Good Time to Invest in Hyderabad Real Estate

Bangalore: The market sources have revealed that Hyderabad’s real estate market is witnessing a consolidation mode. Besides, the realty market of Hyderabad has affordable option for end users. The city’s real estate market is still observing a buyer friendly market contrary to other metros like Mumbai and Delhi, where the real estate prices have touched the sky and become unaffordable for common man, reports MagicBricks.com.

According to Nitin Bichala, Managing Director (MD), Brook Realtors, “Since the prices are the lowest in Hyderabad, there is only upside in terms of appreciation.” He further stated that areas including Attapur, Shaikpet, Nanakramguda, Madinaguda, Miyapur, Kukatpally, Chandanagar, Gachibowli, Gopanpally, Nallagandla and Lingampally to name a few, are good to invest in Hyderabad.

According to MagicBricks.com data, in the January- March quarter of 2012, apart from areas like Ameerpet and Hi-Tech city, other areas in Hyderabad have barely seen any increase in the multi-storey apartment prices.

The current market scenario of Hyderabad offers good options for investors who are seeking to invest in property as the price appreciation in future looks optimistic.

Rahul Singhal of Grow Well Properties stated that in today’s date, investing in Hyderabad property outlook guarantees price appreciation as well as offers good rental value. For instance, a 3-bedroom flat in a prime location like Hi-tech city or in a suburb like Kompally would fetch rental amount of about 15000 per month.