You cannot buy a plot for less than Rs 50,000 per square yard anywhere within the city limits, from Hayathnagar in the east to Tellapur in the west.
Are you a salaried employee who wishes to buy a plot in Hyderabad at an affordable price? Over the past few years, land prices in the city have skyrocketed, making your wish unlikely to come true. You cannot buy a plot for less than Rs 50,000 per square yard anywhere in the city limits, from Hayathnagar to Tellapur to Kompally. In other words, a buyer who wants to build an independent house on 200 square yards in any part of the city would need to spend at least Rs 1 crore on land.
open plots for sale:- without brokerage buy/ sell property
prices of plots were somewhat affordable before the pandemic, according to city-based realtors. Prices have almost doubled in the last two years. Two years ago, the land was valued at Rs 30,000 per square yard. Now it is worth Rs 60,000 – Rs 70,000 per square yard. Even in areas like Isnapur and Ghatkesar, which are almost 30 to 40 km away from the city center, plots are being sold for Rs 25,000 per square yard.
Those who dream of owning an independent house at an affordable price have no choice but to move around 50 km away from Hyderabad towards BhonBhongir. Land at around Rs 15,000 per square yard.
Speaking to the TNIE, Ch Ramchandra Reddy, chairman of CREDAI Telangana, said that many buyers are investing in these plots for their future. Due to the pandemic, there is no affordable real estate in the city. If buyers want to purchase a home for a lower price, they can look at MDA, and DTCP layouts recognized by the government,” he said.”
If the land is in prime locations like Banjara Hills and Jubilee Hills, a 100-square-yard plot costs over Rs 3 crores. In top residential areas like Marredapally and Tarnaka, open plots would cost anywhere between Rs 1 lakh to Rand1.5 lakh per square yard.
Land plots within Hyderabad city limits cost at least Rs 50,000 per square yard. However, in residential areas like Marredapally and Tarnaka, the price of land reaches Rs 1.5 lakh per square yard.
The cost of plots in some areas has doubled from Rs 30,000 to Rs 60,000 per square yard after the pandemic.
Affordable plots, priced around Rs 15,000 per square yard, are available 50 km from the city center near Bhongir.