From majestic monuments and imposing palaces, Hyderabad’s today is changing with the boom of the realty sector. Much of the realty boom is due to the advent and expansion of the information technology sector in the state. Creation of more jobs and increase in number of migrant population from various parts of India has raised the demand for Hyderabad Properties in the residential segment. The city offers self-contained townships with modern amenities.
Modern day Hyderabad presents a different picture from the princely times. Hyderabad, once the capital of ‘Nizams’, is now a center of information technology in South India. It is an important hub of business and trade, exporting pearls and diamonds as well besides selling software and hardware products. Hyderabad is also known for its biopharmaceutical industries in the country with number of companies located in and around the city. The city is developing and expanding over the years and is becoming one of the populous cities in India.
Real Estate of Hyderabad:
With so many sectors developing, the city’s real estate sector, consequently, is also progressing by leap and bounds. Hyderabad’s residential and commercial properties have witnessed marvelous demand with the growth of other sectors. Creation of new jobs in Hyderabad in the information technology sector is one of the important reasons for the increase in the residential housing in Hyderabad. Migrant population from all parts of the country is making it their second home. Apartments and house in Hyderabad are in great demand, especially from the middle class income group.
Many new areas are developing in the city under the residential segment. Hyderabad Properties in the residential housing segment has different price range for different localities. The residential apartments and houses in the city cater to all income groups. There are flats available for the middle class as well as for the wealthy class of the society. The city has many townships designed for the budget income groups. The flats are designed keeping in mind the modern comfort and utility. The townships feature modern facilities. The location of these townships is easily reached from important destinations of the city.
Buyers can find affordable and luxurious apartments in Hyderabad. Some good housing properties in the city are in the following locations.
- Sananth Nagar
- Boulder Hills
- Jubilee Hills
- Banjara Hills
- Eden Square
- Lower Tank Bund Road
The residential Hyderabad properties are available in various types. Many private builders are offering a range of options in housing segment in the city. There are apartments available with two, three or four bedroom sets. The area ranges between 700 sq ft to 2000 sq ft for the apartments. Apart from the apartments, there are duplex flats and penthouses as well. The size of the duplex flats and penthouses varies between 2000 sqft to 4866 sqft approximately.
The houses and apartments are mostly enveloped in greenery and open spaces. Most of the upcoming apartments are part of the large townships built on huge areas. High-rise buildings are common in the residential segment. These building are constructed following the modern architecture rules and are earthquake proof. The buildings are commonly 15-16th floors and but some have 25th floors.
The upcoming residential colonies in the city are all the modern features and services. The colonies have beautifully landscaped gardens and walking tracks for its residents. There are also play areas for kids. Swimming pool for adults and kids are also present in some of the housing. There are also sporting areas assigned with courts for badminton and tennis. Some of the common features are as 100 per cent power back-up, Badminton Courts, Swimming Pools, Gymnasium, Kids play areas, Jogging tracks, Shopping complex, Play centers and Club
The realty of Hyderabad in the residential housing segment attracts not just the people from the state also outsiders who are staying in the city for work purposes. Many have made the city their home. The standard of living along with excellent residential properties makes the city a good place to live and work.
Price trends in Hyderabad’s Localities Available on Sale:
AS Rao Nagar: Here properties are sold at an average price of 2,361-2,487 per square feet. Average price of properties here stands at 2,424 per square feet.
Banjara Hills: Here properties are sold at an average price of 5,384-5,891 per square feet. Average price of properties here stands at 5,637 per square feet.
Gachibowli: Here properties are sold at an average price of 2,969-5,487 per square feet. Average price of properties here stands at 4,228 per square feet.
Jubilee Hills: Here properties are sold at an average price of 5,052-5,676 per square feet. Average price of properties here stands at 5,364 per square feet.
Moti Nagar: Here properties are sold at an average price of 2,910-3,348 per square feet. Average price of properties here stands at 3,129 per square feet.
Nizampet: Here properties are sold at an average price of 1,951-3,470 per square feet. Average price of properties here stands at 2,710 per square feet.
Sanatnagar: Here properties are sold at an average price of 3,634-4,351 per square feet. Average price of properties here stands at 3,992 per square feet.
These are prices for multistorey apartment for Oct-Dec 2012
How to Buy a House or Apartment in Hyderabad with any Hassles
Buying apartment in the city is easy presently with the help of various property websites. There are many new websites dedicated to property search. One can buy, sell or rent property through these websites. Properties in Hyderabad are listed in these websites. From builder floor apartments to flats in multistory buildings, residential real estate offers a variety to buyers and investors. The best part of these websites is the quick and easy way of finding or advertising a property.
For buying a property through these websites, buyers have to fill the preference in their boxes provided and within seconds, a list of available properties will appear on the screen. Location, prices and other details of the property will appear on the screen. Online property search not only saves time, it also helps in the buyer and seller gets the right property. Property websites lists commercial as well as residential properties in Hyderabad.
Shipra Sinha writes on the behalf of 99acres.com, which is the leading real estate portal providing genuine and accurate information about the current real estate trends and different properties available in India. Such as House in Hyderabad, Property in Mumbai, Property in Delhi, 4 bhk flat in Hi Tech City, etc.