Hyderabad - Best Affordable City to Buy or Rent

have gone up just by 11 percent, the report added. Hyderabad is the well developed city with all the features. One can find a residential property for rent or to buy at affordable prices. For every budget, the city offers luxury apartments to affordable apartments. Due to various reasons the real estate business in Hyderabad has taken a whipping. However, the downtrend has a positive feature.

According to Artha Yantra an integrated personal finance advisor company, Hyderabad city is the most affordable place for those who aspiring to buy or rent a home as compared to other cities like Mumbai, Chennai, Bangalore, Pune, Delhi and Kolkata. The study also states that the individual who earns more than Rs 10 Lakhs per annum ought to buy property in Hyderabad as the property costs have boosted in other metropolitan cities.

The online study conducted on the real estate investments in India is categorized professionals in three categories and stated that the first category professionals earning less than Rs 8 to 10 Lakh salaries per annum are advised to rent accommodation. The second category individuals earning more than Rs 10 Lakh per annum can prefer renting or purchasing a property with little changes in their lifestyle as the property prices in the other cities have gone up where the Hyderabad still remains reasonable.

The study states that the third category individuals who earn more than Rs 12 Lakh and above undoubtedly can go for purchasing the residential property without compromising the way of life.

The Buy vs. Rent 2014 report by the financial advisor Artha Yantra has been intended to reveal the monthly payment to be made by the home owner than renting.

Since 2013, Hyderabad witnessed a 15 percent hike. An average rental in the city is predictable at Rs 12,000 per month.
The aspirants who want to purchase a home in Hyderabad want to spend three times more to own a property in Delhi and Mumbai for the same area.

In the past two years, Hyderabad had turned out to be the cheapest/affordable city to buy as well as rent a home as compared to other cities; one of the reasons behind the reasonable prices in Hyderabad is bifurcation.

Accordingly, Hyderabad city has been ranked as the foremost affordable place for a professional in terms of both renting and buying a property.