Real Estate Prices in Hyderabad 2019
We all know that our Hyderabad city is more affordable as compared to other metro cities of India. Also, the city’s market is much more mature in terms of both commercial and residential aspect. This is evident from the fact that even after the bifurcation of the state the city has thrived well and improved its overall infrastructure, health, education sectors and job market scenario.
The global multi-national companies of all sectors – Retail, IT, ITeS, Pharma, Automobile, Hospitality, Education, etc. continue to setup their regional headquarters in Hyderabad for regional expansion. You can easily find large number of affordable flats and apartments in Hyderabad for sale and rents, which makes it possible even for an average salaried person to live here happily.
Real Estate on Upswing in Hyderabad’s Real Estate Market
Knight Frank in its half-yearly report states that Hyderabad city is currently witnessing a huge surge in the volume of the residential units - in its first quarter of 2019 it rose by 47%. The commercial office space transaction volume has also surged by 43% in the same period.
It is interesting to know that the property prices in Hyderabad city rose by 9% on an average Rs. 4373 whereas all other cities have witnessed a decrease in real estate prices – Chennai, Kolkatta, Pune, Delhi, etc.
Top Preferred Areas of Hyderabad
The maximum sales of units occurred in the West Hyderabad which includes areas like – Madhapur and Kokapet (both accounted for 63% of the overall sales). North Hyderabad is faring well and one can see a lot of traction in areas like Kompally, Qutubullapur, Alwal, etc.
You could notice a huge number of new launches from reputed builders for residential flats in Hyderabad, in areas like Bolarum, Bachupally, Pragathinagar, Tellapur, Kokapet, Yapral, Shadnagar, Nanakramguda, Shankarpally and Bandlaguda. The homebuyers are giving preferences to ready to move apartments in Hyderabad or those to be completed within six months.
Property Price Trends of the Hyderabad City
The property prices in the city vary with the differences in the kind of connectivity, infrastructure, demand and supply in the given locality. We have listed here some of the preferred localities of Hyderabad with their prevailing price tags (approximate). The rates of between the 1BHK, 2BHK and 3BHK flats in Hyderabad may vary differential.
Real Estate price trends in Hyderabad as in April – June 2019 period:
| Locality | Price Range (Rs. /sq-ft) | Average Price (Rs. /sq-ft) |
| Ameerpet | 4,319 - 6,667 | 5,857 |
| Alkapur Township | 3,889 - 5,123 | 4,551 |
| Appa Junction | 4,145 - 5,875 | 5,010 |
| Attapur | 3,612 - 5,153 | 4,383 |
| Bachupally | 2,726 - 4,027 | 3,376 |
| Bandlaguda Jagir | 3,503 - 5,215 | 4,360 |
| Banjara Hills | 5,428 - 8,797 | 7,115 |
| Beeramguda | 2,757 - 3,878 | 3,320 |
| Begumpet | 4,306 - 6,600 | 5,455 |
| Bollaram | 2,842 - 3,838 | 3,340 |
| Chandanagar | 3,920 - 6,070 | 4,996 |
| Financial District | 5,260 - 7,470 | 6,365 |
| Gachibowli | 5,162 - 7,780 | 6,475 |
| Gajularamaram | 3,215- 4,546 | 3,889 |
| Himayath Nagar | 4,768 - 7,725 | 6,243 |
| Hitech City | 5,562 - 8,408 | 6,985 |
| Jubilee Hills | 8,120 - 13,815 | 10,973 |
| Kokapet | 4,334 - 6,068 | 5,203 |
| Kollur | 2,768 - 3,973 | 3,375 |
| Kompally | 3,236 - 4,642 | 3,941 |
| Kondapur | 4,939 - 7,428 | 6,189 |
| Kukatpally | 4,689 - 7,340 | 6,021 |
| Kukatpally Housing Board Colony | 5,078 - 7,845 | 6,462 |
| Manikonda | 3,698 - 5,786 | 4,742 |
| Madhapur | 5,378 - 8,699 | 7,043 |
| Mehdipatnam | 3,616 - 5,378 | 4,497 |
| Miyapur | 3,819 - 5,725 | 4,771 |
| Nacharam | 3,335 - 5,438 | 4,385 |
| Nagole | 3,500 - 5,075 | 4,295 |
| Nallagandla | 4,668 - 6,499 | 5,586 |
| Nanakram Guda | 5,365 - 7,541 | 6,455 |
| Narsingi | 4,418 - 6,608 | 5,516 |
| Nizampet | 3,044 - 4,573 | 3,806 |
| Pragathi Nagar | 3,342 - 4,634 | 3,989 |
| Puppalaguda | 3,676 - 5,157 | 4,418 |
| Rajendra Nagar | 4,403 - 6,444 | 5,427 |
| Sanath Nagar | 5,062 - 7,273 | 6,172 |
| Shaikpet | 5,497 - 7,728 | 6,612 |
| Suchitra Circle | 3,513 - 4,640 | 4,081 |
| Tellapur | 4,081 - 5,771 | 4,922 |
| Toli Chowki | 3,267 - 5,246 | 4,250 |
| Uppal | 3,110 - 4,781 | 3,947 |
| Whitefields | 5,598 - 7,719 | 6,661 |
(Disclaimer - The values presented here are not the actual transactions but an approximate price that may vary with time and inflation. Proppick.com does not own the accuracy of the data presented here. One should not rely completely on this information and should verify the data independently).
Factors causing Property Price Rise
The rise in job opportunities played a major role in the increase in demand in commercial segments. This has consequently helped in pulling up the demand for more residential units – villas, apartments and flats in Hyderabad. The share of coworking space in the total office space picked up fairly by 46% from last year’s 26% in the same period.
The growth trajectory of Hyderabad’s real estate market is also evident from the fact that there is a 67% decline in unsold inventory - 4265 units (at present, as per the Knight Frank report) in the residential real estate market. If sales continue at the same pace, the unsold stock will be gone in just three months. Proppick provides a good Resale flats in Hyderabad platform - for home buyers where you can easily find resale flats at very reasonable prices.
The major pull factor for the rise in the demand and prices of the property in any locality is determined by its proximity to the office and educational institutions. Localities like Financial district, Hitech city, Madhapur, Kondapur and Gachibowli have seen a steep rise in prices in the last 2-5 years due to its robust infrastructure and closeness to major IT companies. You can easily find affordable to luxury apartments for sale in these areas.
Gated and non-gated community options for villas, flats and apartments in Hyderabad, are also available for home buyers to make a correct choice based on their property requirements.
Prices to Rise Further
The report forecast that the property prices in Hyderabad city are likely to rise up further because of demand and supply mismatch.
Also there has been 11% hike in rentals for flats, villas and apartments in the west and north Hyderabad, mainly where IT professionals are residing.
With big-ticket investments fuelling Hyderabad’s real estate, land prices in the city have seen an exponential rise in recent times, with some even registering a 100% escalation. Few of these localities which are topping the chart are Kukatpally, Miyapur, Kollur, Tellapur, Uppal, Kompally, Medchal. Please checkout - Best Real Estate Investment Areas in Hyderabad for more information.
Final Words:
As compared to the other popular metro cities of India, Hyderabad is an exception where property prices have increased in real terms, in recent times.
We at Proppick believes in the power of information and the price trend presented in this article is aimed at empowering our genuine property buyers to understand the property price trends. This will help you to make an informed decision while buying a right property which is in your budget.
For more information about a search and purchase of apartments in Hyderabad, we are always ready to assist you - in making your dream property a reality to live in.
