Hyderabad Property: Hyderabad Real Estate

 

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Top Localities in Hyderabad

Gachibowli

 

Current Price Rs 4615
per sq. ft.

Miyapur

 

Current Price Rs 3075
per sq. ft.

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Hyderabad Property Latest Discussions

Sep 30, 2014

flat prices of Modi Rock Heights, Shamshabad

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Sep 30, 2014

investing in Shubha Gruha in Shadnagar

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Sep 30, 2014

Info on luxury apartment The Botanika in Gachibowli

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Sep 30, 2014

Investing in Ramky One Kosmos in Gachibowli

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Hyderabad Overview

  • Hyderabad lies in the south-west part of the South Indian state of Andhra Pradesh. It is the capital and the largest city in Andhra Pradesh. It is the fourth most populour city and the sixth most populous urban agglomeration in India. Hyderabad can be classified into five zones – North, South, East, West and Central.
  • Sultan Muhammad Quli who belonged to the Qutub Shahi dynasty was the founder of the city. He named the city Bhagyanagar after his beloved wife, Bhagyamati, in 1590. However, after entering the royal household, she embraced Islam and was rechristened Hydermahal. Consequently, the city got its second name, Hyderabad.
  • Hyderabad is also known as Cyberabad (Cyber city) considering that it is a renowned global center for Information Technology. City of Pearls is another sobriquet by which the city is known by as it has a flourishing industry engaged in the pearl trade. Besides, it was also the only global trade center of diamonds, until the 18th century.
  • Hyderabad has contributed substantially to the growth of the Indian economy. The city houses the largest number of Special Economic Zones (SEZs) in the country. Some of the major industrial sectors of Hyderabad are the traditional manufacturing sector, the Knowledge sector that includes the IT sector, and the Tourism sector. The Service sector is also an important contributor to the economy of the state.
  • Compared to most other cities, the real estate sector of Hyderabad has remained stable over a period of time. Hence it is considered an important realty destination for affordable housing. About 80% of the realty demand of the city is end-user driven. Some of the important public sector companies in Hyderabad are Bharat Heavy Electricals Limited (BHEL), National Mineral Development Corporation (NMDC), Hindustan Machine Tools Limited (HMT), Bharat Electronics Limited (BEL), Indian Drugs and Pharmaceuticals Limited (IDPL), Electronics Corporation of India Limited (ECIL), Defence Research and Development Organisation (DRDO) and Hindustan Aeronautics Limited (HAL). Besides, the pharmaceutical and electronic indusries, established in the city in the 1970s are also booming industries, lending the city the nickname 'Gateway to South-central India' due to their strategic location.

Demographics:

  • The population of Hyderabad was pegged to be 6,809,970 as per the 2011 census, which makes it the fourth most populous city in India. It is expected that the population of the Hyderabad Metropolitan area would be approximately 10 million by the end of 2013.
  • The population of the Hyderabad Urban Agglomeration is around 7,749,334, which makes it the sixth most populous urban agglomeration in the country.
  • The population density is around 18,480/square km.
  • A majority of the population consists of migrants from other parts of the country, which is approximately about 24% of the total population.

Information Technology:

  • Hyderabad comes immediately after Bangalore with regards to the number of IT companies that have been established here. Emphasis has been given to development of the IT sector in the city since the 1990s. Many software companies, Business Process Outsourcing (BPO) firms and firms providing technological and knowledge services have been set up in the city.
  • Currently, there are more than 1300 IT/ITeS companies established in the city, contributing 15% of India's and 98% of Andhra Pradesh's exports in the IT/ITeS sectors. Some of the major IT companies that have been established in Hyderabad include Tata Consultancy Services (TCS), Infosys, Accenture, Oracle, IBM, Verizon, Google, Hewlett-Packard (HP), Microsoft, Amazon, Capgemini, Cognizant, Genpact, Dell etc.
  • Large-scale investments have been made by constructing various IT campuses across the city to facilitate the growth and development of companies investing in the growth of the IT sector of the city. The HITEC City (Hyderabad Information Technology Engineering Consultancy City) is a major technology township that has been developed as the center of the information technology industry in the city. It consists of various campuses and phases, as well as residential areas for IT professionals, convention centers and malls. Besides, there are other areas like Gachibowli and Kondapur, which focus on the IT sector.

