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Properties for sale in Somajiguda, Hyderabad
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About Properties in Hyderabad for Sale
About Hyderabad
Hyderabad is now one of the top cities aiming to reach new growth in the real estate sector & especially in the residential market of India.
Presence of the well-known IT, Bio-Pharmaceutical companies, Special Economic Zones & automobile companies makes it a priority among working professionals across the country.
Rising startups & availability of multinational companies attract working individuals from various sectors. And the reasonable rents across the localities of Hyderabad prove to be supportive for both businesses & job searchers.
Currently, it is famous for property buying among investors & homebuyers due to the availability of residential flats & plots ranging from mid, high-end, luxury & ultra luxury options with varied budget segments. This is possible because of the key real estate developers existence here such as Lodha Group, Kalpataru, Brigade, Prestige, Ramky & many more.
Based on Q3 2023 reports, the supply & budget segment for newly launched properties in Hyderabad follows:
- 22% Mid-end Properties Within Rs. 40L - 80L Price
- 21% High-end Properties Within Rs. 80L - 1.5 Cr Price
- 31% Luxury Properties Within Rs. 1.5Cr - 2.5 Cr Price
- 26% Ultra-Luxury Properties Within > Rs. 2,5 Cr Price
About Hyderabad Real Estate
- The residential sector of Hyderabad has four districts - Hyderabad, Rangareddy, Medchal-Malkajgiri & Sangareddy.
- As per the Telangana Registration & Stamps Department, approximately 5,411 residential properties were registered across these districts in January 2024 - Rs. 3,279 Cr of total property value with 24% YoY Growth.
- Now, the Rangareddy district emerged at the leading position contributing 43% of the overall registrations, whereas Medchal-Malkajgiri was around 42% & Hyderabad around 15%.
- In January 2024, the property registrations in Hyderabad across the districts were as follows:
- 47% Properties - Rs. 25 - 50 L
- 15% Properties - Rs. 25 L Or Less
- 14% Properties - Rs. 1 Cr Or Above
- Carpet Area Wise Property Registrations In January 2024 follows:
- 71% for the carpet area range of 1,000 - 2,000 sq. ft.
- The demand for properties in Hyderabad under 1000 sq. ft has fallen to 16% in Jan 2024. At the same time, it was around 19% in Jan 2023.
- The demand for properties in Hyderabad above 2,000 sq. ft has risen to 13% in Jan 2024. At the same time, it was around 9% in Jan 2023
- Based on all this, the report states that the prime developers are keeping 3 BHK flats in Hyderabad or more as the major preference. This is because the homebuyers here are demanding larger & expansive homes.
- This rise in demand for flats in Hyderabad is due to many reasons. One of the prominent ones is the most significant property price rise in Hyderabad of approximately 11% year over year. And quarter-over-quarter price growth of Hyderabad is around 2%.
Key Features About Hyderabad
- Hyderabad is now standing at the prime position in the real estate market due to its rising demand for properties from across the country.
- Residents here prefer luxury homes over affordable ones. This is leading the city to achieve exceptional YoY property price growth & grab the attention of Grade A developers of India.
- Best localities for buying flats in Hyderabad are Jubilee Hills, Kukatpally, LB Nagar, Banjara Hills, Madhapur, KPHB, Moti Nagar, Tolichowki, etc.
- The latest per sq, ft prices in Hyderabad for different localities range between Rs. 5,000 - Rs. 11,000. This helps the city attract property buyers across the affordable to ultra-luxury preferences.
- Hitec City, Madhapur, Gachibowli, Begumpet, Jubilee Hills, Secunderabad, etc are the prime commercial hubs in Hyderabad.
- IIT Hyderabad, Jawaharlal Nehru Technological University, University of Hyderabad, IIIT Hyderabad, NIPER, ISB, etc are renowned educational institutions in Hyderabad.
- Apollo Hospitals, KIMS Hospitals, Continental Hospitals, Medicover Hospital, Yashoda Hospital, etc are the top healthcare options for the residents of Hyderabad.
- Top real estate developers established in Hyderabad are Prestige Group, Phoenix Group, NCC Urban, Lodha Group, Brigade, Kalpataru, etc.
- NH44, NH65, NH163, Raipur–Hyderabad Expressway, P. V. Narasimha Rao Expressway, Vijayawada - Hyderabad Expressway, etc are the major roadways providing local connectivity & also to Bangalore & Nagpur.
- Secunderabad Junction, Hyderabad Deccan, Warangal Junction, Begumpet, Kazipet Junction, etc are the key railway stations that will provide you with smooth accessibility to city-wide locations.
- The future coming Ginigera-Raichur New Broad Gauge Line will help in short-time access between Hyderabad and Goa.
- The future coming Hyderabad Regional Ring Road will let you easily travel across the major destinations of Hyderabad city.
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Frequently Asked Questions
Is Hyderabad good for investment?
Is Hyderabad good for investment?
Currently, the demand for residential properties in Hyderabad is going up. This has resulted in a gradual rise in the property price appreciation in Hyderabad, making it a perfect place for real estate investment.
Which is the best place to buy a property in Hyderabad?
Which is the best place to buy a property in Hyderabad?
Jubilee Hills, Kukatpally, LB Nagar, Banjara Hills, Madhapur, KPHB, Moti Nagar, and Tolichowki are some of the best localities for real estate investment in Hyderabad.
What is the per sq. ft rate in Hyderabad?
What is the per sq. ft rate in Hyderabad?
The per square feet price in Hyderabad is around ₹5,000 to ₹11,000.
Which is the best job location in Hyderabad?
Which is the best job location in Hyderabad?
Hitec City, Madhapur, Gachibowli, Begumpet, Jubilee Hills, and Secunderabad are the prime spots for employment opportunities in Hyderabad.
Which is the best educational institute in Hyderabad?
Which is the best educational institute in Hyderabad?
IIT Hyderabad, Jawaharlal Nehru Technological University, University of Hyderabad, IIT Hyderabad, NIPER, ISB, etc are the best education institutions in Hyderabad.
Are there any luxury properties in Hyderabad?
Are there any luxury properties in Hyderabad?
Famous developers like the Prestige Group, Phoenix Group, NCC Urban, Lodha Group, Brigade, Kalpataru, and many more have their properties in Hyderabad.
Which are the best hospitals in Hyderabad?
Which are the best hospitals in Hyderabad?
Many great healthcare facilities like Apollo Hospitals, KIMS Hospitals, Continental Hospitals, Medicover Hospital, Yashoda Hospital, etc. exist in Hyderabad.
What is the growth rate in property prices in Hyderabad?
What is the growth rate in property prices in Hyderabad?
Every year, Hyderabad is noticing an 11% increase in property prices.
What are the upcoming projects in Hyderabad?
What are the upcoming projects in Hyderabad?
The upcoming Ginigera-Raichur New Broad Gauge Railway Line & the Hyderabad Regional Ring Road will connect Hyderabad to different parts of the country.
What is the price range for properties in Hyderabad?
What is the price range for properties in Hyderabad?
The property price range in Hyderabad is between ₹40 Lakhs to more than ₹2.5 Crores.