Real estate development in Hyderabad is booming. The historically rich capital, also known as the City of Pearls, has some key localities that provide a unique advantage for real estate investors looking for thriving residential localities to invest in Hyderabad.
There are several diverse locations to invest in Hyderabad. From affordable housing in Kondapur and Bachupally, to high end properties in Kokapet and Jubilee Hills.
In this article, we’ll look at several locations in Hyderabad that offer great opportunities to invest in residential properties.
Top Locations to Invest in Hyderabad in 2024
Kokapet
Situated near Hyderabad’s IT corridor, Kokapet is an upscale, beautiful residential locality. An ideal spot if you’re looking for residential properties and investment, especially for those looking to lease to professionals working in tech companies.
It’s a well-developed locality with scenic villas and apartments that can provide high returns on investment.
Know More about Kokapet, Hyderabad
Property Rates:
Apartments: Rs 7,100-11,000 per sq. ft
Advantages:
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Close proximity to major IT hubs
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Superior infrastructure and connectivity
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High demand for premium residential properties
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Due to a consistent influx of IT professionals seeking quality housing, property values are expected to appreciate steadily.
Bachupally
Situated in northwest Hyderabad, Bachupally is an emerging suburb rapidly gaining popularity. It caters to a diverse demographic with varying housing needs, offering a range of apartment sizes.
The area is well-equipped with educational institutions, shopping malls, colleges, restaurants, and fitness centres, making it an ideal choice for families, young professionals, and real estate investors.
Know More about Bachupally Hyderabad
Property Rates:
Apartments: Rs 4,200-6,700 per sq. ft
Advantages:
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Affordable housing options
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Comprehensive amenities including schools and malls
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As the area continues to develop, property values are expected to rise, offering good returns for early investors
Kondapur
Kondapur is a cost-effective residential area located in western Hyderabad.
It’s near the city centre, and has a well-developed infrastructure, which is a great selling point for budget-conscious buyers.
Apart from that, there are several residential complexes and ongoing developmental projects, that are only going to further enhance Kondapur’s appeal and its potential.
Know More about Kondapur Hyderabad
Property Rates:
Floor Apartments: Rs 6,100-9,800 per sq. ft
Multistorey Apartments: Rs 9,055 per sq. ft
Advantages:
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Affordable property prices
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Proximity to the city centre
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Well-developed infrastructure
Gachibowli
Gachibowli not only is a major IT hub home to several working IT professionals. It also has business parks, tech company offices, and a huge university campus.
Gachibowli’s status as an IT hub already ensures that there’ll always be demand for residential properties.
While this makes it a reliable option for residential investment, the high supply of upcoming properties necessitates careful consideration regarding entry prices and investment timelines.
Know more about Gachibowli Hyderabad
Considerations
Due to high upcoming supply, investors should seek attractive entry prices and consider long lock-in periods.
Advantages:
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Proximity to major IT companies
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Presence of educational institutions
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Well-established business infrastructure
Narsingi
Narsingi is perhaps the fastest-growing satellite town in Hyderabad. Right next to the Outer Ring Road, offering excellent connectivity to major IT areas like Wipro Circle, Gachibowli, and HITEC City.
It is alocality, and highly popular among investors due to its strategic location.
Know more about Narsingi Hyderabad
Advantages
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Rapid development
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Proximity to key IT hubs
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Excellent connectivity via the Outer Ring Road
Other Promising Locations to Invest in Hyderabad in 2024
There are many other localities and neighborhoods where one can invest in residential properties in Hyderabad. Some of these are:
Tellapur
Tellapur is An emerging residential neighborhood with developing infrastructure.
Manikonda
Manikonda is another affordable locality, frequently opted for by IT professionals.
Kompally
Away from the noise of the city, Kompally is known for its serene, beautiful environment and reasonably priced houses.
Shankarpalli
Shankarpalli is infamous for its peaceful setting and potential for future appreciation.
Rajendra Nagar
Rajendra Nagar provides a mix of residential and commercial properties, with ongoing infrastructure development.
Jubilee Hills
Jubilee Hills is an upscale locality known for luxury properties and high-end living.
Bottom Line
Hyderabad’s real estate market is full of opportunities. Whether you’re looking to invest in the housing sector in Kondapur & Bachupally, or invest in the hustle-budtle of HITEC City, the city’s real estate is developing rapidly.
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Through Assetscan, buyers can leverage our AI-powered insights to make smarter, data-driven decisions and ensure they capitalize on the best opportunities in this thriving market.
Information sources
https://www.magicbricks.com/blog/real-estate-investment-in-hyderabad/129962.html
https://www.99acres.com/articles/invest-in-kompally-hyderabad.html
