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Real Estate Market in Hyderabad

 

The real estate market in Hyderabad is augmenting day by day and more since the end of 2008. Recovering from a slum phase is not easy, yet the market has shown extensive growth when it comes to industrial infrastructural developments. Hyderabad is also called the ‘Pearl City of India’ and has a rich cultural heritage. The capital of Andhra Pradesh is one of the most excellent places to live in. Besides Bangalore, Hyderabad is also the growing IT hub in the country. The post-recession period is the prime time for purchasing land and homes in Hyderabad. Hyderabad real estate industry is flying at high pace. There have been fabulous improvements in both the residential and commercial sectors.

 

Economist has noticed that in the last six months India Real Estate has seen a tremendous improvement of about 30-40% in the year 2008-09. This is because many global corporate giants have selected the metropolitan cities such as Chennai, Bangalore and Hyderabad as these cities has excellent education system, transport system, and space for residential units. The standard of living could only get better here.

 

The government of Andhra Pradesh has taken several initiatives to make Hyderabad grow in to a modern city. The booming Hyderabad real estate has also brought good time for people residing there. Many people have paid few thousands on Hyderabad real estate believing high return on investment in upcoming future. Most people also buy property and rent it here as renting is best source of earning on real estate. It is also part of the affordable housing facilities in the state. The interest rates though may be little high, as the economic prosperity is the chief force for boom in Hyderabad real estate.

 

Real Estate Prices in Hyderabad

 

Hyderabad real estate prices may have faced stagnation prior to the onset of the recession, but the investments from the NRIs have particularly boosted the luxury homes segment. On the commercial front, the US firms have invested in the real estate market in Hyderabad. However, when it comes to buying a property generally one of the obstacles could be down payment.

 

The residential apartments are quiet affordable if they are not situated near the airport. On the Hyderabad University limits and the Kota bazaar region, there are cheaper home rates. AS Rao Nagar, Alwal, Bowenpally, Secunderabad has a growing number of housing projects having a rate of Rs 9.5 lakhs- Rs 15 lakhs on ownership.

 

Area in Hyderabad
Rental Rates
 
Ownership Rates
 
South Hyderabad
Rs 5,500- Rs 8,000. Bungalows are available with a price of Rs 20 lakhs minimum.
Rs 9 lakhs- Rs 50 lakhs
North Hyderabad- Begumpet, Ranugunj, Mettuguda
Rs 4,000- Rs 12,000 for 2 bhk and 3 BHK flats
Ownership rates vary from one location to another. There are affordable home projects costing just Rs 3.5-5 lakhs for 500 square feet

 

With the development of the HITEC Township that has state-of-the-art facilities called in Hyderabad, the place has emerged as one of best places for property investments in Hyderabad has increased two-folds.

 

Some of the well known housing developers in Hyderabad are-

 SRR Projects Pvt Ltd  Titus Properties  Rank Team Construction Pvt Ltd  Shathabdhi Township  Shantasriram Constructions The real estate in Hyderabad has also witnessed a price rice of apartments and rental properties both commercial and rental in the past few years. Yet there are places and locations where you can easily avail a 2 BHK flat with a budget of Rs 8-9 lakhs.