The year 2013 brought a lull in Hyderabad's real estate market. The
absorption was an all-time low and with the creation of vacant land
for development, the absorption rate fell further. This was true in
case of commercial realty market, but residential sector gave
satisfactory performance. In spite of being caught badly in Telangana
issue, Hyderabad's real estate managed to keep its head well above
water. Property rates of flats in the city have not budged from their
place over a span of several years. Still, there are some locations
where some appreciation did take place.
The
quarter-on-quarter appreciation of real estate Hyderabad
took place across Alwal, Appa Junction, Madhapur, and many more. An
appreciation of 1-5% was observed in the last quarter of 2013 across
Kompally, Kondapur, Alwal, Appa Junction Sainikpuri, Bandlaguda
Jagir, Banjara Hills, and Ameerpet. The properties underwent a higher
escalation in localities like Madhapur, Hi-Tech City, Bowenpally,
Kompally, A.S. Rao Nagar, Padmarao Nagar, and Rajender Nagar.
As
far as prices of Hyderabad
properties are
concerned, they are affordable in comparison to the other tier 1
cities of India. To delve deeper, we consider a 3 BHK multistorey
apartment across city's various regions, and see how the localities
fare in terms of prices, and this context, it is for those three room
apartments that are valued at 40 lakh and below. Across Vikarabad,
Nagaram, Shadnagar, Alwal, and LB Nagar, a 3 BHK comes at an
affordable price bracket of 15-25 lakh.(These are starting rates). In
Attapur Road, Bolaram, Pocharam, Sainathpuram, Kompally, and
Beeramguda, the same is available in 25-30 lakh segment. Similar
rates can be expected over Manikonda, Kadtal, Uppal Mandal,
Bowrampet, and Bachupllay.
For
seekers of 3 BHK apartments
in Hyderabad in
30-35 lakh bracket, Gachibowli, Maninanagr, HiTech City, ECIL, Kapra,
and AS Rao Naagr. The prices across Alkapuri, Tellapur, Medak,
Bowenpally and Yapral are relatively higher: lying mostly in 35-40
lakh price segment.
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