Hyderabad Real Estate

Hyderabad is the latest destination for corporate, multinational companies and educational institutes, and, hence, the value of property in Hyderabad is appreciating exponentially. If you are confused on issues pertaining to buying or owning a flat, and are wondering if it is the right time to build house, read on to know what the realty market condition in Hyderabad really is.

Hyderabad is the ideal place for investments, be it for residential or commercial purposes. The city has recently become the new hub for multinational corporations and tons of Indian corporate giants, like Infosys, TCS and Wipro. The city has an impressive infrastructure when compared to other cities of Southern India. Moreover, the climate is moderate, which attracts people from other states to come and reside in.

With the inauguration of world-class international airport in the city, the real estate sector in Hyderabad has changed radically, and people invest here just because the city promises growth and high returns to the investors. Moreover, in the past, 2 million dollar deals between JM Financial and Maytas Properties, Deustche Bank and Golden Gate Properties have realized in the real estate zone of AP. The city has the potential to attract investors from across the world, which is why we see a good number of NRIs fascinated by and indulging into buying properties in Hyderabad, at the moment.

Property Prices in Hyderabad

The price of a 2BHK flat/apartment in Uppal Mandal, Hyderabad, amounts to Rs. 2170 per square feet, which would sum up to around Rs. 25 lakhs. A residential apartment in Gachibowli costs Rs. 2000 per square feet, while the rates in Manikonda have gone up to Rs. 2300 per square feet.

Residential land near airport road costs Rs. 1700 per sq. ft., and the price of an independent house will cost in the range of Rs. 2750 per sq. ft.

A 1250 sq. ft. office in Green Lands would cost you somewhere close to Rs. 90 lakhs, while a 900-1000 sq. ft. commercial office space in Jubilee Hills is priced at approximately Rs. 70 lakhs. If you want to invest in commercial showrooms at Gachibowli, you’ll have to pay Rs. 6000/sq. ft., and little lesser (about Rs. 4750 per sq. ft.) for Kondapur commercial showrooms.

Major Projects in Hyderabad

A 3BHK super luxury apartment is being developed by Sri Ram Builders and the cost of a 1575 sq. ft. 3BHK flat with 3 attached bathrooms is around Rs. 87 lakhs. The flat is located just 3 kms. away from the railway station, near to cinemax banjara hills, justifying the high price tag attached to it. 2BHK flats of 885 sq. ft. are being offered at Balaji Residency at a super attractive price of just Rs. 16 lakhs.

Akshay Fortune flats are yet another example of fine construction, blended with quality residential amenities, and rendered at competitive price. 930 sq. ft. 2BHK flats are available for Rs. 20 lakh, while 1250 sq. ft. 3BHK rooms cost close to Rs. 30 lakhs. So, they are, once again, great investment opportunities for working professionals.

At present, there are more than 50 new projects under construction at various regions of Hyderabad. All you need to do is make smart choices to get maximum returns for your investments.

Dealers in Hyderabad

Mr. Square Feet is a professionally managed private real estate company that is located in Greater Hyderabad and Secunderabad. They deal with residential, independent villas/houses, commercial properties, land, and all others types of properties in Secunderabad and Hyderabad.

Sri Bhagyalakshmi Property Solutions deals with residential flats and independent house/villa, and, on an average, about 25-30 properties are always listed with them.

Karvy Realty Limted, India, is also engaged in real estate in Hyderabad, while Remax Property Champion located at Jubillie Hills, Hyderabad, maintains its focus on residential properties.

Venkusa Estates deals with high value clients, and deal in both commercial and residential property projects in Hyderabad.

The western part of the city is doing exceptionally well on the real estate front, including Tellapur, Narsingi, Gachibowli, Srisailam and Nanakramguda. The outer ring road has well established connectivity with other zones; this has beneficed Hyderabad with a positive impact on real estate in Hyderabad. As soon as Telangana issue gets over, there would certainly be a much higher demand for Hyderabad properties, and new developments would start attracting buyers.

At this time, you may be skeptical about investing in the Hyderabad real estate market due to commotion caused by the Telangana issue, but it is a great time to invest in property since the rates would touch the sky in no time once everything is settled!