Hyderabad Property: Apartments Undergoing Price Escalation

With the green signal given to Telangana for statehood, all the negative speculations regarding real estate in Hyderabad seemed to have taken a back seat. The trends are expected to go in favor for the investors into property this year. As the city now would be a part of the new state, there is a high potential regarding job opportunities, which, in turn, would influence the launching of new projects and thus, bring about an escalation in demand for Hyderabad real estate.

The land rates in the city are expected to soar appreciably. This is expected in the peripheral areas like Outer Ring Road where developers are already taking interest in initiating residential and commercial spaces, in the years to come. On the same lines, the apartments for sale in Hyderabad are expected to garner an increase in price rate by 200-300/ sq. feet. For villas too, the picture seems to be rosy: as the supply is less, their prices are going to rise. Then come the plotted developments: these saw a steep rise in rates last year, and this year too, they are expected to follow the same suit. A few budgeted villas have sprung up in the areas covering north and south corridors.

Considering the last two months of April and June, areas like Guchibowli and Bachupalli saw an increase in price rate by 10-15%. Guchibowli has already acquired the status of being the most preferred location for the buyers looking out for house for sale in Hyderabad. In the first quarter only, Hi Tech city witnessed even a much higher growth rate of 29%. Talking of the city as a whole and considering a span of last 12 months, the per square feet value got a raise of about 16%. On the contrast, areas like Kondhapur and Kompally have witnessed a slight decrease in values.

The rates are exorbitant in Benjara Hills where the current per sq. feet (psf) value in July, 2013 stands at Rs. 6183. It is interesting to note that this locality gained such a bump only in late February this year. Prior to that, value was somewhere around Rs. 1030/sq. feet. For upper class buyers, who are seeking Hyderabad property in plush locations, Benjara Hills is a good option. Its swanky hotels, top-class malls, commercial buildings and closeness to MMTS station add the much-expected glamor. The presence of International Airport at Shamshabad, the surrounding areas are expecting the price rises.

At Makaan.com, India's fastest growing property site, you can search houses, villas, lands, plots, shops, warehouses for buying and renting. Lakhs of properties from developers and promoters are listed over the portal, thus offering the buyers with plentiful opportunities in terms of residential and commercial housing.

Property in Hyderabad: Current Market Trends

The real estate scenario in India's fourth most populated city, Hyderabad, is smoking hot. And why shouldn't it be? Seeing the tremendous industrial and commercial progress that the city has made over years. Add to it the 6.8 million population that it holds, a reason why property trend in the city is going at par with the other metropolitan cities of India. Let's have a look at the present scenario.

As far as the price trends are concerned, the per square feet price, as per market analysis done in the year 2012, stands at Rs. 2542. The price trend over the last 12 months indicates that the rate per sq feet has raised from Rs. 2750 in July, 2012 to Rs. 3258 this month, i.e., July, 2013: a total increase of 21.05%. If trend of the property in Hyderabad of the last three months is taken into consideration, we would see that there is a slight decline of 3.33% from April to July, 2013.

The real estate scenario of Hyderabad property in Banjara Hills over the last 12 months has seen major fluctuations with constant price rates over a few months. Take, for example, the months between November, 2012 and February, 2013: the price was almost constant throughout the period. But after that, a sudden spike was noted: the value reaching at Rs. 6727 per sq. ft. by the time March came.
Next, let's have a look at market trends for Secunderabad. While the start of the year 2013 saw a slight change in the value to Rs. 2748 /sq. ft. in the beginning of January, 2013 from Rs. 2267/ sq. ft. in December, 2012. Since then, there have not been any major fluctuations.

If rental scenario is taken into consideration for the same period, it can be seen that rates remained almost fixed (no major spikes) over the last 12 months. Hiring rental property in Hyderabad can be a cost-effective way for the buyers who are restricted by budgetary constraints. Simple plots can be purchased at significantly lower rates, beginning somewhere around 2-3 lacs.

 If you are on a look out for apartments for sale in Hyderabad, you can make a search in top localities like Gachibowli, Banjara Hills, Hi-Tech City, Jubilee Hills, Miyapur, Nizampet, Kondapur, Manikonda, Sainikpuri, KPHB, and Chanda Nagar. Go through online property portals that list residential and commercial structures along with dimensions like price, area, and type etc.
Visit Makaan.com, India's fastest growing property website and see what real estate in the city of Hyderabad can offer you.