Hyderabad, being one of the most populous city of India needs a solid real estate market to meet the growing needs of its residents. Now, here comes the role of real estate developers and agents to be on their toes and fulfill the property needs of the growing population. The real estate market of the capital city of Telangana, aka Hyderabad is currently having a strong IT sector and witnessing several infrastructural developments. It’s real estate market is ready to boom like never before in the upcoming years. So, the wind is blowing favorably! All the potential investors out there must pull up their stockings and consult a reliable real estate company in Hyderabad to get a composite list of properties that suit their preferences and budgets. Here, we are doing our bit to assist you with the market trends, prospects, and top areas in which to invest in Hyderabad real estate.
Why invest in Hyderabad Real Estate?
There can't be just a single reason to invest in a property sitting on the prosperous land of Hyderabad. The reasons are indeed numerous! So, let's put light on a few of them.
Rapidly transforming infrastructure
The ever-expanding metro network, roadways, elevated flyovers, and IT parks are continually changing the landscape of this city. And now, with the Greater Hyderabad Municipal Corporation (GHMC) proposing 15 new projects under the Strategic Road Development Plan (SRDP) Phase-2, the real estate market will surely benefit. Other upcoming projects like Mumbai Hyderabad High-Speed Rail, Hyderabad Regional Ring Road, and others will boost the demand for land for sale in Hyderabad throughout the respective belts. Such developments will solve the traffic issues boost connectivity, thereby uplifting the overall real estate market. So, it's the best time to make the most out of this transformational phase by investing in the Hyderabad real estate market.
Commercial and IT Sector Boom
The strong-standing IT sector gives us a major reason to invest in the prosperous real estate market of Hyderabad. Often called a ‘Cyber City’, Hyderabad houses the offices of many tech giants from all over the world. As per the latest Hyderabad news, the commercial real estate market of Hyderabad has got a head start this year with four commercial leases signed in Hyderabad by MNCs such as Qualcomm India, LTI Mindtree, S&P Capital IQ and IBM India for a 5-year period. This will span a total of 87 lakh sq ft. and will lead to the registration of more properties in Hyderabad. The flourishing IT sector has led to an increase in demand for commercial properties for sale and rent in Hyderabad, mainly in areas like HITEC City, Gachibowli, and the Financial District.
Moreover, the government is set to open IT parks in 3 villages near Hyderabad, namely Bowrampet, Dundigal and Dommara Pochampally village. This upcoming project will soon be a reality and the villages will be ready to witness a gigantic demand for commercial and residential spaces.
High Return on Investment
The real estate industry of Hyderabad is indeed profitable for the investors. The appreciating property rates are accompanied with growing demand for flats in Hyderabad. This makes Hyderabad an ideal location for investment and encourages the generation of an asset for the future. Localities like Kokapet, Narsingi, Tellapur, Kondapur, Kompally, and Rajendra Nagar are seeing a high Return on Investment. These areas are dotted with several ready-to-move and resale flats in Hyderabad. So, don't miss this opportunity to appreciate your capital by investing in property for sale in Hyderabad.
Future Prospects of Hyderabad Real Estate
It won't be a misstatement to say that the real estate future in Hyderabad looks bright with the evolving IT sector, ongoing infrastructural developments, and creation of new residential units. With this, the overall prices will continue to rise especially in the housing sectors. The price rise is predicted to be around 7-10% for the next year. The developers are focussing more on the mid-segment keeping in mind the taste and preferences of this segment. So, be ready to witness many fully furnished flats for rent and sale in Hyderabad in the next 2 years. Moreover, buyers and developers are now getting more keen on buildings with green certifications like Leadership in Energy and Environmental Design (LEED) and the Indian Green Building Council (IGBC). Such certifications substantiate that the properties are being built by following sustainable and environment-friendly practices. Many areas like Kompally, Gachibowli, Uppal, and Tellapur will emerge as real estate hotspots in the next 2 years.
Current Market Trends in Hyderabad Real Estate
Currently, the real estate market of Hyderabad is seeing an increase in new residential units and office spaces along with a surge in property prices, new registrations, and rental rates.
In the current year, it showed a massive growth of 49% and marked its name in the list of top 8 major Indian cities with an extraordinary growth in the real estate sector. These positive signs indicate the prospective future of Hyderabad real estate. Currently, residential property buyers are more inclined towards buying a 2 BHK or 3 BHK flat for sale in Hyderabad. Moreover, several real estate agents and developers are focussing on the creation of affordable housing units to suffice the mid-segment.
As per the research by Anarock, there has been a sharp rise in new launches in Hyderabad with a total of 22690 units in the first quarter of this year. Hyderabad City witnessed a rise in residential property prices at the rate of 64% from 2019 to Q1 of this year. The areas of Kokapet, Medchal-Malkajgiri, and Rangareddy witnessing the sharpest rise.
It even marked a 21% increase in year-on-year registration of residential properties. This positively affected the city’s overall performance in the field of real estate with the price category of 25-50 lakhs topping the chart of highest purchase.
The rental rates have tremendously increased at the rate of at least 30%. This jump is sure to impact the pockets of tenants.
Top Areas for Real Estate Investment in Hyderabad
The propitious city of Hyderabad accommodates several areas for a profitable real estate investment. As an investor you can consider any of the top localities to buy a land or property for sale in Hyderabad, just give a call to a reliable ral estate agent in Hyderabad and explore the opportunity. Now, lets check out these real estate hotspot in each and every zone of this city-
South Zone
This zone is dotted with many prominent real estate hotspots like Rajendra Nagar, Shamshabad, Santoshnagar, Saidabad, Tukkuguda and others. With the presence of Rajiv Gandhi International Airport, PVNR Expressway, NH-7, etc., this zone is physically and socially well-developed. It is an adda of many commercial and residential properties for the investors to check out. With an average property price of Rs. 6095 per sq ft, buying a property in this area is highly profitable right now as this area recently witnessed a dip of 11.6% from last year. Grab this opportunity now and invest in a 2 BHK or 3 BHK flat for sale in Hyderabad. The future is expected to witness a major price appreciation in the South Hyderabad property market.
