What you must know about real estate in Hyderabad

The city of pearls is one of the fastest-growing cities in India. It is a metropolitan city located in the Deccan Plateau and is influenced by Nizams and South Indian culture. This city attracts people from all over India as there are plenty of employment opportunities. Hyderabad is spearheading towards development and so is the real estate of this region. This article aims to help you understand what it is like to invest in this city and which areas you should be looking into.

There are many things one should keep in mind while investing their money in real estate. And Hyderabad is surely one of the best cities to put your money into. You might want to keep in mind the amenities being provided in the area, locality, facilities in the vicinity and mode of travel. Most places have markets or supermarkets near them and few schools nearby.

Hyderabad is very well connected in terms of travel. You can easily find buses in most places. There are autos that you can hire to help you travel. You can also book app cab services. Metro Rail is one of the fastest ways to travel in the city and can save you a lot of time to and from work.

Rates of regions in Hyderabad

If you have an average salary, you can set aside 30-40% of your money to invest in upcoming projects or buy established property in the city. Hyderabad has an affordable property for every income group and you just need to look for one that suits your budget.

Here are a few rental figures on an average to help you figure out the cost of living for each kind of house. 

• 1 BHK apartment – Rs. 5000 – 17000

This would be ideal for someone living alone or if you have a small family. It is a great option for someone who is just beginning their life or someone who is looking for immediate accommodation. If you wish to buy such property it would range from anywhere between 20 lakhs and upwards.

• 2BHK apartment – Rs. 10000 – 29000

This is perfect for a nuclear family or if you are looking for an ideal house that you would like to convert to a home. They are easily available. Buying a 2BHK house would cost a minimum of 30 lakhs and upwards.

• 3 BHK apartment – Rs. 16000 – 44000

This is a lavish option and a good one indeed. Buying a 3BHK property in the main city costs a minimum of 40 lakhs and upwards.

• PG (Paying Guest) – Rs. 5000 – 18000

You can find working men’s and women’s hostels very easily in most regions around Hyderabad. They are well equipped and provide all facilities like hot water, internet access, and food cooked in a hygienic manner. You can also find curry points and food mess near them if you choose to eat different meals. Some of these rooms or flats can be availed on a sharing basis or you could book one solely for yourself.

Places in Hyderabad where you can invest

You can find affordable property for every income group in this city. Make sure to check out the available properties in the region before buying. Here are some places based on the price of real estate in that region-

• Expensive localities in Hyderabad-

Jubilee Hills

Banjara Hills

Gachibowli

Manikonda

Kukatpally

• Reasonably priced areas in Hyderabad

Madhapur

Begumpet

Somajiguda

Ameerpet

Uppal

Secunderabad

• Upcoming areas in Hyderabad

Tarnaka

Financial District

Nanakramguda

Yapral

Shamshabad

Serilingampally

If you are staying alone, you can easily find single room accommodation in places like Kukatpally, KPHB, Ameerpet, and Gachibowli.

You can easily find affordable property in Hyderabad, so make sure to look around. There are also many upcoming projects by builders and developers in various parts of the city. So do keep an eye for those too!