How New Infra Projects Are Reshaping Hyderabads Suburbs
December 2024
Addabidde / Namaskaram, from Bengaluru & Hyderabad. Today we will see how real estate markets vary in these two prominent IT hubs of India. Let’s go.
Well, whenever a city starts progressing, job opportunities arise, that draws hundreds of people each day. Hyderabad and Bengaluru are examples of two such metropolitan cities, where the house rentals and property purchases face opposite trends.
The real estate market in Bengaluru
Bengaluru, termed as the silicon valley of India enjoys beautiful weather, thus making dwelling even more favourable. The city is home to some of the famous luxury fashion brands, startups and international financial institutions, which has left people with disposable income. Localities such as Whitefields, Sarajpur, Horamavu & Electronic city (major job hub) are some of the popular areas where the cost of the property begins from INR 8,030- INR16,500 / sq.ft (highest) to INR 5500-7500 / sq. ft. (lowest).
The real estate market rose by 3.7 % in the Q3 of the fiscal year 2022 and the 3BHK segment tends to be the preferred option for apartment purchase. Let us all accept the fact that real estate market values fluctuate with time and locality.
To have a decent living, a minimum salary of 50,000 INR or above per month (for bachelors / 1 BHK basis) is recommended, because after all those rental, grocery, utility bills and miscellaneous deductions you need some satisfying remnants of your hard work in your wallet.
You should thank the stars who helped you find a job in Bengaluru, that compelled you to embrace the popular traffic congestion, relish popular cuisines such as bisi bele bath, akki roti and high end luxury stores of this south Indian city.
The real estate market in Hyderabad
Hyderabad is one of the renowned cities that is affordable for all working groups: from a street vendor to an IT employee. The food, house rentals, modes of public transport such as Hyderabad metro, culture and the geographic location of Hyderabad, make it one of top preferred cities to inhabit.
In Hyderabad, the regions in and around IT corridor such as Madhapur, Kondapur, Gachibowli, Manikonda, Raheja Mind space, Hitech city are popular amongst IT and ITes employees. The price could range anywhere between 6000-9000 INR / sqft in these localities, while the cost of a 3BHK apartment in such a popular neighbourhood ranges between 50-80 lacs, a high end luxury apartments soar to anywhere between 90 lacs-1.45 / 2 crores, with all amenities.
Localities such as Kukatpally, Nizampet, Miyapur also offer housing properties for every budget. The rentals are pretty decent in the cantonment area (between 7,000-20,000 INR), such as Sainikpuri, West Marredpally, A.S.Rao Nagar, ECIL X roads and Kapra. Hyderabad is one of the best budget friendly cities in India, where a fresher ( software engineer ) can make a decent peaceful living while living in a rented accommodation.
Hyderabad advantage :
- Popular IT hub.
- Less traffic congestion along with affordable bus and good metro connectivity.
- Affordable housing / real estate sector.
- Rajiv Gandhi International Airport and railway stations (Secunderabad junction, Kacheguda and Nampally railway station ) can be reached without any extra effort.
The best real estate service partner in Hyderabad
The tug of war will always exist between these two cities as far as the real estate sector is concerned. However, it’s the individual who makes the final decision at the time of buying a property. With over 14000 housing units sold in Apr-Jun 2022, the real estate market sees a positive growth in Hyderabad.
It is always a bright idea to have savings in the form of investments in HMDA approved open plots, located in some of the best locations such as Mangalpally (near Ibrahimpatnam) and Ravalkole (near Medchal), that come with best amenities. The earlier you purchase, the better in the long run. To avail attractive open plots and for all your real estate queries, please feel free to reach Srihi Infra: The leading real estate service partner in Hyderabad, for villas, HMDA approved open plots and more. Just call us on +919000688888 or visit www.srihiinfra.com.
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