The pearl-loving city of Hyderabad metamorphosed into the present-day bustling cyber hub that it is; this journey highlights its extraordinary transformation. The main real estate market in the city had some major hurdles as it experienced financial problems over a long period of time.
However, this change was observed after political unrest and agitation that lasted for a long time following the division of the state in 2014. Between 2014 and 2017, Hyderabad experienced an amazing resurrection characterized by increasing property prices in residential real estate and growing demand for retail and commercial spaces. Among other things, the local authority has attracted investments because it has embarked on aggressive measures to promote socio-economic indicators.
Urban and industrial development have received a strong boost from strategic initiatives like T-iPass, TIdea, and the single-window clearance system, as well as the establishment of T-Hub through regional development authorities. In addition to promoting regional economic expansion, these measures have drawn foreign capital, establishing Hyderabad as a desirable location for investments.
Hyderabad: As per the latest report from Knight Frank India, Hyderabad recorded registrations of 6,185 residential properties in September 2023, observing a rise of 30% year-on-year (YoY). The total value of properties registered during the month stood at ₹3,378 crore, which too has increased by 42% YoY, indicating a movement towards the sale of more expensive homes.
The Hyderabad housing market is currently undergoing a notable upswing, primarily driven by a surge in demand within the city. Notably, this demand is centred around the desire for improved residential environments that offer contemporary housing communities with a wide range of amenities,” said Shishir Baijal, Chairman and Managing Director of Knight Frank India.
We are discussing which location of property is more costly and which location is more affordable.
Zone-wise, in Hyderabad, real estate property is divided into six zones.
- West Zone
- North Zone
- Secunderabad
- East Zone
- South Zone
- Central Zone
West Zone:
We discussed how West Zone high- to low-range areas have been more valuable in the last 3 months.
Residential sales in Hyderabad during September 2023 were mainly within properties sized 1,000–2,000 sq ft, whereas the price range of ₹25–50 lakh accounted for the highest registrations. However, beyond the concentration of bulk transactions, homebuyers also bought plush properties, which are bigger and offer better facilities and amenities. Some of these deals have happened in markets like Hyderabad and Rangareddy, where the properties were sized at more than 3,000 sq ft and valued at upwards of ₹5 crore.
Bachupally:
In the comparison of the sites mentioned above, Bachupally stands out as a place where property prices are relatively lower but highly recommended options are available. The area boasts excellent communication infrastructure and is currently undergoing construction of a metro line, further enhancing connectivity. Bachupally is emerging as a strong competitor to areas like Gachibowli. Residents in Bachupally have access to essential amenities such as supermarkets, pharmacies, banks, hospitals, and recreational facilities. The presence of retail outlets and entertainment options ensures that residents’ daily needs are adequately met. It is anticipated that property prices in Bachupally will increase in the next 5 years.
Kokapet:
As of my last update in January 2023, Kokapet is a rapidly developing locality in Hyderabad, known for its growth. Many residential projects in Kokapet offer modern amenities such as clubhouses, swimming pools, gyms, landscaped gardens, and children’s play areas. Some gated communities also provide additional facilities like tennis courts, basketball courts, and jogging tracks. Kokapet enjoys good connectivity to other parts of Hyderabad via the Outer Ring Road (ORR), which provides easy access to key areas like Gachibowli, HITEC City, and the Financial District. The area is also close to prominent IT hubs, educational institutions, and healthcare facilities. Recent residential property values approximate ₹7086 per square foot, as per the Government of Telangana report.
Gachibowli:
Gachibowli is one of the major IT and business hubs in Hyderabad, home to numerous multinational companies, tech parks, and corporate offices. It houses prominent IT companies, including Microsoft, Infosys, Wipro, and many others. In the last 5 years, Gachibowli has experienced enormous growth, with many high-tech companies establishing a presence in the area. Despite a decrease in sales over the last 2 years, Gachibowli still maintains high property values, with the current rate being around ₹6284 per square foot, according to the Telangana government.
Kondapur:
Kondapur is situated in close proximity to the IT hubs of HITEC City and Gachibowli, making it a preferred residential destination for IT professionals working in these areas. The locality itself hosts several IT companies, software development firms, and corporate offices. In the last 3 years, Kondapur has experienced 45% growth in real estate. In 2023 alone, residential property sales in Kondapur totaled ₹1475 crores, with government registration indicating a rate of ₹5515 per square foot.
