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.

Common Price Brackets in Real Estate Hyderabad for 2 BHK House for Rent

The city of Hyderabad does not carry competitive prices for residential and commercial properties. At a time, when metropolitans like Delhi and Mumbai are sitting on about-to-burst realty bubbles, the property market in this city has not seen any appreciable escalation in rates. In spite of having gone tremendous growth in IT sector and good demand for residential houses, the rates have not burgeoned accordingly. The rental rates too are low. Though there are a few localities where you will find high rental rates, still the rest of the city comes under affordable bracket.

Let's see how a 2 BHK rent house in Hyderabad would cost you in its different localities. We shall talk in terms of starting rates in the concerned localities. We are not talking of the upper limits, that may be quite higher than these initial prices. We start from the lowest monthly bracket, i.e. 3-5k, colonies like Begumpet, Ameerpet and Vamasthali Puram offer these rates to the tenants. For 5-7k rental, you can look for Uppal Mandal, Manikonda, Tolichowki, Dilsukhnagar, Qutbullapur, and Hydersha Court.

Real estate Hyderabad in 7-10k bracket can be expected in Rajender Nagar, Mehdipatnam, Manikonda, and KPHB. For 10-15k segment, tenants can look around in Trimulghery, Sanjeeva Reddy, Chand Nagar, Gachibowli, Upperpally, Maredpally. and HUDA. AT Kondapur, one of the localities that has seen a tremendous development in IT sector, the rental rates can be as low as 15 k and as high as 75k. At Hi-Tech City, Nalaganda, Lakdi ka Pul, Madhapur, monthly rentals are usually above 15k. Most of these areas have well-developed houses with good infrastructure, furnished interiors, and presence of IT companies. The demand for rental,s accordingly comes from a class that earns well and can afford high monthly rent. At Bowanpally, you will find a flexible rental range. From 3k to 35 k, it has houses catering to different income brackets.

Three-Room Rental Houses in Hyderabad Across Variable Price Rates

The city of Hyderabad has a tremendous potential in terms of real estate development. The positive factors like excellent infrastructure and good connectivity are the prime reasons behind the same. For the seekers of rental spaces, the city comes as a good option. The demand for such residential spaces comes both from the local residents as well as those who flock to city in search of job opportunities. As Indian economy has been hit hard by inflation and economic slowdown, property-seekers have kept themselves refrained from buying houses. Instead, they prefer going for living on rental houses, a far more viable option. Those who want a three bedroom rent house, Hyderabad offers a number of options.

We are going to consider different localities in terms of the lowest rent that they offer. For affordable three room real estate Hyderabad, the areas like Chanda Na
gar, Sainikpuri, Nizampet, A.S. Rao Nagar, Bagh Amberpet, Hyderguda, Manikonda, and Puppalguda are the perfect options. The tenants can expect 3 BHKS with minimum rental in the range 7k-15k in most of these localities. The upper range, however, can go up to 25-30k. The average per square feet (psf) value varies between Rs. 5/-Rs. 12/-.

For the rental range between 15-20k, the good localities are Basheer Bagh, Narayanguda, Nanakram Guda, Banjara Hills, Nallalkunta, Ashok Nagar, S.R. Nagar, and Ameerpet. A three-room rent house in Hyderabad is also available at higher monthly rentals. Some of these localities include names like Mehadipatnam, Lanco Hills, Gachibowli, Kondapur, Hitech City, Srinagar Colony, and several more. The monthly rent that a tenant has to pay in these plush colonies ranges between 25-30k. Somajiguda, APPA Junctin, and Tarnaka are a few names where it is difficult to find affordable rental spaces. While Taranaka and APPA Junction have average monthly rentals around 40k, at Somajiguda, it can go up to 55k.


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Hyderabad, known for the strong presence of software sector, has remained one of the most sought-after metropolitans of the country, for buyers and tenants. A large chunk of the residential demand comes from those who prefer living on rental spaces; this is the primary factor that drives city's realty market. The large influx of professionals seeking white-collared jobs too opt for rental properties, rather than buying a flat or apartment of their own. A purchase is infeasible for both the budget-minded residents as well as the tenants from other cities. There is no paucity of the rental houses here. As the demand remains high all through the year, the prices of such properties keep on soaring year after year.

A rent house in Hyderabad is available across flexible price brackets. For the seekers of two-room rental houses, localities like Nallakunta, Miyapur, BandlaGuda, Dilsukhnagar, Moti Nagar, A.S. Rao Nagar, and Dammaiguda are good to make a choice from. The rental rates in most of these micro-markets carry the starting prices anywhere between 5k and 7k. ECIL has even the lower rates than that. Tenants can find a two-room apartment here at a monthly rental of a mere 3-3.5k. As the rent is so low, one can't expect too many amenities or well-furnished interiors.

The other localities where a rental apartment is available in the higher range, 8k-10k include YousufGuda, Kukatpally, Madhapur, Himayath Nagar, KPHB, Mirjalguda, Saroor Nagar, and Defenec Colony, to name a few. The range specifies the starting prices, though there are flats and properties in Hyderabad that come with much higher price tags in these colonies. For instance, you will find rent flats in Madhapur, with rate as low as 11k and as high as 20k. This f

lexibility helps in catering to tenants with different budgets.

The localities where average per square feet rate has got an upsurge in Jun-Sep quarter are Banjara Hills, Ameerpet, Gachibowli, Kukatpally, Nalllakunta, Somajiguda, and Srinagar Colony. In the later two, the average psf is a high value; in the current quarter, it stands at 15/ sq. ft. The other areas with a high psf value are Miyapur, Masab Tank, Nallagandla, Manikonda, Begumpet, and Ameerpet. Nizampet, Chandanagar, and Manikonda have seen a slump in the psf rates; so these can be good options to look for rental houses.

