Real estate market in Hyderabad has witnessed a slowdown in the real estate market during the protests to form the new Telengana state. However, the city has now emerged as one of the most-preferred investment destinations of the country. With the existence of several Information Technology (IT) bigwigs in the city, job opportunities have increased to a great extent. As a result, the number of migrants to the city has been high in recent years. Eventually, this has increased the demand for houses in Hyderabad.
Here are some of the hottest investment destinations in Hyderabad
Being one of the emerging IT hubs of the city, this upcoming micro-market is located close to HITEC City. As real estate in HITEC City has reached the saturation point, the home buyers are showing a keen interest on buying apartments or villas in Gachibowli. According to realty sources, prices of residential properties in this locality rage from INR 4,600 per sqft. Especially, the demand has been high for residential properties that fall under the price range between INR 30 and 40 lakhs. 2 and 3 bhk apartments are the most preferred configurations here.
HITEC City is one of the major Information Technology hubs in the city. With the presence of several IT parks in this region, the demand for houses here is primarily driven the working class sector. The current properties prices in HITEC now stand at about INR 4800 per square feet. With the demand for rental homes are also high in this locality, the property investors shows a great interest on investing in a residential property here to earn a good rental returns. The most preferred apartment configuration here is the 2 BHK and this is closely followed by 3 BHKs. The residential properties that fall under the price bracket of INR 30 to 40 lakhs are the most preferred budget range here.
Located in the north-western part of Hyderabad, Miyapur is considered to be the affordable investment destinations of the city. Thus, the locality grasps the attention of mid-income groups who prefers budget homes. Apart from it, the recent developments in terms of infrastructure and connectivity have played a major role in booming the residential real estate market of this region. Owing to increasing demand for housing, many reputed developers have come up with new projects in this region. Prices of apartments in Miyapur start from INR 3,400 per sqft. With the upcoming metro connectivity in this region, the prices of residential properties are expected to increase in near future.
So, if you are planning to invest in properties in Hyderabad then considering the above mentioned localities could be an ideal choice for property investment.