Hyderabad, India's major urban conglomerate, witnesses an influx of a
huge population from other metros. It is the strong presence of
several IT majors attracts young professions who come here in search
of jobs. To cater to the dwelling requirements of its own population
as well of these migrants, the city carries rental spaces. Hyderabad real estate price rates of rental properties vary from one
locality to the other. This blog throws light on the average starting
price rates of a 3 BHK apartment in its different regions.
Seekers
of cheap rent houses in Hyderabad
can go for locations like Bachupally, Moulali, and Secunderabad. A
three-room flat can be available at an easy 7-10k monthly rental.
Over Tolichowki, Neredmet, Serlingpally, Kompally, and Attapur, the
monthly rent , generally, varies between 10-15k. Similar rates are
prevalent over Miyapur, Srinagar Colony, and Lingampally.
Talking
of hig-end localities like Gachibowli, Madhapur, Chanda Nagar,
Begumpet, and Kondapur. Here, the rates usually fall in 15-20k
bracket. It is presence of good infrastructure and a well-developed
IT sectors that demand for rental Hyderabad
properties
remains high here. Still higher rates are prevalent in posh locales
such as Hi-Tech City, Hafeezpet, Marredpally, and Yellareddyguda. The
signature colonies like Banjara Hills and Jubilee Hills too are
expensive to buy a rental apartment. Falling in 20-30k/month range,
the prices can go as high as 1 lakh and even higher than that.
During first quarter of 2014, the rental rates depreciated in
Ameerpet, Banjara Hills. Hi-Tech City, and Begumete. The prices,
however, did not went an appreciable change over Manikonda,
Madinaguda, KBHB Colony, Hyde Nagar, and Miyapur.
The rental rates are expected to rise in the mounts to come, given
that the chaos arising from the creation of a separate Telangana is
finally over.
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