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.

Market Scenario for a Two Room House for Rent in Hyderabad Properties

Much ruckus was created before Telangana was created, and Hyderabad city found itself in the middle of different type of speculations. While several trade pundits predicted the rental market in the city to go only in one direction, i.e. down, the scenario post Telangana is indicating quiet contrary. After the division, the rates of rental properties escalated, especially in South Hyderabad. Over areas like Gowlipura and Lala Darwaja, the rental prices have almost doubled. Though in localities, rental rates went down, 2014 is expected to see in overall appreciation.

To know of the rental price trends, consider a 2 BHK apartment. Among the budget localities come names like Ameerpet, Begumpet, Boduppal, and Beeramguda. A hire a two room flat across these localities, a tenant may need to pay rent in 3-5k range. The monthly rental in 6-10k price bracket is prevalent in Tolichowki, Bachupally, Bowenpally, Lingampally, Madinaguda, and Nizampet. The other areas where the rental rates of properties in Hyderabadare almost similar are LB Nagar, Mehdipatnam, Madhapur, Himayath Nagar, Malkajgiri, and Domalguda. Some prime locations such as Gachibowli, D D Colony, KBHB, Miyapur, Kondapur, and Ameerpet too offer rental properties in this price bracket. A house for rent in Hyderabad with rental range 11-15k can be searched across S R Nagar, Hi-tech City, Srinagar Colony, Banjara Hills, Jubilee Hills, Nallagandla, Panjagutta, and Narsinghi

As far as average per square feet rate of rental properties in Hyderabad localities come with different values. While Banjara Hills, Gachibowli, Hitech City, Jubillee Hills are some of the expensive places to live at, and the psf rates across these are high: 14-18/ sq. ft. D D Colony, Ameerpet, Begumpet, Miyapur, Malkajgiri, KBHB Colony, Kondapur, and Kothaguda carry average psf rates in 8-14/ sq. ft range. The population boom over Hyderabad's Inner Ring Road(IRR) has attributed to the rise in rentals in Banjara Hills, Attapur, Begumpet, LB Nagar, and Nagole. The recent widening of IRR further gave a boost to rental rates in the areas lying on its either side. Areas around Charminar too have undergone price appreciation of their rental properties. To hire a rental property in Darulshifa, Khilawat, and Pathergatti, a tenant may have to pay rental in 6-10k bracket.

How does a 2 BHK House for Rent Fare in Localities of Hyderabad Real Estate?

The city of pearls, Hyderabad, is the highest contributor to GDP of Andhra Pradesh. Base to several global conglomerates which includes pharmaceutical companies and IT/ITeS firms, the city is a lucrative investment option. It is the multitude of employment opportunities that a good number o expatriates flock to this city every year. Rental houses cater to the residential requirements for these expatriates as well as for its own population. Living on a rental space is more affordable than buying a house of one's own. Lets; have a glimpse of rental properties are faring across its different localities.

Amidst all the muddle created by Telangana issue, Hyderabad real estate scenario did not show any significant improvement. In fact, as the consumer sentiments were largely on negative sides, the rate of rentals dropped in several prime localities of the city. In the last quarter of 2103, areas like Srinagar colony, Jubillee Hills, Madinaguda, S R Nagar, and Hi Tech City witnessed a Q-o-Q fall of 6-9% in rental rates. The fall was steeper for rental apartments in Somajiguda, Miyapur, and Nizampet.

As far as psf(per square feet ) rate for a house for rent in Hyderabad is concerned, S R Nagar, Manikonda, Attapur, Nizampet, and Miyapur have the average value zeroed to 8-10/ sft. The rates are more in high-end colonies like Jubille Hills, Kondapur, Somajiguda, Hi Tech City, Begumpet and Gachibowli. In these areas, the average psf rate is centered around 11-15/sft and above.

Let's now have a look at the monthly rentals that are prevalent across different localities of Hyderabad. The options, i.e. where a 2 BHK house on rent is available at modest prices are Ameerpet and Begumpet. A tenant can expect starting prices for two room apartments valued at 3-5k bracket. In higher segment, 5-8k, the available options for rental flats are Madinaguda, Kukatpally, Bowenpally, Tolichowki, Gachibowli, and Kondapur.

In 9-15k rental bracket come the names lie Himayath Nagar, KPHB, Miyapur, Jubilee Hills, Madhapur, and Banjara Hills. JNTU and Chand Nagar too offer 2 BHKs in the same range. Inspite of the affordable starting prices, the rental rates in some of the prime locations such as Gachibolwi, KPHB, Ameerpet. Jubillee Hills, Banjara Hills, and Miyapur offer pricey options too. For example a two bedroom flat on rent in Kondapur can cost a tenant monthly rental up to 75-80k. In Banjara Hills and Jubillee Hills, one can find well-furnished apartments with rental price up to 25 k.

