Cyberabad better known as Hyderabad, or maybe it’s the other way around, is the capital of Telangana and one of the major cities in South India. With good reason it is famous for its information technology sector with most of the world’s top technology companies present in the city. Companies like Qualcomm and Google have or soon will have a presence in the city.
What has this done to the price of property in Hyderabad? Well what you would expect, the price of real estate in the city has appreciated significantly over the past 10 years.
As one of the oldest business districts in Hyderabad, Abids has seen extensive growth and development over the past few years. It is a prominent business hub as well as a top residential center in Hyderabad. Although a great central location much of the property in the locality is available either as plots or builder floors.
Another attractive location to buy property in Hyderabad, Bagampet has grown in importance in the past few years due to the presence of a large number of MNC’s in the area. Much of the housing in this part of the city is upmarket; projects by builders such as Vermont are priced to sell at over 2 crores. One such project at Begumpet offers apartments in Hyderabad at sizes ranging from 2400 square feet to 3800 square feet.
Among upcoming projects in Hyderabad is one by top builders Raam Developers. It offers 3 BHK flats under new bookings for less than 1.1 crores. The resale price of this property has mildly appreciated and the project is slated for completion by December of next year.
Miyapur, another post Hyderabad address has large numbers of flats for sale, most priced under 1 crore. One such society by SMR Holdings offers 2 to 3 bedroom flats ranging from 45 to 65 Lakhs, though the property may have depreciated in value over the past year, this may only further enhance its prospective as an investment destination for speculative buyers.
If the buyer is interested in affordable housing in Hyderabad, then a development by Yashoda completed last year may be suitable. Located once again at Miyapur, the society offers 3 bedroom flats ranging from 34 to 38 Lakhs. The property has already appreciated by 5% since its completion
For a lover of luxury who seeks out only the best, but still has his feet on the ground, a very suitable development at Kukatpally by Ramky may be appealing. The society offers customers 3 to 4 bedroom villas at prices ranging from 2 to 2.5 crores.
Even though property in Hyderabad has everything suitable for a variety of homebuyers, it still offers property priced at rates far below those in other parts of the country. In addition, the city has a greater skew towards consumers who to own plots than most other burgeoning cities in India do. Whatever your preference you may seek it out here, the city offers some of the most affordable housing in India with even luxury flats in Hyderabad priced over 5 crores not as common as in other parts of the country.