For every two people who bought a home last year, there are three who are buying one right now! Yes! You heard it right. As per, Knight Frank Research Report of 2016 – There is a rise in the residential property investment. Hyderabad’s real estate industry is growing with each passing second and so is the demand for buying homes.
Compared to Q3 of 2016, there has been a rise of 37% and 56% in launches and sales, respectively, of residential projects over the same period of 2015.
Hyderabad’s residential micro-market is divided into five regions – Central, East, West, South and North. The above map showcases the major areas in the region.
|Central Hyderabad||Begumpet, Banjara Hills, Jubilee Hills, Panjagutta, Somajiguda|
|West Hyderabad||Kukatpally, Madhapur, Kondapur, Gachibowli, Raidurgam|
|East Hyderabad||Uppal, Malkajgiri, L.B. Nagar
|North Hyderabad||Kompally, Medchal, Alwal, Quthbullapur|
|South Hyderabad||Shamshabad, Rajendra Nagar|
West Hyderabad is developing faster than any other region because of its proximity to the IT and ITeS sectors in HITEC City and Gachibowli. The region witnessed the maximum project launches along with Central Hyderabad, whereas Hyderabad’s premium areas such as Banjara Hills, Jubilee Hills, Somajiguda and others had a substantial 56% YoY de-growth in launches in the year 2016.
Average residential property prices in the West and Central regions have increased by 3% (Rs. 3,710 per sqft) in 2016.
Follow the table below to find the price trends in the major regions of Hyderabad:
|Area||Residential Property Price Range (per sqft)|
|Begumpet||₹4,500 – ₹6,000|
|Banjara Hills||₹7,000 – ₹9,000|
|Jubilee Hills||₹4,500 – ₹6,500|
|Madhapur||₹5,800 – ₹7,800|
The average area of a 2-BHK or 3-BHK apartment ranges from 700-1200 sqft. The above-listed price range is as per the data collected by Knight Frank Research for the year 2016.
Research also suggests a price hike in the near future because of high infrastructural developments in the city. Hyderabad is growing like never before. If you are planning to invest in Hyderabad and buy a property of your own, now is the right time!