Planning To Invest In Hyderabad In 2019? These Localities Promise High Returns
Hyderabad was recently ranked as the second most dynamic city in the world in a report released by a global property consultant based on the levels of foreign direct investment received and transparent governance in markets, including real estate. Consequently, Hyderabad has witnessed a jump of nearly 46 per cent in property prices in the past six months. This makes this city an apt ground for investment.
PropGuide lists top five cities offering the highest returns as of now.
Ameerpet: Ameerpet has been known as the residential hub of Hyderabad, considering its proximity to some of the key commercial centres in the city. The locality has in the past few months witnessed a boost in property demand and prices owing to the launch of Metro services here. The property in Ameerpet has witnessed 82 per cent rise in property prices in the past six years, data available with PropTiger.com show. One could buy property in Ameerpet for an average price of Rs 7,450 per square foot (psf), available in the range of Rs 93 lakh-2.5 crore. The locality, which has a livability score of 10, has over 30 projects up for sale of which 27 are ready for possession.
Kondapur: Located in the north of Hyderabad, Kondapur is surrounded by some of the IT hubs in the area, including Begumpet and Hi-tec City. The locality, which has a livability score of 8.2, offers a wide range of housing options to many working in the IT hubs. The rising housing demand here has also triggered a rise in property prices that have soared 71 per cent in the past six years. The average price of property here stands at Rs 5,750 psf. The property is Kondapur is priced between Rs 27 lakh-2.8 crore, available across different configurations. There are as many as 150 projects that one could invest in here, 120 of these projects are ready to move in.
Kukatpally: Enjoying a livability score of 8.8, Kukatpally is a residential-cum-commercial suburb in Hyderabad. The locality is complete in itself offering both commercial and residential real estate equipped with best-in-class social and civic infrastructure. With homebuyers moving away from the city centre to buy property, the demand for property here has witnessed a rise. This is visible in a large number of projects, over 170, available here for investment. Moreover, the property prices here have gone up by 51.5 per cent now rising to be on par with some of the central localities in Hyderabad. To buy a property here one has to pay an average of Rs 5,270 psf. One could invest in 2BHK, 3BHK and 4BHK apartments available in the price range of Rs 52 lakh-1.98 crore.
Madhapur: Real estate in Madhapur has been gradually witnessing a rise since the Metro route was announced along the area. Under construction at present, the Metro would further boost the market here once operational. For those planning to invest here, now is the time. While the property prices here have only witnessed a 45 per cent rise in the past six years, once the Metro becomes operational, the returns are going to be even higher. At present, the average property prices here stand at Rs 7,374 psf, with over 65 projects up for sale. Madhapur is one of the luxury property markets in Hyderabad offering 3BHK, 4BHK and 5BHK units in the price range of Rs 1.7-2.6 crore.
Gachibowli: Another prime locality that is going to benefit from the coming of the Metro route, Gachibowli is one of the key IT suburbs in Hyderabad. The locality enjoys a livability score of 8.1 given its proximity to the Hi-tec City and a well-developed infrastructure. The locality also lies close to some of the prime areas, including Jubilee Hills, Madhapur, Banjara Hill, Kothaguda, Mehdipatnam, Panjagutta and Kukatpally, among others. At present, the property prices here have only witnessed a 34 per cent rise, according to data available with PropTiger.com. However, once the Metro becomes operational that would connect the locality with the international airport as well as the city centre, the property prices here are expected to soar. One could invest in 75 projects here at an average price of Rs 6,000 psf. For investors, there is a wide range of plots, 2BHK, 3BHK, 4BHK and 5BHK options that can be bought for a price range of Rs 43 lakh-3.3 crore.