Real Estate in Telangana Hyderabad - These areas see rise in rental rates
Certain parts of hyderabad have seen an increase in rental prices in the real estate sector. The close proximity to office centers is the reason for this increase. The real estate services company Cushman & Wakefield said that rental rates in hyderabad had stayed consistent throughout the city. Nonetheless, quarter-over-quarter (QoQ) increases of an average of six percent have been observed in certain areas near business centers.
Demand for rental properties is driving rates in Hyderabad
Due to high demand from employees working in office hubs, Banjara Hills, Madhapur, Kukatpally, and Himayat Nagar, have seen an average of a 6 percent quarter-on-quarter (QoQ) and 9 percent year-on-year (YoY) change in rates.
Here are rental rates in these hyderabad localities:
Here are rental rates in these hyderabad localities:
The Real estate market in hyderabad saw a rise in registration
Property registrations have increased in Hyderabad's real estate sector as well. As to the most recent data from Knight Frank India, there were 6,185 residential properties registered in hyderabad in september 2023. The total value of the properties that were registered throughout the month was Rs 3,378 crore.
In september 2023, the market saw a 30 percent YoY rise in the registration of residential properties. In the past month, there was a 42% YoY increase in the value of the registered properties. According to the data, hyderabad had the highest percentage of property registrations in the Rs 25–50 lakh price bracket in September. Fifty-one percent of all properties registered were in this pricing range.
Of all the property registrations, 45 percent were made in Medchal-Malkajgiri, while 41 percent were made in Rangareddy district. In Hyderabad's real estate market, hyderabad accounted for 14% of all registrations.
Property registrations have increased in Hyderabad's real estate sector as well. As to the most recent data from Knight Frank India, there were 6,185 residential properties registered in hyderabad in september 2023. The total value of the properties that were registered throughout the month was Rs 3,378 crore.
In september 2023, the market saw a 30 percent YoY rise in the registration of residential properties. In the past month, there was a 42% YoY increase in the value of the registered properties. According to the data, hyderabad had the highest percentage of property registrations in the Rs 25–50 lakh price bracket in September. Fifty-one percent of all properties registered were in this pricing range.
Of all the property registrations, 45 percent were made in Medchal-Malkajgiri, while 41 percent were made in Rangareddy district. In Hyderabad's real estate market, hyderabad accounted for 14% of all registrations.