So, you see that there are a plethora of options for the seekers of rental properties in Hyderabad. The presence of good infrastructure and good connectivity to the neighboring cities make it a place worth to live at.

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Price for a House for Rent Still Undervalued in Hyderabad

It seems that Hyderabad has been hogging all the limelight as far as the creation of a new state in Andhra Pradesh is concerned. Now and then, it continues to remain in news for something related to property. Earlier it was all about Telnagana and how its creation would affect the realty market, and now the city is witnessing protests and blackouts to oppose the move. The capital rates, in spite of all these, have started seeing an upsurge. But the thing is that these rates are still undervalued if compared to other metropolitan cities of India. And the rental rates too have not shown much appreciation over years.

Hyderabad real estate is proliferating in the areas surrounding Old Ring Road, which shall form an inter-network among different localities. The construction of Hyderabad Metro has also raised the demand for properties. The seekers of rental houses can gain from this undervalued realty market. Though the rates per month have appreciated in several areas, yet they are lower in terms of price rates, if compared to other cities. Even the prime localities like Gachibowli, Begumpet, Jubilee Hills, and Banjara Hills have low rental rates, if compared to some posh colonies of Delhi or Mumbai.

Let's consider the rental rates for several localities in the current scenario. If one is on the look-out for a rent house in Hyderabad, say in localities like APPA Junction and Kothapet, he can get a 2 BHK flat on a monthly rental falling between 4k and 10k. These form part of Greater Hyderabad. In the city itself, the 2 BHK properties with rentals below 10k can be looked out in Dilsukhnagar, Kukatpally, Moti Nagar, Himayath Nagar, D.D.Colony, Vidya Nagar, Sai Murthi Nagar, Vamasthali Puram, Tolichowki, Madinaguda, Yapral, and Attapur Ring Road. For higher rentals, between 10k and 25k, look for houses in Madhapur, Begumpet, Indira Nagar, Hafeezpet, Kondapur, Vidya Nagar, Ameerpet, Puppalguda, and Sri Nagar Colony. Jubilee Hills and Banjara Hills, the twin localities known for their prominence in IT industry, have high rental rates; a two room apartment can cost a tenant 35-40 k per month.

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Locating a Rent House in Hyderabad: The Available Options

Living in a rental property has become a norm these days: with metropolitan cities offering bait in terms of money and secured future, more and more people have took to living on rent these days. The number of people living in a rent house in Hyderabad, Bangalore, and Chennai form a lion's share of their total population. They are either low on income or have drifted to these cities in search of job. Places like Banjara Hills, Jubilee Hills, and Hi-tech City in Hyderabad attract big crowds every year. With such a high demand for rent/lease properties, the prices too are soaring like anything.

In past 12 months, the price of a house for rent in Hyderabad has seen an appreciation of more than 10%. The median price/ sq. ft for the city in the month of August is Rs. 3106. In individual localities, the % inflation is even higher. Look at Hi-tech City: the rental rate got appreciated by 29% here, with psf standing at Rs. 4131. In Miyapur, the % increase has come out to be 17, as seen over the same period. The other localities like Gachibowli, Kondapur, Banjara Hills, Jubilee Hills, and Srinagar Coloney too have pretty high tariffs for rented apartments. A 2 BHK rental property in Banjara Hills can cost you around Rs. 30,000/month. As these areas are highly populated with professional class, who earn 6-figure salaries, paying huge rentals isn't a big problem for them.

But there are people who thrive on modest incomes. For them, it becomes necessary to locate an affordable rent house in Hyderabad real estate. At Manikonda, the rates are not that high: a 2 BHK is available anywhere between 10-14k. At Nallakunta, the rental prices are even lower, starting at 6k or something like that. Berrumguda, Dilsukh Nagar, Nagole, and Mehdipatnam are a few other economical options. Bowanpally, D.D. Colony, Amarpreet, Rajender Nagar, and Attapur Ring Road too have rental properties that suit the budget of a user from middle-class segment.

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Hyderabad Real Estate Market Picks Up

Not only investors but realty players are also to make huge investment in Hyderabad real estate market. This city has been rose to prominence in the global realty market over the years and the credit goes to the administration and government measures. The state government are bringing new infra projects to make the city a prospective investment destination.

With the commercialisation and housing projects coming up, the city is seeing a rise in the demand of the apartments in Hyderabad. Realty developers are upbeat over the demand of the properties and expecting good returns. The demand of housing units is increasing in the city with the growing flow of migrant workers and expats. The IT sector is attracting professionals which in turn are creating the demand for housing. Moreover, with the increasing demand the rentals have also surged across all market.

Experts believe that both demand and competition for residential rent house in Hyderabad has infuriated with the entries of nationalized banks who are trying to woo home buyers with quick and simple finance norms, attractive interest rates and freebies. Many banks and developers are even ready to waive the processing fees to attract end users and investors. In many cases, the offers and schemes vary with respective to areas and locality.

The trend to buy homes has also changed a lot. Smart home buyers while making a decision to buy home are take the help of realty portals instead of real estate agents. With the click of mouse, they can easily find information pertaining to prices, locations, developers, interest rates, fiscal sops and off and on freebies like no processing fee which can be crucial factors in making the crucial decision. For example, thousands of home buyers and investors visit Makaan.com, a leading realty website that connects home buyers and sellers, to find the trending prices of real state Hyderabad and major cities across the country.

Hyderabad is not only a favorite residential destination to live in but also highly preferred by corporate for its affordability. According to a property site report, the city is in the list of world's top 10 most affordable office markets.