 2013. Prices in Besant Nagar, Chromepet, and Chetpet went down by 8-10%, while in Alwarpet and Kilpauk, the rates saw a 3-5% decline if compared to the previous quarter. However, on the whole, Chennai's increased preference for rental properties indicates that people find it more viable to live on rental spaces rather than purchasing their dream home.

Hiring Flats for Rent in Hyderabad Real Estate: How Much to Pay for a 2 BHK?

Andhra Pradesh's biggest part of GDP comes from Hyderabad, a city that ranks fifth in terms of its national contribution. City's realty market too has progressed well with a steady demand coming from both buyers and tenants. The city is frequented by a large number of expatriates, thanks to its well-established IT sector and excellent physical infrastructure. But as far as rental prices are concerned, the rates are lower if compared to other tier-1 cities of India. Let's see how the rental rates fare in Hyderabad across its different localities.

Consider flats for rent in Hyderabad, at Appaguda, Dammaiguda, Shannerpet, and Kothapet. The average rent in these areas for a 2 BHK ranges between 3k and 6k. Some of the other affordable regions in the city are A. S. Rao Nagar, Bularam, and Dilsukhnagar. We are talking about the stating prices here, The upper limit can reach up to 10-15k/month. At Miyapur, Nallakunta, D.D. Colony. Manikonda, Vidya Nagar, BandlaGuda, , Madhapur, Kukatpally, and Himayath Nagar, the rental range lies between 7-10k. These are, again, the starting rates.

Let’s us consider real estate Hyderabad in areas like Kondapur, D.D. Colony, Basheer Bagh, Nizampet, Tolichowki, Kamalapuri, Balanagar, a two-room rental house can cost a tenant anywhere between 11-15k, and even above. Jubilee Hills and Uppal Mandal have hefty rental rates: between 20k and 25k. At Bowanpally, the highest value can reach up to 35k, depending upon the exact location of the chosen property.

The deposit paid at the time of possession too varies from place to place. Generally, it is lower than in other metros. At Kondapur, the deposit can vary anywhere between 45k and 85k, while at Dilsukhnagar, it is around 6-7k only. Within the same locality, the deposit sum can vary widely. For example, at Bowanpally, the annual deposit can be 14k for a monthly rental of 7k, and around 2 lacs for a 35k property. At IT-driven colonies, it is generally higher than other lesser developed areas.

Hyderabad Property Prices All Slated to Escalate This Year

Thanks to the much hyped Telangana division that Hyderabad real estate market managed to remain in news all through 2013. There is no denying to the fact the creation of a new state has been seen by both the developers and buyers as an issue of much importance. Now when the Bill has been given green signal, everyone is anxious to know in which direction shall the prices go. As per a report by the research firm Jones Lang LaSalle, the market prices shall see an appreciation in 2014. The market is heading towards recovery after facing a long period of stagnation.

The prices to buy property or rent house in Hyderabad have not budged an inch from their values since 2009. This makes the city a highly affordable market. But from investors' point of view, it lacks any major potential. But in 2014, the things are expected to undergo a change. Currently, even the high-end localities in the city like Banjara Hills and Jubille Hills have an average per square feet rates lower than the other top-notch localities of Delhi, Chennai, Mumbai, or Gurgaon. Even a tier-2 city like Vijaywada has higher psf values than Hyderabad. This clearly indicates that the city has, so far, not succeeded in utilizing its potential to its fullest.

Hyderabad property has a leverage of carrying IT-driven localities, a factor that makes it as the popular choice for expatriates who wish to settle here. IT industry has proliferated in areas like Hi-Tech City, Miyapur, Gachibowli, APPA Junction, Kondapur, and Madhapur. These colonies remain high on demand for residential properties in the city. In spite of their up-to-the-mark infrastructure, presence of commercial giants, they haven't seen any appreciable growth in their rates. According to Jones Lang LaSalle, the rates are expected to see a marginal increase of about 5%. It has predicted that market shall burgeon more once the Telangana issue is over.

How a Three Room Rent House Fares in Real Estate Bangalore

At a time when prices are witnessing year-on-year appreciation in metropolitan cities, the rates in the Electronic City of India, Bangalore have not appreciated too much. Given the fact that this city has a stronghold over IT sector and has excellent infrastructural facilities, the prices failed to see any rise over past several years. Bangalore’s market is largely buyer- friendly. As far as rental rates are concerned, these too are affordable for most tenants. In this blog post, we are going to see how a three-room apartment fares in terms of rental rates.

