Buying property under 50 lakhs

@Rubiya: Some of the localities such as Nizampet, Miyapur, Chandanagar, Kondapur, Madhapur, Gachibowli are worth for buying below 50 lakhs.

Nizampet: It has good Proximity to Hitech City (10km) makes it a potential option for investment, the locality also ranks for good rental returns. Currently, the capital values in Nizampet fall within the price bracket of Rs 2,000-2,600 per sq.ft. and can effectively fetch monthly rentals in the range of Rs 8,000-10,000. But the area is still under panchayat and due to high density apartments, it is congested as well.

Miyapur: It has good accessibility to Hitech City (10km) makes it a key locality for investment. The area has another advantage of upcoming metro station. Currently, the property values are in the range of Rs 3,000-3,400 per sq.ft. and can clock rentals in the range of Rs 14,000-16,000 per month in a gated community.

Chandanagar: It has good proximity to the IT hub of Gachibowli (12km) has helped the area climb the realty ladder. The capital appreciation in Chandanagar has surpassed Miyapur. Last year, the property that was available of Rs 2,600 per sq.ft, but today is now available for nowhere not less than Rs 2,900 per sq.ft., there has been about 11 per cent increase in just a year. And investing about Rs 29 lakh can give you rental income of Rs 14,000-16,000 per month.

Kondapur: The property values are expected to rise. Currently a 1250 sq.ft. apartment is available for Rs 3,100-3,400 per sq.ft, which would command monthly rentals of about Rs 17,000-18,000.

Madhapur: It is an IT hub, the area receives a good demand from the techies working in and around the area. The capital values are in the range of Rs 3,900-4,800 per sq ft, which can give you rentals of about Rs 20,000-22,000 per month.

Gachibowli: The IT hub, which is definitely a potential option for investment. The capital values fall within the price bracket of Rs 4,000-5,000 per sq ft and the rental values are of Rs 20,000-22,000 per month.