5 Best Locations In Hyderabad for Rental Properties

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Admin 24 Apr 2024 5,050 Views

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There are a plethora of interesting facts to learn about Hyderabad. The Pearl City is a place where you may find a lot of different kinds of pearls. Stunning architecture, royal palaces, and delicious cuisine. What distinguishes Hyderabad, though, is that it welcomes people from all around the country, regardless of their appearance or the language they speak. Many, many teenagers come to the city with a suitcase and many hopes, and which are seen in the schools and IT parks here. The delicious Biryani available here is probably the most well-known part of Hyderabad city. Hyderabadi Chicken Dum Biryani, Lamb Biryani, Hyderabad Zafrani Biryani, and Keeme ki khichdi are among the most well-known ones that have survived the test of time.

Hyderabad is one of India's quickest-growing property markets. It has all of the good signals that make this market the greatest choice for people looking to invest in order to obtain a rental income. The city had the highest quarterly house sales among its partners in the last quarter of the previous financial year, at 26%. As a result, here are the top five most-liked areas for leasing a property.

5 Best Rental Locations In Hyderabad With Price Trends

1) GACHIBOWLI

Gachibowli is one of the most recent rural areas in the Rangareddy district. It's a section of the Serilingampally mandal. It is one of the product hubs, and it is located in northwestern Hyderabad. It is located about 5 kilometers from Hitech City, one of Hyderabad's largest IT hubs. Gachibowli is a developing real estate market in Hyderabad's rural districts. Gachibowli has a high demand for investment homes because of its location to several excellent business areas and the Hyderabad University. After the Hyderabad Metro Line-V, which will connect the region directly to the Rajiv Gandhi International Airport, becomes operational, the area's reasonableness score will rise.

Normal property value in Gachibowli is Rs 6,054/sq ft also, for lease is Rs 56,500/month. Gachibowli is a sector known for offering massive condos in the 3BHK arrangement, following 2BHK and 3BHK. Even those looking to rent in the area look for 3BHK flats. Though a 2BHK unit requires a starting contribution of Rs 52 lakh, a 3BHK unit requires a contribution of Rs 59 lakh. A 2BHK property may be rented for Rs 15,000 per month, while a 3BHK unit can be rented for Rs 25,000 per month.

2) KUKATPALLY

Kukatpally is a rural locality in the Indian state of Telengana, located in the northwestern part of Hyderabad. It has highway connectivity and is close to Hitech City's Information Innovation Center. Kukatpally, located near Secunderabad, will soon be connected to the Hyderabad Metro Red Line. The region will gain prominence once the Metro is functional, despite its location on the outskirts of Hyderabad. For the time period, it acts as a confidential meeting place for persons working in nearby IT departments.

The normal rate of the property in Kukatpally is Rs 6,292/sq ft and for lease the price is Rs 31,739/month. Kukatpally offers a wide selection of property offerings for people looking to buy or rent. A huge number of these residences are available in 2BHK and 3BHK layouts. But be prepared to spend a minimum of Rs 28 lakh for a 2BHK flat and Rs 46 lakh for a 3BHK unit as a financial backer. A 2BHK may be leased for Rs 8,500 per month, while a 3BHK can be leased for Rs 14,000 per month.

3) AMEERPET

Ameerpet is a commercial town in Hyderabad, Telangana, in the northwestern part of the city. It is a former large town that has had extremely rapid growth since the late 1990s, when it became part of the city's metropolitan region. Ameerpet is a Hyderabad suburb that serves as a business and private real estate center. It is a significant area since it is one of the best interchange stations connecting the Hyderabad Metro's Red and Blue lines. The property market in this area is rapidly growing as a result of increased availability and improved business conditions.

There are some popular landmarks in the town like HUDA Maitrivanam, Huda Swarna Jayanti Complex, Aditya Enclave, Aditya Trade Centre, Aster Prime Hospital, Ameerpet Gurudwara, etc. A network of arterial highways allows for quick access to Hyderabad's busiest areas and commercial hubs. The average property amount in Ameerpet is Rs 5,945/sq ft and for renting is Rs 20,567/month. Ameerpet features a mix of 2BHK, 3BHK, and 3BHK+ units available for immediate occupancy. The two-bedroom homes are the most popular for sale or rent. These units could fetch you a monthly rent of Rs 13,000 or more.

4) MADHAPUR
Madhapur is a Hyderabad suburb which acts as a private hub for the city's IT community, which include Gachibowli, Jubilee Hills, and Hitech City. Madhapur has changed the city by locating its most important merging businesses in Hyderabad's metropolitan areas. Operation IT/ITES and Telco companies from all over the world are based in this suburb, driving product and BPO companies.

The region is also close to a number of important relaxation centers, making it one of the most expensive real estate markets in the region.The average property price on Madhapur is Rs 8,853/sq ft and for rent is Rs 51,928/month. Furthermore, the property market in Madhapur is projected to rise as a result of the Hyderabad Metro's sudden arrival. Madhapur, too, has recently been served by the Metro. Also, there are several famous places like Inorbit Mall. Then there are many pubs and resto-bars for good ambience and to spend some good quality time. For the most fashionable people in Hyderabad, this is one of the most important diversion and shopping zones.

5) KOLHAPUR

Kondapur is situated in the Cyberabad digital innovation zone and has recently emerged into an advanced business center point. In the last twenty years, the area has seen land and commercial zone growth. The groundwater is extremely adequate all of the time for people staying in flats, however the purchase of district water is expected during specific summer seasons.

Kondapur, located 20 kilometers from the city center, is a growing housing market close to Hitech City, Gachibowli, and the Hyderabad University. The property here is looked after by people on a tight budget due to its affordable leases. Nonetheless, with greater company growth in the region, costs are expected to climb. The average property rate is Rs 6,054/sqf and for rent is Rs 28,607/month.

Kondapur is another fantastic property market, with a huge number of 2BHK and 3BHK flats available, as well as a growing preference for 1BHK, 2BHK, and 3BHK flats. The 2BHK and 3BHK flats have a starting price of Rs 48 lakh and a starting rental pay of Rs 15,000 and Rs 23,000, respectively.

About Author

Jatin Dubey

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.

5 BEST PLACES FOR RENT IN HYDERABAD

5 Best Rental Locations In Hyderabad With Price Trends

Jatin Dubey

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