Hyderabad’s 5 most affluent neighbourhoods
In this blog post, we will look at the top 5 affluent neighbourhoods in Hyderabad, as well as the property prices and rental rates in these regions.
Property values in Telangana‘s capital, Hyderabad, have been steadily rising since the state of Andhra Pradesh was divided in 2014. According to a study, the average property value in the city is currently somewhat greater than in Bengaluru or Chennai.
At the conclusion of the July-September 2020 period, average property rates in Hyderabad were at Rs 5,593 per sq ft, up 6% from the previous year, while value growth in the other two cities was almost flat.
However, time has not had much of an impact on some of Hyderabad’s most affluent neighbourhoods, despite the city’s abundance of inexpensive housing alternatives.In this post, we will look at five upscale residential neighbourhoods in Hyderabad where having a home is a status symbol.
1. Banjara Hills
Banjara Hills, located on the city’s north western outskirts, has long been considered the most desired residence in Hyderabad. Despite the fact that the neighbourhood has managed to preserve its calm and peaceful surroundings in a city that is busy and fast-paced, Banjara Hills is home to some of the city’s top eateries, retail malls, and educational organisations.
Because there are no new projects in this well-established neighbourhood, homes may only be purchased on the secondary market as and when they become available. With security concerns at the forefront in the aftermath of the Coronavirus pandemic, more upper-class institutions are observed changing base to this tranquil region, while losing assets of bigger proportions in more inexpensive areas
2. Jubilee Hills
Jubilee Hills, another of Hyderabad’s priciest residential districts, is home to a number of actors, politicians, and business magnates. Because there are no new developers in this well-established region due to a lack of land, homes are only accessible in the secondary market, if at all. Deals are few and far between, with prices in the millions of rupees.
3. Gachibowli
Because of its proximity to the city’s IT centres, well-paid IT workers always opt to live in this neighbourhood. Gachibowli, a suburb in the Serilingampally Mandal, is also home to some of the city’s greatest sporting facilities.
Property in Gachibowli is in high demand among end-users and investors due to its future possibilities. Fortunately, there is no shortage of fresh supply to fulfil this need.
4. HITEC City
HITEC City, another luxury neighbourhood sprawled across 200 acres, is approximately 2 kilometres away from Jubilee Hills. In 1998, the then-Indian prime minister, late Atal Bihari Vajpayee, opened this well-planned neighbourhood developed by former Andhra Pradesh chief minister N Chandrababu Naidu. HITEC City is an acronym for the Hyderabad Information Technology and Engineering Consultancy City, and the name is self-explanatory. This region is not just the city’s IT nerve centre, but it is also a hub of healthcare and financial services.
Because there are so many new developments in this area, purchasing a luxury home in this area is not as tough as it is in Banjara Hills or Jubilee Hills.
5. Manikonda
Manikonda, which is home to several premium residential complexes, has emerged as a favourite choice for young and affluent professionals. The region is home to the headquarters of several IT behemoths, as well as Lanco Hills, a USD 1.5 billion high-rise luxury residential development.
This region is a favourite of high-income professionals and businesses due to its proximity to Hyderabad’s IT centres and the availability of fancy houses with stunning interiors.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
