Introduction
Hyderabad is one of the fastest-growing cities in India. It is not just known for its food or culture but also for its IT industry and great lifestyle.
This brings us to an important question: Is investing in Hyderabad Real estate worth it? Absolutely! Here’s a post that highlights why Hyderabad’s Real estate is very much in demand.
Overview of the Current State of the Property Market in Hyderabad
Hyderabad’s real estate market has been robust for quite some time. The residential sector is showing considerable growth. In March 2023, homes worth 3,352 crore had already been registered in Hyderabad. This includes the prime districts of Hyderabad, Rangareddy, Medchal-Malkajgiri, and Sangareddy. This shows that Hyderabad’s Real estate growth is considerable, and it is likely to be this way in the future too.
Prime Locations in Hyderabad For Real Estate Investment
When it comes to prime locations in Hyderabad, Banjara Hills tops the list. It is located on the North-West side of the city. The area is peaceful despite being near the city’s hustle and bustle.
Locals can enjoy the shopping complexes, eateries, and other tourist spots.
The second option is Jubilee Hills. But this one is an expensive locality. You can check the secondary market to find homes here because the deals are rare. Buyers can find a plush home here if they have cash to spare. It is indeed a popular Residential area in Hyderabad.
Manikonda and Gachibowli fall next in line. These are posh neighbourhoods where you can purchase a plush apartment with all the amenities.
If you are looking to buy a house in an emerging locality, Kokapet apartments are also grabbing a lot of attention. It is near hospitals, schools, and shopping complexes. Ocean Park is very close to Kokapet, so both adults and kids will have a good time living here.
Latest Trends and Developments in the Hyderabad Real Estate Market
If you are thinking of investment opportunities in Hyderabad, now is the right time.
The COVID times are finally history, and the real estate market in Hyderabad has been able to restore the faith of investors.
In 2023, the focus will be more on affordable and sustainable housing. You will find many developers coming up with new residential projects.
And yes, there are many apartments in upcoming areas where you can purchase affordable apartments.
Price Trends and Affordability of Properties in Hyderabad
Property prices in Hyderabad have gone up in the last five years. The property prices are expensive, but it also depends on where you purchase the house.
Gachibowli, Manikonda, and Jubilee Hills continue to be expensive, but there are other upcoming spaces where you can purchase affordable apartments. Rentals continue to be very expensive in the top areas. It might even go up to Rs. 4.5 lakh.
Kokapet has some good apartment options where you could buy a flat starting at 85 Lakh. If you are looking for a very comfortable apartment with all the amenities, then it could cost up to Rs. 2–2.5 crore.
Kondapur is another popular locality where you would find homes within the range of 1.5–2 crore. Kukatpally has flats ranging from 45 Lakh to 1.5–2 crore.
While all these areas are garnering attention, it is up to you where you want to invest. It’s all about personal preferences.
Growth and Expansion of the Real Estate Sector in Hyderabad
Builders and developers in Hyderabad are now seeing an opportunity to sell their apartments, considering the COVID scare has come to an end.
Many people are moving to Hyderabad to settle down, find jobs, etc. And there are others who want to move up the social ladder and live in plush apartments with all the amenities. So, there is a chance that new projects are underway, and some have already been completed.
Investment Opportunities in Hyderabad’s Real Estate Market<
If you want to invest in residential spaces in Hyderabad, this is the right time. The price may go up in the future, but at this point, new residential projects have excellent deals.
You can embrace this opportunity and purchase an apartment. Renting it out will allow you to have an additional income, considering some posh localities have high rental possibilities.
Popular Residential Area in Hyderabad
Like we said, Hyderabad has many areas where you can find all the basic amenities. You can buy an independent house in Jubilee Hills, Gachibowli, Banjara Hills, etc. These are the prime locations and the best areas to invest in Hyderabad. Hold that thought, though!
But then there are other localities such as Kokapet, Kondapur, and Kukatpally that are trending. People enjoy apartment living these days, so you can find 2 or 3 BHK homes easily within an affordable range in these localities.
Renowned Builders and Developers Operating in Hyderabad
Aparna Constructions, Modi Builders, Shri Aditya Homes, Bhashyam Projects, Shanta Shriram, Legend Estates, and Prajay Engineers are some of the renowned Builders and developers operating in Hyderabad. The Hyderabad property market has seen man
Conclusion
Purchasing a house in Hyderabad can be lucrative. Even if you are an NRI, there is an investment opportunity here. Many people purchase an apartment or a house and put it on lease. It gives them an earning opportunity.
Nonetheless, Hyderabad is a great place to live, and many housing projects are coming up, so this is a great time for investment.
Frequently Asked Questions
1. Which are the best areas in Hyderabad for real estate investment?
The best areas in Hyderabad include Gachibowli, Banjara Hills, Jubilee Hills, Kokapet, Kukatpally, and Kokapet.
2. Are there any government policies or incentives available for real estate investors in Hyderabad?
Yes. In most states, 1% is charged as the registration charge. But buyers have to pay a 2% registration charge in Hyderabad. In case the house doesn’t fall under a gram panchayat area, the registration charge is 0.5%.
3. What are the types of properties available for investment in Hyderabad?
You may invest in 2, 3, or 4 BHK flats or apartments or purchase an independent house. Apartments are trending today.
4. How can international investors invest in Hyderabad Real estate?
Necessary documentation is required, such as a PAN card, and along with that, there will be a power of attorney. And of course, their passport and address proof will also be necessary. NRIs are interested in purchasing properties in Hyderabad, so it is possible provided they fulfill all the legal requirements.
5. How can I find reliable real estate developers or agents in Hyderabad?
You may do a Google search of the best developers and real estate agents in Hyderabad. Reviews, ratings, and testimonials will help you find the most reliable and best professionals.