Affordable Residential Properties in Hyderabad
Buyers looking for affordable residential properties in Hyderabad in a budget range of Rs.20-30 lakh have lot to cheer about. Many such properties are currently available in the city primarily in areas like Manikonda, Uppal and Kukatpally. Compared to other major cities in India, prices of properties in Hyderabad are generally stable with affordable residential property available in several areas. The political uncertainty that engulfed the city in recent past has also contributed significantly in curbing the rise in realty prices.
Manikonda
Manikonda is one area in Hyderabad where buyers can expect to purchase affordable residential property in the budget range between Rs.20-30 lakh. Interestingly, this area has the highest number of residential properties in this budget range. Formerly a sleepy hamlet, the area has risen in prominence as a realty destination due to its proximity to the IT hub of Gachibowli as well as other areas in the vicinity. Moreover, it also offers good connectivity to the CBD areas like Jubilee Hills and Banjara Hills.
Another important attraction of the area is that it offers moderately larger homes in an affordable budget as compared to other locations. In the normal scenario, buyers have to compromise on the size of the house while looking for affordable homes. Contrary to this, 2 BHK houses of about 1000 sq.ft. size are available in Manikonda for about Rs.25 lakh. Generally, one can find a 2 or 3 BHK residential unit in Manikonda in a budget range between Rs.20-30 lakh. Sizes of 2 BHK units here range between 800-1200 sq.ft, while the size of 3 BHK units range between 1000-1400 sq.ft.
Uppal
Uppal is another area that offers affordable residential property in the budget range between Rs.20-30 lakh. As a result, both investors and end-users are making a beeline for investing in residential property here. Besides affordability, its easy accessibility to Hitech city and its proximity to the proposed metro line are also driving demand for residential property in the area. Property values in Uppal range from Rs.2,200-2,700 per sq.ft. Going by these figures, one can buy a standard 1000 sq.ft. 2 BHK unit in the range of about Rs.25 lakh.
Kukatpally
Kukatpally is yet another area in the city where affordable residential properties are available in the range between Rs.20-30 lakh. Located on the north-west outskirts of Hyderabad, the area has well-developed social and physical infrastructure. Other advantages include easy connectivity through bus and rail and accessibility to Hitech city. Most of the residential properties available within this budget range are multi-storied apartments with 2 BHK units being the most common.