Connectivity:

  • The city connects other parts of Andhra Pradesh as well as neighbouring states through important roads like AH-43, NH-9, NH-7 and NH-202.
  • The Hyderabad International Airport, also known as the Rajiv Gandhi International Airport, is located at Shamshabad, about 25 km south of the city.
  • The Hyderabad Deccan Railway Station, also called the Nampally Railway Station, is located at Nampally, just about 3 km from the city center. The Secunderabad Railway Station, located 7 km north of the city center at Secunderabad, is another important railway station in the city. Besides there is also the Lingampally Railway Station located at Serilingampally, about 25 km west of the city center.
  • The city is also well connected through the sub-urban rail system or Multi-Modal Transit System (MMTS), providing first-class commuter travel. It has been developed as a joint venture between the Government of Andhra Pradesh and the South-Central railway.
  • The Andhra Pradesh State Road Transport Corporation (APSRTC) operates a fleet of bus services covering the length and breadth of the city. It is the state owned road transport corporation of Andhra Pradesh which maintains its autonomy with regards to the road transport service of the city.
  • The proposed Hyderabad Metro Rail is coming up in two phases. Phase I, being developed along three corridors, covering a total distance of 71 km, is expected to be operational by March, 2015.

Hyderabad Civic Administration:

  • The Greater Hyderabad Municipal Corporation (GHMC) manages the civic administration and infrastructure of the city, across 18 circles, covering 150 municipal wards. The GHMC was formed in 2007 by the merger of the Municipal Corporation of Hyderabad (MCH) with 12 municipalities of Hyderabad, Medak and Ranga Reddy districts, together covering a total area of 650 sq km.
  • The Hyderabad Metropolitan Development Authority (HMDA) is the urban planning authority of Hyderabad. It was formed in 2008 by expanding the Hyderabad Urban Development Authority (HUDA). The entire area of the GHMC as well as its suburbs comes under the purview of the HMDA. It extends to 54 Mandals across 5 districts, covering a total area of about 7,100 sq km. It is the second largest civic urban development area in India, after Bangalore Metropolitan Region Development Authority (BMRDA). Besides coordinating the development activities of the GHMC and the suburban municipalities, it also manages the administration of the Hyderabad Metropolitan Water Supply and Sewage Board (HMWSSB), the Andhra Pradesh Transmission Corporation (APTC) and the Andhra Pradesh State Road Transport Corporation (APSRTC).

Infra Projects:

Name of the project

Impact Areas

Expected Completion Date

Remarks

Metro Phase I

Connects areas across the city along three corridors (71 km)

March, 2015

World's largest PPP project costing over 17,000 cr

Remaining part of the ORR

33-km corridor connecting Shamirpet to Pedda Amberpet

July, 2014

Easy connectivity between NH-9, NH-7, NH-4 as also state highways,IRR, RRR, Int airport; dev of satellite townships

Hussain Sagar Lake and Catchment Area Improvement Project (HCIP)

Khairatabad, Himayath Nagar, Begumpet, Ramgopalpet

Ongoing; was last expected to be completed by March, 2013

Maintain water balance, improve water quality, improve lake env, potential for eco-tourism

Development of Inner Ring Road

Corridor between Reti Bowli to Uppal

End of 2013

50-km city arterial road for traffic de-congestion

Residential real estate market in Hyderabad:

