Hyderabad Real Estate, Apartments for Sale Coming out of their Stagnation Phase
After the much-publicized division of Hyderabad and creation of new Telangana state, National Housing Bank declared that a 4-5% cut in prices have taken place since the separation. But refuting these claims, the Confederation of Real Estate Development Association of India (Credai) declared these figures as inaccurate and stated that there has been no appreciable fall in the prices for real estate in Hyderabad. In fact, as per Credai, the rates have maintained their erstwhile values, i.e. they have remained stable since after the division.
The prices in the city had been almost stagnant since last 4-5 years. It is after the creation of Telangana that the rates have started appreciating in several localities. If the trend continues in the coming months too, the property in Hyderabad shall come out of its shell: the value of properties has been below the average mark; with the escalation, the undervalued properties shall see the much-needed 'whiff of fresh air'. If the analytical data are to be trusted, the flats for sale in Hyderabad shall see an accretion of up to 15% in next half of 2013.
Let's see how different localities are sharing in terms of price rates, in the Apr-Jun quarter. The areas like A.S.Rao Nagar, Bachupalli, Attapur, Bowenpally, Gachibowli, Hi-Tech City, Kukatpally, and KPHB have seen a good escalation in rates of residential properties. Bachupalli saw the maximum rise of 15%, followed by Gachibowli (10%), and Attapur (9%). The localities where the appreciation was recorded between 5-7% include Nizampet, Miyapur, Manikonda, and KPHB. L B Nagar and Sant Nagar witnessed a growth rate of 2%.The areas like Ameerpet, Banjara Hills, Kompally, Kondapur, and Padam Rao Nagar are the regions where apartments for sale in Hyderabad saw a slump. The maximum depreciation of rates were noticed in Padam Rao Nagar: a 17% plummeting of prices.
Let's us switch to per sq. ft rate in these localities. The highest value of Rs. 5795/- is witnessed in Banjara Hills, followed by Madhapur(Rs. 4447/sq. ft), and Sant Nagar (Rs. 4333/ sq. ft), thus making them expensive localities to buy a property. In areas like Kukatpally, KPHB, Hyder Nagar, Tellapur, and Miyapur, the per sq. rate lies in the range Rs. 3000-3500/ sq. ft. Those looking for still lesser values can look for properties in A S Rao Nagar, Attapur, Bachupalli, Bowenpally, Manikonda, LB Nagar, and Kompally, and Malkagiri.
With the expected increase in the rates, the Hyderabad real estate is predicted to follow investors' sentiments. As far as end-users are concerned, it is the right time for them to make a purchase.
The prices in the city had been almost stagnant since last 4-5 years. It is after the creation of Telangana that the rates have started appreciating in several localities. If the trend continues in the coming months too, the property in Hyderabad shall come out of its shell: the value of properties has been below the average mark; with the escalation, the undervalued properties shall see the much-needed 'whiff of fresh air'. If the analytical data are to be trusted, the flats for sale in Hyderabad shall see an accretion of up to 15% in next half of 2013.
Let's see how different localities are sharing in terms of price rates, in the Apr-Jun quarter. The areas like A.S.Rao Nagar, Bachupalli, Attapur, Bowenpally, Gachibowli, Hi-Tech City, Kukatpally, and KPHB have seen a good escalation in rates of residential properties. Bachupalli saw the maximum rise of 15%, followed by Gachibowli (10%), and Attapur (9%). The localities where the appreciation was recorded between 5-7% include Nizampet, Miyapur, Manikonda, and KPHB. L B Nagar and Sant Nagar witnessed a growth rate of 2%.The areas like Ameerpet, Banjara Hills, Kompally, Kondapur, and Padam Rao Nagar are the regions where apartments for sale in Hyderabad saw a slump. The maximum depreciation of rates were noticed in Padam Rao Nagar: a 17% plummeting of prices.
Let's us switch to per sq. ft rate in these localities. The highest value of Rs. 5795/- is witnessed in Banjara Hills, followed by Madhapur(Rs. 4447/sq. ft), and Sant Nagar (Rs. 4333/ sq. ft), thus making them expensive localities to buy a property. In areas like Kukatpally, KPHB, Hyder Nagar, Tellapur, and Miyapur, the per sq. rate lies in the range Rs. 3000-3500/ sq. ft. Those looking for still lesser values can look for properties in A S Rao Nagar, Attapur, Bachupalli, Bowenpally, Manikonda, LB Nagar, and Kompally, and Malkagiri.
With the expected increase in the rates, the Hyderabad real estate is predicted to follow investors' sentiments. As far as end-users are concerned, it is the right time for them to make a purchase.
