Hyderabad today excels! Thanks to the investment that pours into the city due to the IT industry. Demand for rental housing is driven majorly by IT/ ITeS professionals. These industry professionals are always searching for rental accommodation nearest to their workplace. This is why the areas with the best rental structures in Hyderabad are concentrated in the western part of the city.
In order to help consumers understand the rental market, we have compiled a list of five areas that offer you the best rental structure in Hyderabad.
Average Rent: Rs 30,000 per month.
Making a name for itself in the suburbs of Hyderabad, Gachibowli attracts a large number of residents comprising of prime commercial hubs and the University of Hyderabad.
The area does compliment the well-laid social and physical infrastructure and network on the liveability front. At the same time, the area is set to receive a massive influx of potential suitors. The supply in the area is well-served by the builders and contractors. That, in turn, fetches the best rental prices for its worth to tenants.
3 BHK flats in Gachibowli are synonymous with the present-day workforce of the nearby IT hubs. The area is indeed recognized owing to the grand floor sizes and amenities.
Average Rent: Rs 55,000 per month.
Acting as a residential hub for the city’s IT centres, including the areas like HITEC City, Jubilee Hills, and Gachibowli. The proximity of Madhapur to leisure hubs, i.e., the food trucks, cafes, GHMC dog park, Inorbit Cyberabad, State Art Museum, etc., make it an expensive area.
As the location caters mainly to the premium segment, most of the available properties are in the 3 BHK or 3 BHK+ configurations.
Average Rent: Rs 40,000 per month
Carving out a niche for itself, Kondapur is doing splendidly well regarding rental returns. This area is recording a gradual rise in capital appreciation year in and year out. Kondapur was distant from the city centre long ago. Currently, it has in fact it has become one of the locations that are centrally located. A lot of the IT crowd lives there because of its proximity to the IT corridors.
The commercial development in the region is expected to raise the rent prices exponentially. While renting is an option many take, if you were to get your hands on a 3 BHK for sale in Kondapur, you could quickly expect a capital appreciation of at least 8 percent.
Average Rent: Rs 25,000 per month
Ameerpet is situated close to Secunderabad. It serves as both a commercial and a residential hub in Hyderabad. The area also houses the metro station where passengers interchange between the Red and Blue lines of the Hyderabad Metro.
Home to many software training institutes and coaching centers. This area is trendy among students and bachelors. The area also blooms with families partly because of the affordable rent and partly due to connectivity.
Average Rent: Rs 15,000 per month.
The most popular residential area of Hyderabad on this list, Serilingampally, is a famous region among bachelors and families. Situated almost 13 km from HITEC City and 2 km from NH 65, it is a highly sought-after location.
You can avail the benefits of its strategic location by accessing a slew of premium schools, colleges, hospitals, gyms, and restaurants. While never missing out on an essential amenity.
If you are looking to invest in flats for sale in Serilingampally, right now is the perfect time to enter the market.
If you plan to invest for the next 3-5 years, this is the right time to enter the market to receive maximum yield and capital appreciation. On the other hand, if you are moving into the city for the first time, these areas are assured to give you the best rental structure in Hyderabad.