According to the ‘Real Insight Residential – Annual Round-up 2023 (January–December)’ report published by PropTiger.com, Hyderabad became India’s second-largest real estate centre in 2023, with a 49% YoY gain in home sales.
There are many excellent housing options available for less money than in other large cities. Whether searching for a villa, flat, or piece of land to build on, buyers will find properties within their budget. In general, the cost of living here is quite affordable.
The rising demand for flats in Hyderabad
Good government policies, accessibility of financing, and the expansion of infrastructure all increase demand and raise prices. Finally, rising building material costs raise the total cost of developing real estate, affecting home prices.
Popular areas for investing in properties in Hyderabad in 2024
Kondapur: Kondapur is a suburb in Hyderabad, Telangana, India’s western region. It is located in the Ranga Reddy district’s Serilingampally mandal. One of the posh neighbourhoods in Hyderabad is Kondapur. It is equipped with every convenience. It’s a well-liked neighbourhood. There are reputable colleges and hospitals nearby. With a nice mix of individual homes, business buildings, and residential flats, Kondapur is a fast-growing residential and commercial center.
Kompally: Hyderabad’s Kompally is a peaceful residential neighbourhood. The area is renowned for its picturesque surroundings and lush vegetation. In comparison, real estate costs are cheaper in the area. Property investments made now could pay off handsomely in the future.
Nallagandla: Located in Hyderabad’s western region is the busy residential neighborhood of Nallagandla. The region is renowned for its well-designed real estate market, first-rate connections, and well-planned infrastructure. Recent years have seen a tremendous change in the neighborhood with the construction of new housing developments, businesses, and public infrastructure.
Tellapur: Because of its superior infrastructure, accessibility, and continuous development, Tellapur is quickly becoming one of the greatest areas to invest in in Hyderabad’s outskirts. It appeals to both consumers and investors because it provides a serene setting mixed with urban living.
Gachibowli: Gachibowli, only 7 km from HITEC City, is a popular choice for businesses wishing to establish offices in the city. It is a posh IT area located in West Hyderabad’s Rangareddy district. Gachibowli, a busy suburb in Hyderabad, India’s western region, is close to the city’s leading IT hub. Being well-known for its business and IT centers, it is a well-liked
Manikonda: Hyderabad, Telangana, India’s Manikonda, is a residential neighbourhood and commercial center. Significant software firm headquarters, Lanco Hills, a high-end residential development, and the impending Chitrapuri Colony residential layout for Telugu movie employees have all contributed to the suburb’s recent growth.
Narsingi: Hyderabad’s major employment hubs near Narsingi. All cover top MNCs and corporations. Gachibowli and HITECH City are 30 minutes away, and the financial district is 15 minutes away. The Financial District houses Capgemini and Cognizant, while HITEC City has several IT Parks with Infosys, TCS, Wipro, and Tech-Mahindra. Source: Magicbricks Research
Nanakramguda: Fast-growing residential area in the West Zone of Hyderabad. Nanakramguda, an IT, real estate, and architectural suburb in Serlingampally Mandal, Hyderabad, India, is part of the Financial District. In the first phase of the financial district, TSI Business parks, IT/ITES special economic zones, Tishman Speyer’s, and Waverock Building host global conglomerates. Nanakramguda Village, Film Nagar, and the temples are close to this IT Suburb.
Shadnagar: It is conveniently close to Hyderabad and easily reachable by several transit options. Shadnagar Developments quickly became a centre for real estate, companies, and industries. Shadnagar’s real estate market is expanding tremendously with the town’s rapid growth. There are numerous residential and commercial projects being developed by builders and developers, giving investors the chance to purchase Shadnagar real estate.
Benefits of investing in real estate in Hyderabad
- Tax benefits
- Quality of life
- Higher ROI
- Affordable prices compare to Major cities
- Steady price appreciation
- Infrastructural development
- Economic growth Inflation
- Growing IT industry
- Job market
- Infrastructure
- Convenient investment option
- Political Stability
Things to consider before investing in flats in Hyderabad
Finding a reputable real estate developer
You can check internet reviews from previous customers, or even better, speak with one. Every real estate developer has a list of completed projects on their website, and you can check the quality of the developer by looking at their prior work.
Considering factors like location, amenities, and potential resale value
Ignoring Location: An apartment’s location affects its overall quality of life, resale value, and facility accessibility. Consider how close you are to places of employment, medical facilities, schools, and transit hubs like metro stations.
Purchasing your ideal house ought to be an amazing experience. Take your time and investigate the developer’s credentials before making the purchase. Don’t make a snap decision. Select the developer who will build the property that best suits your demands, decide on a budget, and focus on the area you want. Cheers to your successful property purchase!