A typical three-room house for rent in Bangalore in the northern localities generally falls in 15k-60k price brackets. The starting prices at Hebbal, HBR Layout, Sanjay Nagar, and Yelahanka mostly stand at around 15-18k. AT RMV, Banaswadi, Jakkur, the starting prices are a bit higher: they are centered on 20k per month. RT Nagar, RMV, and Yelahanka have flats that can cost you somewhere near 40-80K. Let's compare it with South Bangalore locations. As southern part mainly comprises of IT-driven colonies, the demand for properties, and their rate are higher. At HSR Layout, you can find a 3 BHK in a broad range of 22k-1lakh.

Koramanagla is another plush locality of South Bangalore that carries high prices. A three-room flats here comes in 24-70k bracket. Other prime localities like JP Nagar, Bannerghatta Road, Kanakapura Road, Jayanagar, Electronic City, and BTM carry high price segments. At Banaswadi, BTM Layout, Jayanagar, the upper limit is usually centered on 40k.
Prices trends of real estate Bangalore in central part are highest if compared to other areas. The rate for 3 BHK residential properties here starts from around 30k. A few of such localities are Ulsoor, St. John Road, Richmond Road, Benson Town, Frazer Town, Vasanthnagar. At Richmond Road, Levelle Road, Cubbon Road, Queens Road, and Commercial Street, you will find three-room flats at the starting rate of 40-50k. Higher rates are prevalent in Cambridge Layout, Cunningham Road, MG Road, Coles Road, Aga Abbas Ali Road, and Palace Road: for a 3 BHK, expect the prices up to 90k to 1 lac per month.

Options for Tenants Looking for House for Rent Properties in North and South Chennai

The absorption rate of residential houses in Chennai has gone all the way up, thanks to the way its suburban markets have flourished over years. The city is an IT stalwart and is bestowed with good physical infrastructure. This has helped the demand market to tread the upward graph. As the demand for residential properties escalated, and with this rental market too chartered new heights. There are several growth areas where the rental market is burgeoning at a fast pace. Let's have a look what are the rental options for the tenants looking for a rental apartment across Chennai's different suburbs. We shall limit our discussion to north and south parts of the city.

A two room rented apartments in Chennai in northern region carries some good options such as Avadi, Mogappair, Anna Nagar, Madhurvayal, and Madhavaram. Avadi is a major sub-urban area in north. Its excellent connectivity and up-to-the-mark infrastructure have gone very well with the realty market. Extending of Chennai-Tirutani Highway is on cards, and is expected to bring traffic congestion problems under control. Ambattur is another prime residential area for the tenants looking for rental properties in Chennai. Its Industrial Estate, spread over acres, is the biggest draw for small scale industries and IT parks. Anna Nagar is well-planned suburb, while Mogappair is known for the strong presence of software giants.

A house for rent in Chennai towards the southern part of the city has good options such as Velachery, Perungudi, Porur, Thoraipakkam, Tambaram, Mylapore, and Chromepet. The rental range across these, and the other localities varies from place to place. Velachery and Perungudi are the high growth areas. Velachery is well connected to GST Road ad CBD area, making it accessible from other cities. Perungudi's strategic location to other well-developed areas like Thoraipakkam and Pallavakkam have imparted it much significance for property seekers. Navalur is yet another locality that thrives on it IT sector and connectivity to OMR.

What is Stored in for the Hyderabad Properties in the Months to Come?

The historic bill that paved the way for division of Andhra Pradesh was recently passed amidst all the opposition by parties. However, developers of real estate Hyderabad have welcomed the move; they expect the realty market to see a good growth in the time to come. Investors too are largely pinning their hopes on the expected appreciation of residential properties. The things are on their way to amelioration can be seen from the fact that Housing Sentiment Index of the city has jumped by 20% in spite of all the ho-hapla created by the bifurcation.

According to Confederation of Real Estate Developers Association of India(CREDAI), city's realty market is expected to perform well in the coming months. Availability of infrastructural facilities, super connectivity, and affordable rat

es are the prime reasons behind the slated growth of demand for houses in Hyderabad. The realty prices in the city have not budged from their position in 2007, thus making it one of the preferable markets for home buyers. But the division of the state is expected to bring a much-needed thrust in rates.