North Zone:
Turkapally:
While Turkapally offers basic amenities such as supermarkets, pharmacies, and healthcare facilities, residents may need to travel to nearby localities for a wider range of amenities such as shopping malls, restaurants, and entertainment options. Turkapally is known for its serene and tranquil environment, making it an attractive choice for those seeking a quieter lifestyle away from the hustle and bustle of the city. The locality offers a relatively green landscape with open spaces and parks. Last year’s property price was around 5996 per square foot.
Bahadurpally:
Bahadurpally is known for its relatively green surroundings, with parks and open spaces providing residents with areas for leisure and relaxation. The availability of green spaces enhances the overall quality of life in the locality. Bahadurpally has witnessed significant residential development in recent years, with the construction of numerous apartment complexes, gated communities, and independent houses. Last year’s property price was 4843 per square foot.
Pet Basheerabad:
Pet Basheerabad enjoys good connectivity to other parts of Hyderabad via National Highway 44 (NH44) and arterial roads. The area is located in close proximity to the Outer Ring Road (ORR), providing easy access to various parts of the city. Pet Basheerabad is home to industrial estates, warehouses, and commercial establishments. The locality hosts a mix of small-scale industries, warehouses, and manufacturing units. This industrial presence contributes to the local economy and provides employment opportunities. The property prices have been increasing steadily, reaching 3993 per square foot last year.
Secunderabad:
Secunderabad is a historically significant city with a mix of residential, commercial, and industrial areas. It boasts a diverse population and offers a variety of housing options. Iconic landmarks like the Secunderabad Clock Tower, St. Mary’s Church, Trimulgherry Fort, and the James Street railway station add to the city’s cultural and architectural heritage. In terms of real estate, Secunderabad is one of the best areas in Hyderabad, with Bansilalpet being the most valuable area to buy property at approximately Rs. 8,073 per sq ft. The other four most valuable areas were Begumpet, Malkajgiri, and Thumkunta. We expect a 26% increase in property value after five years due to its excellent transportation facilities, including railway and metro services.
East Zone:
Mansoorabad:
Mansoorabad has experienced significant residential development in recent years, with the construction of numerous housing options, including apartment complexes, gated communities, and independent houses. While Mansoorabad may not have major educational institutions within its immediate vicinity, it is located near educational hubs such as LB Nagar and Nagole, which are home to schools, colleges, and vocational training centres. Residents of Mansoorabad have access to essential amenities such as supermarkets, pharmacies, banks, healthcare facilities, and restaurants. The presence of retail outlets and recreational centres ensures that residents’ daily needs are met. The price, as per research, is approximately 3930 per square foot.
Nacharam:
Nacharam is primarily known for its industrial zone, which hosts various manufacturing units, warehouses, and industrial establishments. It is one of the major industrial areas in Hyderabad and contributes significantly to the city’s economy. Nacharam has several schools, colleges, and healthcare facilities serving the local community and the workforce employed in the industrial sector. These institutions provide essential services to residents and employees in the area. The price is around 4501 per square foot. The price is slightly higher due to the facilities and environment, similar to Uppal and Baduppal.
Uppal:
Uppal is known for its industrial and commercial significance, with various industrial estates, warehouses, and commercial establishments. It is one of the major industrial areas in Hyderabad and contributes significantly to the city’s economy. While Uppal is primarily an industrial area, it also has residential pockets comprising apartment complexes, gated communities, and independent houses. Uppal has several schools, colleges, and healthcare facilities serving the local community and the workforce employed in the industrial sector. Residents of Uppal have access to basic amenities such as supermarkets, pharmacies, banks, and eateries. Uppal is the most rapidly growing area in Hyderabad. The most recent price per square foot is ₹4080.
South Zone:
Bandlaguda Jagir:
Bandlaguda Jagir is a rapidly developing locality in the Rangareddy district of Telangana, India. It recently gained the status of a municipal corporation, reflecting its growing importance and population. Situated strategically near the Outer Ring Road (ORR), Bandlaguda Jagir enjoys excellent connectivity to other parts of Hyderabad, including the IT hub of Gachibowli (14 km away) and the Rajiv Gandhi International Airport (20 km away). The locality is well served by public transport, with buses and taxis readily available. The Nampally Metro Station is also within a convenient distance. Prices are around ₹4225 per square foot.