West Zone
This zone houses prominent areas like Kokapet, HITEC City, Tellapur, Narsingi, Gachibowli, and others. This zone is dotted with many gated community apartments. So, if you are looking for a flat for sale or rent in a gated community of Gachibowli or Miyapur in Hyderabad, get in touch with the top real estate agents in West Hyderabad. The average price of a property in the West zone is around Rs 8599 per sq ft. This area is well-connected via ORR and the connectivity will further boost after the completion of the proposed Mumbai Hyderabad High-Speed Rail Corridor. So, before such major developments happen, better invest in a property for sale in Hyderabad to fetch the maximum capital appreciation in the future.
North Zone
With an average property price of Rs 6485 per sq ft, the North zone is dotted with some major real estate localities. Some of them include Alwal, Suraram Colony, Begumpet, and Maredpally. This zone is categorized by high rental yields and capital appreciation with respect to the property market. The areas of Kompally, Nagpur highway, Shamirpet, and Qutubullapur are in the process of getting transformed into real estate hotspots by developers in Hyderabad. Being well-connected by Bolaram MMTS Railway Station, this zone is on its way to emerge as a complete package.
East Zone
Pocharam, Uppal, Habsiguda, L.B. Nagar, Nagaram, and Ramanthapur are highly sought-after by potential investors. This zone is dotted with many IT parks, residential complexes, and shopping malls. This zone offers a perfect blend of apartments, villas, independent houses, and gated communities. Well connected with the Metro and Roadways, the East zone is perfect for the working population as the residential units are built quite close to the office spaces. The average property price of this zone is Rs 6595 per sq ft.
Central zone
Last but not least, the Central Zone of Hyderabad accommodates several real estate localities. Some of them are Banjara Hills, Jubilee Hills, Himayat Nagar, Somajiguda, and others. This zone very well dominates the overall real estate market of Hyderabad city. This post zone of Hyderabad enjoys an average property price of around Rs. 7100 per sq ft. The commercial and residential property prices in this zone will continue to be appreciated in the upcoming years. So, it’s an attractive real estate investment option currently.
Types of Properties Available
This city offers numerous choices to investors. It is dotted with different residential and commercial property types to suit your requirements and budget.
Residential- Apartments, villas, vacant land, independent houses, and gated communities are popular residential properties in Hyderabad. You can choose the one depending on your family size, location, and budget. The top localities dotted with varied residential properties include Banjara Hills, Hitec City, Gachibowli, Ameerpet, Uppal, Begumpet, etc. Flats and gated communities form the major part of the residential real estate market in Hyderabad. The average price of residential properties in Hyderabad ranges from Rs 6400 per sq ft to Rs 6600 per sq ft. So, if you are planning to buy an abode in Hyderabad, give an insight into these figures and available choices to make the right decision.
Commercial- If you are planning to buy a commercial property for sale in Hyderabad, several choices are there to explore. The city accommodates office spaces, retail shops, shopping malls, warehouses, commercial lands, etc. It even has many mixed properties that can be used in a combination of residential and commercial activities. Miyapur, Hitec City, Gachibowli, Kokapet, and Narsingi are afew commercial property hotspots in Hyderabad. The average property price of a commercial unit in Hyderabad is around Rs 10,819 per sq ft. So, give a thought to setting up your office at a prime location in Hyderabad and reap maximum benefits for your business.
Conclusion
So, with this we can come to terms that the city of Hyderabad is currently in a major transformational stage. It is soon expected to witness a sharp rise in the residential and commercial property prices and rental rates. So peeps, what are you waiting for? Now is the right time to make the most out of this current situation and invest in the real estate market of Hyderabad. It will be a decision that you will never regret. Just make an investment in the Hyderabad real estate market and brighten your future with capital appreciation.
FAQs About Hyderabad Real Estate
Question: What is the average flat cost in Hyderabad?
The average flat cost in Hyderabad is approx Rs 11,323 per sq ft. 1 bhk, 2 bhk, 3 bhk, and 4 bhk flats range between Rs 6400 to 9300 per sq ft.
Question: What are the flat registration charges in Hyderabad?
In Hyderabad, a stamp duty of 4% is levied on the property’s market value. Apart from this, registration charges of 0.5% and transfer fees of 1.5% are also charged by the Municipal Corporation.
Question: Where can I find resale flats in Hyderabad?
The prime locations to find a resale flat in Hyderabad include Gachibowli, Beeramguds, Tirumalagiri, Puppalguda, Adarsh Nagar, NH-7, Manikonda, and others.
Question: Is it better to buy or rent a flat in Hyderabad?
It totally depends on the individual preferences and financial goals. Buying a flat can provide you capital appreciation in future thereby building a fixed asset. And renting can be considered if your are not planning to be a permanent resident of the city and still unsure about long-term financial goals.
Question: How do I choose the right real estate agent in Hyderabad?
Check out their reviews on net, their experience, past deals, whether the agent is paying attention to every detail you provide, etc. By keeping a tab on all these factors, you will surely be able to choose the right real estate agent.
Question: What is the best time to buy a property in Hyderabad?
This moment is the best time to buy a property in Hyderabad. The real estate market is rapidly developing, so make the most out of it by investing in a property in hyderabad.
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10601/ sq.ft
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