Tuesday 15 April 2014

Preferred Localities for Hiring a Flat for Rent in Hyderabad Real Estate


Hyderabad, a city with a stronghold over IT sector and excellent physical infrastructure, sees a good demand for rental properties every year. It is not its local population from where the demand for rental properties comes. A major part of it is derived from the expatriates too. Rental market, in contrast to buy market, has been able to sustain itself better. To hire a house on rent in this city, a tenant must know of the preferred localities and the prices that they carry. Let's have a look on these.

Kothaguda, one of the preferable locations for hiring a house for rent in Hyderabad. This suburb is backed with a a string economy and high developmental rate. Created as a model town, Kothaguda's has witnessed a sea change in key areas of its infrastructure. Marredpally, divided into east and west parts, is residential upmarket of Hyderabad. Laced with educational institutes, supermarkets, malls, and hospitals, the locality has gained prominence in realty market.

Jubillee Hills and Banjara Hills, Hyderabad real estate up-markets known for their expensive realty prices and high-end infrastructure, are usually inhabited by the elite and high-income groups. Both are major commercial centers and are marked with swanky malls and restaurants. Jubilee Hills, the political hub of Hyderabad, is distinguished for having some high-end film studios.



Madhapur, another locality known for its IT sector, is preferred by buyers from high-income groups. Apart from having software industry, the locality is also known for the presence of a number of international BPOs. Ameerpet, a locality more popular for its set of training institutes, was a mere a pool of undeveloped plots a decade ago. At present, it is witnessing a number of real estate constructions. Kuktapally is a major residential as well as commercial hub of North Hyderabad and is one of the best localities for tenants who are on the look-out for a flat for rent in Hyderabad. Its strategic proximity to Hitech City has rendered several advantages to it.

Bowenpally is a locality inhabited by mid and high income groups. The suburb is a part of Secunderabad. Gachibowli has some major companies like Accenture, Capegemini, Wipro, and Amazon. Hitech City is a technology township sprawled over 151 acres and has been built in different phases like Cyber Tower and Cyber Gateway. The all-famous Mindspace IT Park too is located here and carries the capacity of 370,000 sq meter of office space.

Makaan.com, a leading realty portal, features under-construction and ready-to-move real estate in Hyderabad India. The site also lists budget and luxury house for rent in Hyderabad across its various localities.

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