As the Telangana issue subsidizes, the rental rates for properties in Hyderabad are expected to see a price appreciation.

Hyderabad Offering Multiple Options to Tenants for Hiring a 2 BHK House for Rent

The strong presence of IT industry and availability of good infrastructure have played a great role in attracting tenants from other cities to Bangalore, to hire rental spaces here. For the local residents, who belong to middle-segments of society, the rental houses offer a good option. The rates for properties have started seeing a hike post Telangana issue, and this would have direct effect on rates for rental homes too. In this blog, we are going to see how the rates for 2 BHKs are faring in different parts of the city.

To hire a 2 BHK rental house in Hyderabad, you need to find the localities that offer the type of houses that are looking for. Let's consider first Secunderabad; the hot localities that are generally preferred for hiring on rent include Sainikpur, Trimulgherry, Bowenpally, Hasmatpet, Paradise Circle, Lothkunta, and Kompally. The rental rate for a two-room property in these localities varies from one place to other.

Next comes Hyderabad city itself. The properties in Hyderabad in various localities like Nallakunta, D.D. Colony, Miyapur, Begumpet, varies in the range Rs. 7k-20k. Some other budget options like A.S.Rao Nagr, Dilsukh Nagar, Jubilee Hills, Kondapur, and Madhapur, however, have the higher rates, as high as 40-45k. Yellareddy Guda, YousoufGuda, Moti nagar, Manikonda too are the pricey options.At ECIL, Dammaiguda, Kothapet, Anand Bagh, and Rajender Nagar cater to rental needs of lower-income group.

Post Telangana, the property rates for a house for rent in Hyderabad are expected to increase. The prices had been stagnant from almost 4-5 years. But as the issue subsides, the realty market is expected to pick up. If that happens, then the probability of the rental spaces too becoming pricey shall increase. Indian economy is also going through an economic crisis, with the currency value already depreciated much in comparison to dollar.

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.

Search for a house for rent in Hyderabad over the real estate portal, Makaan.com. The website allows searching of properties PAN India and helps you locate the one that falls within your budget. Get to know the price trends for properties in Hyderabad and be informed of the changes taking place in the realty market.

Different Alternatives Available for a House for Rent in Hyderabad

The city contributing highest to the GDP of Andhra Pradesh, better called the “City of Pearls”, is Hyderabad. Being a leading credit center of the country and a major hub of IT/ITeS companies, the city's economy has a strong foothold. The realty sector too has grown substantially here and in spite of the recent division of the city, the property market, here, has been doing well. As far as rental property in Hyderabad is concerned, it too is faring well, at least in some of the localities. The appreciation in rental rates in areas like Gachibowli, Hitech City, Kondapur, Manikonda, and Miyapur is a clear indication of that.

The localities like Gachibowli, Jubilee hills, Kondapur, Begumpet, and Banjara Hills offer rental properties that can cater to the needs of people from different income segments. So, a 2-BHK house for rent in Hyderabad in an area like Gachibowli can cost you around 12k/month, while the same can cost around 30k, for better amenities and state of furnishing. Similarly, at Kondapur, you can find residential properties ranging between 12k and 25k. At Ameerpet too, an unfurnished 2 BHK is available at a monthly rental of 5k, while a fully furnished one, occupying the same per sq. ft. area can cost you up to 13k.

Apartments in Hyderabad is available in different price segments; it depends upon the type of location and the amenities offered to the users. The rental rates falling in the bracket of 11k-20k are commonly found in localities such as Begumpet, Madhapur, Jubilee Hills, KPHB, Nallaganda, Srinagar Coloney, SR Nagar, Ameerpet, and Moti Nagar. The rates at most of these places have seen a good appreciation in the first quarter of 2013, if compared to last year. For instance, Miyapur has seen a rise of about 11% in the rental rates. At Ameerpet, Srinagar Coloney, and SR Nagar, an escalation of 5%, 7%, and 11% , has been witnessed, in that order.

For users who are looking for a rental property in Hyderabad in higher price segments, there are several options like Kondapur, BHEL, Jubilee Hills, where well-furnished flats can be hired on rent. BHEL is one of those colonies where a 2 BHK carries the monthly rental rate as high as 2.5 lacs! The locality is popular among the elite class who have enough disposable income to pay such high rentals.

So you see, tenants have so many options to choose from. Depending upon their budget and locality preference, they can make their choice. Going for a locality that has good connectivity.

Makaan.com is a property portal, one of the fastest growing ones, where you can buy, sell or rent properties. Lacs of properties are available across different cities of India and can be chosen depending upon criteria like location, price, age, and state of furnishing.

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.

Makaan.com, a property portal for buying/renting properties online, lists lakhs of residential and commercial spaces in different cities across India. Choose property as per your budget and other preferences like amenities, age of construction, and state of furnishing.