Apartments for sale in Hyderabad

Hyderabad is one of the bustling metropolises in India that has deep routed cultural, traditional, and historical ties to India. Hyderabad is popularly referred to as the ‘City of Pearls’ due to the presence of the pearl processing and trading industries. Hyderabad has its roots in both traditional and modern forms of culture and architecture. It also holds various monuments, historic forts, and palaces like Golconda Fort, Chowmahalla Palace, and Charminar Palace. Hyderabad is also known for its distinct variety of cuisines, which incorporate Persian, Mughlai, and Telugu. 

The infrastructure in Hyderabad is well-designed and forward-thinking. It has better connectivity and excellent transportation facilities. Apart from these, Hyderabad also has the finest medical facilities, top educational institutes, and retail centers. With all these available amenities, there is a growing demand for residential properties in Hyderabad. The city’s rapid development and growth offers homebuyers a wide range of options, from affordable to premium apartments. 

Top Localities to Buy Flats in Hyderabad 

Hyderabad is one of the most popular cities in India to invest in real estate. However, buying flats for sale in Hyderabad can be challenging as all the locations in Hyderabad have their own advantages, infrastructure, character, allure, and rate of growth. Some of the factors that make a location most appropriate to buy flats for sale are the buyers reputation, accessibility and connectivity, and budget considerations. Taking all these factors into consideration, the top five localities to buy flats for sale in Hyderabad are Narsingi, Kokapet, Gachibowli, Miyapur, and Manikonda.

1. Narsingi 

Narsingi is one of the popular residential areas located on the western outskirts of Hyderabad. It has closer proximity to Outer Ring Road, which connects Narsingi to other localities like Gandipet, Nanakramguda, Manikonda, Shaikpet, and Kokapet. It is located in closer proximity to various educational institutions and entertainment centers. It has better investment potential due to the property appreciation value. It offers a wide range of residential options, like villas, apartments, and independent houses. 

2. Kokapet 

Kokapet is one of the most sought-after residential localities in Hyderabad. With better connectivity and well-developed social infrastructure, it has become a hot spot in the IT corridors of Hyderabad. It has better accessibility to some of the most popular localities in Hyderabad, like Jubilee Hills, Somajiguda, Hitech City, and Banjara Hills, via the Inner Ring Road and the Outer Ring Road. Due to the presence of various commercial complexes like healthcare facilities, banks, supermarkets, restaurants, and other conveniences, it is the best choice for both investors and home-buyers. 

3. Gachibowli 

It is situated in the western parts of Hyderabad, which is famously known for its educational institutions, research centers, and technology companies. The rapid growth and development of IT parks in this area have created an increased demand for residential apartments in this area. It offers a plethora of job opportunities for residents due to the presence of Hitech City (5 km) and the Financial District (4 km). It offers better connectivity to other parts of the city due to the presence of the Outer Ring Road. It also has Sports City, which offers world-class facilities with various advantages.

4. Miyapur 

Miyapur is situated at a distance of 22 km from the main city. It is one of the best places to purchase apartments for sale at the cheapest price possible. It has better accessibility to the city center via Miyapur, Kompally Intermediate Ring Roads, and Miyapur-Gachibowli Road. Miyapur has various lakes and parks that offer a serene and peaceful setting to its residents. It offers excellent infrastructure with eminent educational institutions, a renowned hospital, and various shopping malls. It has all the necessary civic amenities and well-maintained social infrastructure.

5. Manikonda 

Manikonda is one of the most popular neighborhoods in Hyderabad. It is located 17 km west of Hyderabad’s city center. It is one of the rapidly expanding residential areas that has gained significant attention. It is located in close proximity to well-known employment hubs like Banjara Hills, Gachibowli, and Hitech City. Some of the prominent landmarks that are located near Manikonda are Outer Ring Road, Jubliee Hills, Financial District, University of Hyderabad, Varum Motors, and Golconda Fort. Due to all the factors mentioned, Manikonda is one of the best localities in Hyderabad to invest in real estate. 

Key Highlights and Advantages of Buying Flats in Hyderabad 

• Investing in a property in Hyderabad will yield higher returns due to the ever-growing demand for flats and apartments across the city. 
• Since rental demand is high in Hyderabad, buying a flat and renting it will generate a steady source of income. 
• The city has excellent infrastructure with better connectivity due to the presence of the Outer Ring Road and the Metro Rail Project. 
• The International Airport located in Hyderabad is the Rajiv Gandhi International Airport in Shamshabad city.
• There are three occupational metro lines in Hyderabad, namely the Blue, Green, and Red lines, which enhance commuting. 
• Some of the popular IT companies located in Hyderabad are Apple Google, Amazon, Deloitte, Genpact, Microsoft, Wipro, Infosys, TCS, and more. 
• The stamp duty charge in Hyderabad is 4%. However, the stamp duty for the sale agreement with General Power of Attorney (GPA) is 5%, and the sale agreement without possession is 0.5%. The stamp duty charges in Hyderabad remain the same, irrespective of gender. 
• The registration charge for properties in Hyderabad is 0.5% . However, the registration charges for the sale agreement with General Power of Attorney are 2000 INR. The registration charges in Hyderabad remain the same, irrespective of gender. 
• Transfer duty charges are also applicable in Hyderabad. The transfer duty charge is 1.5% of the total property value, irrespective of gender. 
• Some of the top real estate builders in Hyderabad are Aparna Constructions and Estates Private Limited, Brigade Group, Casagrand Builder Private Limited, Aliens Group, and Prestige Group. 

Current Market and Price Trends in Hyderabad 

Hyderabad’s real estate has gained attention in recent years due to its dynamic and ever-evolving nature. Some of the upcoming projects that impact real estate in Hyderabad are: the upcoming metro phase-2 line; the Regional Ring Road linking districts and national highways; the bullet train corridor for smooth commuting between Mumbai, Pune, and Hyderabad; and the country’s largest World Trade Center in Shamshabad. As of now, the average price trends in the top localities in Hyderabad with their property value increases in the last 10 years are: 

• Narsingi- 5000 INR, with 84.5% increase 
• Kokapet- 5100 INR, with 75.8% increase 
• Gachibowli- 5500 INR, with 48.7% increase 
• Miyapur- 5000 INR, with 70.5% increase 
• Manikonda- 4500 INR, with 97.5% increase 
• Kukatpally- 4700 INR, with 66.5% increase 
• Madhapur- 7000 INR, with 91.9% increase 
• Lal Bahadur Nagar- 4500 INR, with 84.9% increase 
• Kondapur- 5500 INR, with 85.7% increase 
• Kompally- 3700 INR, with 84.6% increase

Disclaimer: This data is purely based on the Market research