In light of the anticipated rise in realty rates, Hyderabad properties are deemed to become one of the favorable investment destinations of India. Stakeholders have displayed confidence that the future holds good for city's property sector. Such a positive outlook is also strengthened by the fact that Hyderabad market has not yet reached its saturation state, unlike other tier-1 cities of India. There are still a good potential left for several high-end localities.

Excellent corporate environment, availability of job opportunities, and the stronghold of city over IT sector are the factors that can leg up the growth of residential apartments in Hyderabad in future. The upcoming ITIR region that is going to cover 50,000 acres, shall generate lakhs of new jobs, with 15 lakhs in the IT sector itself.

Makaan.com is one of the well known property sites in India that facilated flexibility options for house buyers and sellers.

Single Room Flats for Rent Across Different Localities of Bangalore Property

Bangalore, one of the most prominent metros of in South, excels when it comes to infrastructure and job opportunities. It is the presence of IT/ITeS firms that this bastion of information technology has fared well in realty market over years. Backed by excellent connectivity, the city has a lot in its kitty as far as real estate development is concerned. Its viability factor has always attracted expatriates who come here in search for jobs. A good part of its own population as well as these migrants prefer rent houses for fulfillment of their accommodation requirements. In this blog, we are going to summarize what a one BHK house for rent in Bangalore can cost to a tenant, over its different localities.

Take South Bangalore into consideration first. To locate 1 BHK flats for rent in Bangalore in this part of the city, tenants can choose from a whole lot of options. Among the cheaper ones, the common ones are BTM Layout, Banashankari, and Uttarahalli. A tenant can expect a one bedroom flat with monthly rent up to 5k across these colonies. Over Electronic City, Koramangla, HSR Layout, JP Nagar, Begur Road, and Arekere, tenants can find 1 BHK rental houses in 6-15k price bracket.

Property Bangalore in North offers options like R T Nagar, Hebbal, Kalyani Nagar, Banaswadi, and Rammurthinagar. The available price range for one bedroom flat across these can vary from 3k to 15k. In East, good options to make are Sarjapur Road, AECS Layout, Whitefield, CV Raman Nagar, Old Airport Road, and Doddakunte. Marathahalli, Sarjapur, and AECS Layout offer one room apartment with titrating prices mostly focused around 5k. CV Raman Nagar, Old Airport Road, and Doddakunte have higher rental brackets.

Single room apartment for rent in Central Bangalore can be looked in Coles Road, Benson Town, Cook Town, Indira Nagar, if the tenants prefer budget offers. Richmond Road, Wilson Garden, Levelle Road, Ulsoor, and Kodihalli, however, carry higher price tags.

Price Brackets for 1 BHK and 2 BHK Rent House in Chennai Properties

Are you living in Chennai and looking for a rent house to live? Or are you soon going to shift to this city and would need rental space to reside? For the seekers of 1 and 2 BHK, the city offers many options. Depending upon the requirements and your budgetary constraints, the prospective tenants are the disposal of several choices to make. This blog post is an effort towards letting them know what options they really have.

Let’s first talk of 1 BHK rent house in Chennai. Across its different regions, the prices vary. So, the tenants with different income brackets can expect to find a rental house as per their needs. The highly affordable options are Pladi, Chromepet, OMR (Old Madras Road), ECR, Porur, Kodambaakam. In these localities of the city, the tenants can look for flats in monthly rental range 2k-5k. Thiryvattiyur and Choolaimedu too offer one BHK rental houses up to 5k and above.

In 6-7k monthly brackets, there are quite a few localities across different parts of Chennai for seekers of one bedroom flats on rent. Kelambakkam, Villivakkam, Ambattur, Porur, Kilkattalai, and Thoraipakaam are a few names worth mentioning in this regard. Chennai properties offers rent houses to the tenants who can pay monthly rental in 7-10k brackets. These are T.Nagar, Valsaravakkam, Perungalathur, Medavakkam, Arumbakkam, Iyyappanthangal, Anna Nagar, and Nanganallur. Chetpet and Thiruvanmiyur offer 1 BHK flats with average rental value of 11-12k.

For tenants with requirements for 2 BHK rental homes, Pallakaranai, Kolathur, Perungudi, and Choolaimedu stand among the best options. The expected rental bracket across these localities is 5-8k/month. In 10-15k range fall Medavakkam, Adyar, Neelangarai, and Palavakkam. Over Thoraipakkam, Palavallam, and Indira Nagar, the rates can vary between 15k and 25k.