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.

Hyderabad Property Infographics

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Plummeting Economy has not Effected Rates of Properties in Hyderabad

According to the Residex value by NHB(National Housing Bank), there are twelve Indian cities where residential rates have appreciated by 12%. One of these is Hyderabad. In the third quarter, i.e. Jul-Sep, this city saw an escalation of 5%. Hyderabad, akin to other tier-I cities, is undergoing plummeting in the overall demand, yet the prices have not got down that low. During the same quarter, the Residex of the city was reported at 88; the value was 84 in Apr-Jun quarter.

Properties in Hyderabad, in the western region, have been in news since they were allotted 3 million square feet of office space. Such a whopping addition would be a boosting factor for city's real estate market. This could also result in further increase in the capital rates. The rental rates in West colonies are already more than that in other Indian cities; standing at an average of 40/sft Over past 12 months, the rental rates here too have followed the suit.; they have escalated by 12% over this period. With the allocation of extra land, the western part shall see booming of more IT companies; thus generating more employment opportunities. That would mean that more population will commute from other parts of the city to here.

 

Apartments for sale in Hyderabad are witness to the set-up and commendable growth of IT companies and business centers. Localities like Jubilee Hills, Banjara Hills, Hi-Tech City, YusufGuda, and Kukatpally have already established themselves as nerve-centers of software sector. If compared to the colonies of East Hyderabad such as Uppal, Dilsukhnagar, Bahadurguda, and Malkaj Giri, the western locales have done far better in terms of IT/ITeS sector. Establishment of an IT investment region worth 2,00,000 crore is also on cards. This will be like a shot in the arm of western part.

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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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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.