Whenever we talk of real estate in Hyderabad, all our attentions are diverted to the issue of Telangana. The proposal of bifurcation of the city and carving of a new Telangana has already been the hot topic of discussions of realty market discourses. Though the property prices are currently low, CREDAI (Confederation of Real Estate Developers Association of India) has expected the market to rise and shine in the coming months. The bickering over the creation of an all-new state had made the prices see a dip. But as the issue is expected to come to a resolution, agreeable to the majority, the rates shall indeed escalate. The rates of rental properties too shall follow the suit and see an appreciation.
As the property in Hyderabad steps up, the rental rates too shall increase. In the current quarter (June-Sept), the prices of rental houses have already appreciated. In Kukatpally, Madinaguda, S.R Nagar, an appreciation of 10% has been witnessed. On the same lines, in Ameerpet, Banjara Hills, and Gachibowli, the rental prices have gone up by 7-9%. The demand for rental homes is more in these localities. Chandanagar and Manikonda are the areas where the rates have plummeted. A fall of 9-10% has been seen in these two localities in the current quarter. Same is the case with Nizampet where the tenants would now have to pay 13% more rent on hiring a space on lease.
If psf (per square feet) rates are talked about, a rent house in Hyderabad comes at different values. The localities where these rates are higher include Banjara Hills, Jubillee Hills, Srinagar Colony, Filmnagar, Gachibowli, Hitech City, and Somajiguda. The stronghold by IT sectors in these areas is the prime reason for high demand for rental houses. This, in turn, lets the landlords raise the rates. In these areas, the average psf rates here vary between Rs.15-17/- In the rental range 11-13/- sq. ft. come the colonies like KPHB Colony, Kukatpally, Madinaguda, S.R.Nagar, Ameerpet, and Begumpet.
To elaborate more on the rental rates, let's us consider a 2 BHK Independent House/Villa in different parts of the city. The monthly rental for such a property in Bandlaguda, Tukaram. Saimurthi Nagar, Manikonda, Miyapurm Attapur, Anwal, and A.S.Rao Nagar varies between 6-8k. However, at Bowenpally, Kothapet, Balanagar, and Tulsinagar, the tenants should expect the monthly rent between 10-20k. APPA Junction and Damnaiguda are the two localities where two-room Independent houses can be available at a mere 3-4k rental rate.
As the property in Hyderabad steps up, the rental rates too shall increase. In the current quarter (June-Sept), the prices of rental houses have already appreciated. In Kukatpally, Madinaguda, S.R Nagar, an appreciation of 10% has been witnessed. On the same lines, in Ameerpet, Banjara Hills, and Gachibowli, the rental prices have gone up by 7-9%. The demand for rental homes is more in these localities. Chandanagar and Manikonda are the areas where the rates have plummeted. A fall of 9-10% has been seen in these two localities in the current quarter. Same is the case with Nizampet where the tenants would now have to pay 13% more rent on hiring a space on lease.
If psf (per square feet) rates are talked about, a rent house in Hyderabad comes at different values. The localities where these rates are higher include Banjara Hills, Jubillee Hills, Srinagar Colony, Filmnagar, Gachibowli, Hitech City, and Somajiguda. The stronghold by IT sectors in these areas is the prime reason for high demand for rental houses. This, in turn, lets the landlords raise the rates. In these areas, the average psf rates here vary between Rs.15-17/- In the rental range 11-13/- sq. ft. come the colonies like KPHB Colony, Kukatpally, Madinaguda, S.R.Nagar, Ameerpet, and Begumpet.
To elaborate more on the rental rates, let's us consider a 2 BHK Independent House/Villa in different parts of the city. The monthly rental for such a property in Bandlaguda, Tukaram. Saimurthi Nagar, Manikonda, Miyapurm Attapur, Anwal, and A.S.Rao Nagar varies between 6-8k. However, at Bowenpally, Kothapet, Balanagar, and Tulsinagar, the tenants should expect the monthly rent between 10-20k. APPA Junction and Damnaiguda are the two localities where two-room Independent houses can be available at a mere 3-4k rental rate.