Where To Look For Property In Hyderabad?
Hyderabad is among the fastest growing real estate markets in the country owing to the emergence of IT and manufacturing sector here. Ample job opportunities and affordable property prices make Hyderabad the next best choice for young professionals.
The city has witnessed the highest sales annually in the fourth quarter of the financial year 2019 (Q4’19) at 26 per cent and also an increase of 13 per cent in property prices during the same period, according to the PropTiger.com data.
Hyderabad has some prominent localities that are a hit among investors as these promise attractive capital as well as rental returns. PropGuide lists five such localities which have been most searched on PropTiger.com.
ManikondaLivability score: 8.3
Average price: Rs 5,120 psf
A western suburb of Hyderabad, Manikonda is among the posh residential localities here. Located close to key employment hubs, including Hitec City, Jubilee Hills and Gachibowli, the locality is well connected through road to the rest of Hyderabad and Secunderabad. While railway station is 13 km from here, the international airport is nearly 30 km away. The locality has well-developed infrastructure, including prominent schools and healthcare facilities.
Property profile: Manikonda, the top most-searched localities in Hyderabad, offers a large number of options for investors to choose from. Of the 164 projects in Manikonda, 142 are ready for possession and 21 are under construction. The apartments here are available in 2BHK-5BHK configuration and their price varies between Rs 56 lakh and Rs 3.15 crore. The locality’s property prices have soared 39 per cent in the past six years.
KukatpallyLivability score: 8.8
Average price: Rs 5,374 psf
Located on the northwest of Hyderabad, Kukatpally is a mix of commercial and residential market, catering to the housing needs of those working nearby. The locality is also connected to some of the key areas in Hyderabad through the city Metro network, including Ameerpet, Miyapur and Victoria Memorial among others. The Kukatpally Metro Station lies on the Red Line of the Hyderabad Metro that became fully operational in September 2018.
It also lies close to other IT hubs such as Hitec City and Gachibowli.
Property profile: Kukatpally has the highest number of options available among the top five most-searched localities in Hyderabad with 180 projects. Of these 155 are available for immediate possession, 24 are under construction and there is one project that has been newly launched. Apartments in these projects are available in 2BHK, 3BHK and 4BHK configurations and their average price depending on their size ranges between Rs 56.5 lakh and Rs 2.17 crore. Property prices in Kukatpally have gone up by over 55 per cent in the past six years.
GachibowliLivability score: 8.3
Average price: Rs 6,319 psf
Gachibowli is among the key IT hubs in Hyderabad, located in the suburbs. The locality is also surrounded by other prime residential markets such as Hitec City, Manikonda, Kukatpally, Ameerpet, among others. The property prices here are among the premium in Hyderabad and going further these prices, once Phase-II of the Hyderabad Metro becomes operational, will soar. Gachibowli will be a part of the Line-V of the Hyderabad Metro which will connect the locality directly to the Rajiv Gandhi International Airport.
Property profile: Gachibowli has a limited number of projects that one could look at. Of the 75 projects here, 69 are ready to move in while the remaining six are under construction. These apartments are available in 2BHK-5BHK configurations with their average prices ranging between Rs 71 lakh to Rs 3.53 crore. Property prices in this premium market have gone up 40 per cent in the past six years.
MiyapurLivability score: 8.1
Average price: Rs 4,903 psf
Another locality lying on the Red Line of the Hyderabad Metro, Miyapur is a suburb located on the outskirts of Hyderabad. Owing to its affordable property prices, the locality is a choice of those who are looking for inexpensive property to rent or to buy. Most of these people are working in areas such as Gachibowli, Kukatpally and Hitec City. Miyapur, in the northwest, is the starting point of the Red Line of the Hyderabad Metro at the other southeastern end of the city.
Property profile: There are over 120 projects that an investor could opt for in Miyapur. Over 100 of these projects are ready for possession while another 20 are under construction. Investors get a wide range of property sizes in Miyapur ranging between 2BHK, 3BHK and 4BHK apartments. Depending on the size, the average price of these units ranges between Rs 56.3 lakh and Rs 1.36 crore. Property prices here have witnessed a 70 per cent rise in prices in the past six years.
BachupallyLivability score: 6.9
Average price: Rs 3,784 psf
Bachupally is an emerging locality catering to those looking for a property at affordable prices. Located in the northern suburbs of Hyderabad, the locality is still in the development stage with limited infrastructure. Bachupally is apt for those who could wait for a few years to earn good return on their investment.
Property profile: An upcoming locality, Bachupally has 59 projects up for sale. Of these 43 are ready for possession, 14 are under construction and two have been recently launched. The apartments here are available in 2BHK, 3BHK and 4BHK configurations with average prices of these ranging between Rs 42.3 lakh to Rs 1.15 crore. Property prices here have witnessed a 93 per cent rise in prices in the past six years.