  • The residential realty market which witnessed a prolonged slump since 2009 due to various factors like the global recession as well as the political uncertainty surrounding the bifurcation of the state is going through a gradual phase of recovery at the moment.
  • There has been a marked preference for multi-storey apartments in varying price ranges depending on the purchasing power of the buyer. Many areas on the west of Hyderabad like Gachibowli, Hitech City, Kukatpally, Madhapur and Chandanagar have seen increased demand due to their proximity to the IT hub, as well as other factors like excellent connectivity, good infrastructure facilities, and availability of residential property in Hyderabad at affordable prices etc.
  • Since Hyderabad has a sizable population of migrants, particularly IT/ITes professionals, the rental housing market is very prominent in the city.
  • As per the demand-supply trend in 2013, for residential apartments in Hyderabad, there is a supply of around 40,000 units, while the current absorption rate is only about 28,000 units, thereby resulting in a surplus of about 12,000 units.

Key Localities in Hyderabad:

Locality

Price per sq. ft. In Q3, 2013

Rent per sq.ft. in Q3 2013 (figures in Rs)

High

Low

Chanda Nagar

2900

10

10

Kukatpally

3730

11

9

Miyapur

3310

10

9

Gachibolwi

3910

16

14

Manikonda

2840

11

10

Uppal

2400

9

8

Appa Junction

2600

10

8

Begumpet

4460

14

13

Jubilee Hills

5280

15

14

Somajiguda

4690

16

13

Pocharam

2540

10

8

Secunderabad

2330

9

8

Charges by Government Body:

  • Property Registration:
    • Stamp Duty: 5%
    • Registration Charge: 0.5% of property rate
    • VAT: 5% (on agreement value)
    • Service Tax: 10% (on agreement value for under construction properties only).

Andhra Pradesh Central Power Distribution Company Limited (APCPDCL):

  • APCPDCL is responsible for catering to the electricity needs of seven districts in Andhra Pradesh including Hyderabad. The other districts are Rangareddy, Ananthpur, Medak, Kurnool, Mahabob Nagar and Nalgonda districts. APCPDCL is the largest of four power distribution companies in the state of Andhra Pradesh. The other companies are APEPDCL, APSPDCL and APNPDCL.

Hyderabad Electricity rates in Urban areas:

  • Rs. 1.45 per unit upto 50 units
  • Rs.2.6 per unit more than 50 units
  • Rs.3.25 per unit between 51 and 100 units
  • Rs.4.88 per units between 101 and 150 units
  • Rs.5.63 per unit between 151 and 200 units
  • Rs.6.38 per unit between 201 and 250 units
  • Rs.6.88 per unit between 251 and 300 units
  • Rs.7.38 per unit between 301 and 400 units
  • Rs.7.88 per unit between 401 and 500 units
  • Rs.8.38 per unit above 500 units

HMWSSB Hyderabad:

  • Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) takes care of the water supply, sewerage system and sewerage disposal of the Hyderabad Metropolitan area.

Hyderabad Water Charges:

Consumption
(in KL per month)

Domestic (in Rs)

Non-domestic (in Rs)

0-15 (slums)

7.00

NA

0-15

10.00

20.00

16-30

12.00

35.00

31-50

22.00

35.00

51-100

27.00

35.00

101-200

35.00

50.00

Above 200 – Entire quantity

40.00

50.00

GHMC Property tax:

  • The Greater Hyderabad Municipal Corporation (GHMC) Revenue department is in charge of assessment of properties for property tax and collection of property tax in the Greater Hyderabad Municipal Corporation.
  • GHMC has a Self Assessment scheme enabling property owners or occupiers to have an opportunity of indicating their own taxes. Property taxes can be paid through banks, Citizen Service Centres, e-Seva Centres and through the internet.

Hyderabad Real Estate Growth

Hyderabad city has a driving demand for real estate market. In the recent years real estate sector has shown growth with favorable factors such as: *Planned infrastructure growth and pushing capital values. *Launch of metro line with well connected networks. *Establishments of IT parks, educational institutions. *Top and class builders giving new shape to real estate market.