Hyderabad is one of the favorite destinations for people who work in the IT industry in India. With all the facilities such as public transportation facility, metro connectivity, international schools and airport, Hyderabad is definitely one of the best options to invest in. This city is also known for its development and improvement in the field of technology and this is why Hyderabad is also called as “Cyberabad”. This place has emerged as the ‘numero uno’ city in India as it offers the best quality of living standards. There are ample options of standard lifestyles and new properties that attract buyers to this city.
Current Price Trends
Hyderabad has gained a fast momentum as a profitable residential option for many individuals given its high quality of living. Hyderabad has also progressed in other sectors like the biotech and pharmaceutical industries in addition to the IT industry. Current price trends of Hyderabad shows the overall direction of the real estate market. These price trends help investors to know if it is the right time to buy or sell a property in Hyderabad.
- The property prices in Hyderabad start from around Rs. 1.23 lacs while the average price of the properties stands at Rs. 62.83 lacs.
- A total of 140 localities in Hyderabad show an upward price trend whereas 75 localities witness a downward trend. In short, Hyderabad has faced an upward price trend since the last six months.
- There are several websites which provides detailed information on the price trends available for properties that are up for sale in Hyderabad. It is quite difficult to predict when a locality in Hyderabad will hit the lowest price point.
Property Rates of Various Cities in Hyderabad
Locations such as Hitech City, Gachibowli and Kukatpally are the main spots of investment for retail investors, corporates and institutional investors which present huge opportunities.
Gachibowli is a growing technology hub which attracts young professionals with its number of ongoing and upcoming residential projects. The residential property rates fall in the price range of Rs. 3,000- 5,200 per sq. ft. The rentals are on a higher side of Rs. 11000- 18000 per month. The key factor that drive the growth here are its proximity to the IT hubs, good educational institutions and great connectivity to all nearby locations.
The next residential location – Manikonda is an end- user driven market. The property prices in Manikonda are within affordable range and have an easy connectivity to the IT hubs of Madhapur, Hitech City and Gachibowli. The property price rates fall within the range of Rs. 2,400- 4,000 per sq. ft. whereas the rental values fall within Rs. 9,000- 15,000 per month. Consumers have an easy access to the outer ring road and can access the airport as well as railway station easily.
Kondapur is another such residential location which is surrounded by IT hubs like Hitech City and Gachibowli. It is an ideal residential destination for IT professionals. The property rentals fall within the range of Rs. 11,000- 17,000 per month. This infrastructure is completely efficient with a huge number of schools, supermarkets and hospitals. Crowded with multi- storey apartments along with semi-luxury and luxury options, Kondapur is one of the best residential areas that is preferred by most buyers.
Another residential location – Chandanagar has both residential as well as commercial centres. The properties here range from Rs. 2,500- 4,200 per sq. ft. while the rental prices are within the range of Rs. 9,000- 16,000 per month. Due to good connectivity and affordable rates when compared to other IT hubs in Hyderabad, this residential area is preferred by many government employees, retired people and IT professionals as well.
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