Are you looking to invest in real estate in Hyderabad? Well if you are planning you are on the right way to build your assets as well as to earn a healthy rental return on your investment.
Hyderabad is a city with bright investment prospects due to the presence of IT companies. Along with this the property prices are quite affordable. Therefore, investment in real estate sector can bring good returns to those with long term investment plans. However zeroing in with the right location to invest your money at is a complicated task. Let us have a look at the best locations of the city that are most preferred by people looking for rentals.
Manikonda is located in the west zone of the city. It is nearby to Gachibowli, Hitech city, Nanakramguda, Shaikpet and Raheja Park that are called as the IT corridors of the city. Owing to this, people working in IT companies in these areas prefer to reside in Manikonda. There is huge demand for rental properties in this area and the most preferred type is flat. IT hubs like Gachibowli and Hitech are easily accessible through ORR.
All the basic amenities schools, colleges, restaurants, hospitals, parks, etc are nearby and can be accessed easily. Rental income on properties in Manikonda is approximately Rs 10,000 to Rs 25,000 for a 2bhk apartment whereas for a 3bhk the range is Rs. 15,000 to Rs. 45,000 per month.
Gachibowli is an IT suburb of Hyderabad. It comprises of commercial as well as residential properties. The area is well connected to IT hubs like Hitech. ORR connects it with major spots like international Airport, Chandanagar, Kukatpally, Banjara Hills and many more. Companies like Microsoft, TCS, Amazon and Accenture have offices in Gachibowli. Residential properties here provide a great option for those working in these companies. Rent expected is Rs 10,000 to Rs 30,000 for a 2 bhk and Rs 15,000 to Rs 50,000 per month for a 3bhk.
Chandanagar is a suburb that is nearby to Madhapur and Hitech city, the area has a balanced mix of residential and commercial properties. It connects with Mumbai as it is located on Mumbai Highway and for this reason it is preferred by those working in Mumbai as well. If you invest in residential property in Chandanagar, you can earn rental income in the range of Rs 12,000 to Rs. 20,000 per month for a 2bhk and a 3BHK can fetch you Rs 15,000 to Rs 25,000 per month.
It is one of the most known residential areas in Hyderabad. Infrastructure at Kukatpally is well-established with restaurants, supermarkets, schools, banks, shopping malls all around. The location enjoys close proximity with Madhapur, L&T Infocity and Hitech city. Rental income for 2bhk houses and flats is in the range of Rs 10,000 to Rs 20,000. And 3bhk flats can fetch return between Rs 12,000 to Rs 40,000 per month.
It is known as the financial district of Hyderabad and located in north-west part of the city. The suburb has all the facilities that are preferred by home seekers. Nanakramguda is connected to Madhapur, Kondapur and Gachibowli, the most popular suburb of Hyderabad. The financial district is itself a hub of multinational companies such as Wipro and Deloitte. It is most popular housing destination in Hyderabad which is also reflected in the rental price expected in this area which is Rs 20,000 to Rs 50,000 per month for 3bhk and Rs 15,000 to Rs 30,000 per month for 2bhk residential property.
All the above five locations are good investment options for earning good rental income if you are considering Hyderabad city. However, price trends do fluctuate time to time. Keep them in check to get the best deal while buying.