The property rates have not appreciated much since 2009 in Hyderabad, and since the creation of a separate Flanagan state have started making rounds, the rates have got another reason to not undergo escalation. The state elections that are slated to take place in 2015 are now touted as yet another factor influencing property rates in the city. The buyers who feel themselves caught in Telangana turmoil are shying away from buying residential spaces. But, all is not lost as yet. Some major infrastructural developments are expected to bring a much-needed boost to the realty market of this tier I city.
Some major changes in the current scenario are expected this year. One of them is the Larsen and Toubro's mega project of metro rail that will bring elevated metro project into execution. The metro project is driving high on earning half of its revenue from real estate itself. Properties in Hyderabad are going to get a real thrust from it, and they, in turn, shall help the project gain appreciable earnings from realty developments. This project worth 15000 crore shall be stretched over 72 kilometers.
As the Telangana issue subsidizes, real estate prices in the city shall increase. As per current realty scenario, property for sale in Hyderabad are rather uncompetitive if compared to Delhi, Chennai, or Mumbai. Even plush localities like Jubilee Hills and Banjara Hills have average per square feet rates far below than their counterparts in other tier-1 cities. Even Hi-Tech City, one of the most preferable and highly developed localities of the city, faces underpricing. With the creation of an new state, the city is expected to see a rise of property rates by about 5%. As the prices are running low, the current realty market is favorable for both buyers as well as investors. Investors, if put in money at this time, can expect good returns after 4-5 years.
Let's have a glimpse over the rates of residential properer across city's top localities. We shall consider 2 BHK for our reference. A two bedroom flat in Beeramguda can cost a buyer anywhere between 20 lacs and 6 crore. At Gachibowli, the starting rates for 2 BHKs stand at 15 lacs only. Kukatpally, Uppal Mandal, BandlaGuda Jagir, Manikonda, Pocharam have the starting prices below 20 lakhs. However, in others like Kondapur. Narsingi, Hi-Tech city and Madhapur have higher rates: in 30-40 lakh price bracket. In Hitech City, Beeramguda, and Kukatpally, the rates on the higher side touch a crore value.
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Some major changes in the current scenario are expected this year. One of them is the Larsen and Toubro's mega project of metro rail that will bring elevated metro project into execution. The metro project is driving high on earning half of its revenue from real estate itself. Properties in Hyderabad are going to get a real thrust from it, and they, in turn, shall help the project gain appreciable earnings from realty developments. This project worth 15000 crore shall be stretched over 72 kilometers.
As the Telangana issue subsidizes, real estate prices in the city shall increase. As per current realty scenario, property for sale in Hyderabad are rather uncompetitive if compared to Delhi, Chennai, or Mumbai. Even plush localities like Jubilee Hills and Banjara Hills have average per square feet rates far below than their counterparts in other tier-1 cities. Even Hi-Tech City, one of the most preferable and highly developed localities of the city, faces underpricing. With the creation of an new state, the city is expected to see a rise of property rates by about 5%. As the prices are running low, the current realty market is favorable for both buyers as well as investors. Investors, if put in money at this time, can expect good returns after 4-5 years.
Let's have a glimpse over the rates of residential properer across city's top localities. We shall consider 2 BHK for our reference. A two bedroom flat in Beeramguda can cost a buyer anywhere between 20 lacs and 6 crore. At Gachibowli, the starting rates for 2 BHKs stand at 15 lacs only. Kukatpally, Uppal Mandal, BandlaGuda Jagir, Manikonda, Pocharam have the starting prices below 20 lakhs. However, in others like Kondapur. Narsingi, Hi-Tech city and Madhapur have higher rates: in 30-40 lakh price bracket. In Hitech City, Beeramguda, and Kukatpally, the rates on the higher side touch a crore value.
View the original article here