Attapur:
Attapur is a residential locality situated in the Rajendranagar mandal of the Rangareddy district, Telangana, India. It is approximately 16 kilometres northwest of Hyderabad’s city centre. The area has witnessed significant growth in recent years, driven by its proximity to major IT hubs and developing infrastructure. The area boasts a variety of residential options, including apartments, villas, and independent houses, catering to diverse needs and budgets. It has a well-developed infrastructure, with good roads, drainage, and power supply. Numerous educational institutions, healthcare facilities, supermarkets, and shopping complexes are present within the locality, ensuring a comfortable lifestyle for residents.
Adibatla:
Situated in the Ranga Reddy district, Adibatla is well-connected to other parts of Hyderabad through the Outer Ring Road (ORR) and Sagar Highway. It’s also close to the Rajiv Gandhi International Airport, making it a convenient location for those who travel frequently. Overall, Adibatla presents a compelling combination of strategic location, promising growth potential, diverse residential options, and good investment prospects. It’s a suitable option for individuals and families seeking a quality lifestyle in a developing area of Hyderabad.
Gandamguda:
Gandamguda offers a variety of residential options, including apartments, villas, and independent houses, catering to diverse needs and budgets. The area has witnessed a surge in residential projects in recent years, making it a popular choice for homebuyers. Schools: There are several schools in Gandamguda, including the Delhi Public School, the Oakridge International School, and the Silver Oaks School. Hospitals: There are several hospitals in Gandamguda, including the Apollo Hospitals, the Care Hospitals, and the Yashoda Hospitals. Shopping: There are several shopping complexes in Gandamguda, including the Forum Sujana Mall, the Inorbit Mall, and the Mega Mall. Parks: There are several parks in Gandamguda, including the KBR Park, the NTR Gardens, and the Lumbini Park.
Central Zone:
Banjara Hills:
Banjara Hills is a prestigious neighborhood in Hyderabad, known for its luxury apartments, independent houses, and sprawling villas. If you’re considering real estate in Banjara Hills,. Prime location: Close to IT hubs, consulates, and upscale amenities. High-end living: secure environment, luxurious amenities, and proximity to prestigious schools and healthcare. Good investment potential: Properties tend to hold their value and offer decent rental returns. There is a high demand for luxury apartments, especially larger units with balconies and modern amenities. There is growing interest in gated communities with villas offering privacy and security.
Jubilee Hills:
Jubilee Hills is a sought-after residential area in Hyderabad, renowned for its affluent lifestyle, swanky apartments, and luxurious independent houses. If you’re considering entering the Jubilee Hills real estate market, here’s a helpful There is a high demand for spacious apartments with balconies and modern features. There is growing interest in independent houses, especially among HNIs seeking ultimate privacy and luxury. Limited new construction is due to land constraints, driving up prices for existing properties. Prime location: close to IT hubs, upscale shopping malls, renowned schools, and healthcare facilities. Opulent living: a secure environment, high-end amenities, and a vibrant social scene.
Himayatnagar:
Himayatnagar has emerged as a prominent residential destination in the southern and central parts of Hyderabad, offering a blend of affordability, connectivity, and developing infrastructure. High demand for mid-range apartments, driven by young professionals and families. Growing interest in gated communities with modern amenities. Ongoing and upcoming residential projects are boosting options and attracting investors.Situated on National Highway 65, it provides easy access to other parts of Hyderabad and IT hubs like Gachibowli.
Ameerpet:
Ameerpet is a fast-growing residential and commercial locality situated in the North Zone of Hyderabad, Telangana, India. It is known for its proximity to major IT hubs like Madhapur and Gachibowli, making it a preferred location for working professionals and families. Educational institutions: St. Mary’s College, Osmania University College of Engineering, Institute of Public Enterprise, etc. Healthcare facilities: CARE Hospitals, Apollo Hospitals, Yashoda Hospitals, etc. Shopping malls: Citymax Mall, Ratnadeep Supermarket, Nilgiris, etc. Parks and recreation: Sanjeevaiah Park, Lumbini Park, etc. Ameerpet offers a vibrant mix of residential areas, bustling commercial zones, and educational institutions.
