Residential Realty in Hyderabad

Hyderabad is the sixth largest city in India and an important technology hub of the country. This 'City of Pearls' is an upcoming destination for property investments with the revival of Indian economy. Real estate in Hyderabad is developing on the whole but its residential segment is especially witnessing tremendous growth.

Residential realty in Hyderabad is undergoing a transformation with old palatial houses giving way to new posh, multi storied ones. Famous worldwide for its rich culture, architecture and pearls; Hyderabad is today an important center for technology. The unprecedented growth in the city's real estate is relished by one and all as developers, investors and buyers show keen interest in the market. The remarkable developments in its commercial sector have paved way for tremendous realty growth in the region. As a result, the realty industry is blossoming in full swing i.e. both in terms of developments and rise in prices.

Let us take a detailed look at the property prices and rentals of apartments in Hyderabad. The twin cities of Secunderabad and Hyderabad together form the capital of Andhra Pradesh, Hyderabad. It is divided on the basis of zones in the city i.e. Central, East, North, South, West and Secunderabad.

-The capital values of apartments in Hyderabad as in July 2010 are:
West zone commands `2,700 to ` 10,000 per square feet.
Central region demands ` 1,700 to ` 8,200 per sq. ft.
Apartments in North Hyderabad range between ` 2,300 to ` 4,700 /sq. ft.
Homes in South and East can be bought between ` 2,200 to ` 4,400 per sq. ft.
Housing in Secunderabad asks for ` 1,700 to ` 4,500 per square feet.

-The rentals for 2BHK apartments in Hyderabad at the end of two quarters in 2010 are:
Localities in West charge ` 6,000 to ` 25,000 per month for a 2 bedroom apartment.
Rented apartments in Central zone cost ` 7,000 to ` 22,000 per month.
North and South regions fetch around ` 5,000 to ` 20,000 every month.
Similarly, East Hyderabad and Secunderbad take ` 6,000 to ` 12,000 per month.

With limited supply, these values are certainly set to increase in coming times according to real estate consultants and experts. The city of Charminar sees a remarkable growth in its realty sector and promises much more in the future. Along with the buzz in construction activities, other improvements are also being made in the infrastructure and related facilities. The network of roads, highways, railways and airport as well as enhancement of basic civic amenities like electricity and water supply is also important for a city's preference as a realty destination. The extraordinary raise in demand and the imbalanced demand-supply ratio is affecting prices of property in Hyderabad. It is bringing about a northward surge in realty costs throughout the fabulous 'City of Nizams and Minars'.

Numerous residential and commercial projects have been announced recently by both local and national builders like Uppal Housing, Raheja Group, DLF, Rankey Group, Nagarjuna Constructions, Parsvnath, Ashoka Builders, Manikya Homes, Jayabheri Group and others. With Banjara Hills, Himayath Nagar and Jubilee Hills being the hotspots for residential areas, they are the hotspots for developments. Some of the upcoming projects include construction of residential and commercial complex, IT parks, 5-star hotels, shopping malls, eco-friendly luxury resorts, so on and so forth. Property in Hyderabad puts across world class lifestyle through high quality buildings that are equipped with all modern amenities.

In wake of the IT wave and the mall culture catching up with the people, the entire real estate in Hyderabad is reaping huge benefits. It is perfect as both a buying and an investment destination.

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