Hyderabad real estate is second most expensive in India .. Congrats KCR KTR

[andhra_jp]

Sky is the limit for high-rise buildings in Hyderabad

Ten projects closer to the Outer Ring Road have been approved with the number of floors ranging from 48 to 59

Special Chief Secretary and Metropolitan Commissioner Arvind Kumar, through his social media account, has listed 10 projects closer to the Outer Ring Road, which have been approved with the number of floors ranging from 48 to 59.

Builders have the advantage of unlimited Floor Space Index in Hyderabad, which allows them to go upward irrespective of the plot size.

Floor Space Index determines the permissible built up area based on the size of the plot. Absence of FSI cap in Hyderabad, and projects with enormous built-up area in relatively smaller-sized land parcels, have resulted in severe traffic issues and choking of civic infrastructure in the western part of the city.

[andhra_jp]

 

[kevinUsa]

47 minutes ago, andhra_jp said:

 

Next election time ki acre 250cr ee

[andhra_jp]

With rentals in Hyderabad hitting the roof, is the city’s real estate sector going the Bengaluru way?

Real estate experts say Hyderabad real estate has always been on an uptick, outpacing even the other hot market, Bengaluru, since 2019.

Much of the real estate demand in the city is driven by the IT sector clustered across the western corridor in Hyderabad—around areas like HITECH City, Kundapur and Gachibowli. The south, closer to the airport, too has slowly started seeing developments.

The eastern part of the city with areas like Secunderabad and Ramoji Film City predominantly see office spaces with affordable residential real estate. And with major land banks available in the north, the area has a flourishing data centre and warehousing business, said Samson Arthur, senior branch director, Hyderabad, at property consultancy Knight Frank India.

According to GV Jagdish, senior realtor at Hanu Reddy Realty, the rent for a 2BHK in prime areas towards the western IT corridor is between Rs 20,000 and 25,000 for unfurnished ones and between Rs 30,000 and 35,000 for furnished ones.

"Last year the rent for a furnished 3BHK was Rs 25,000-30,000 and now it has jumped to more than Rs 40,000," he added.

Real estate experts point out that real estate in Hyderabad has been at a premium to Bengaluru since 2019.

ANAROCK data suggests that the average monthly rentals in HITECH City was higher at Rs 23,000 per month in 2019 while in Bengaluru’s Sarjapur Road, it was about Rs 21,000. Likewise, the average monthly rent in Bengaluru’s Whitefield was about Rs 19,000 in the same year while in Hyderabad’s Gachibowli it was Rs 22,000 then.

In Hyderabad, geographically, the IT hubs (Gachibowli, HITECH City, etc.) are all concentrated in one zone (towards the west) and, hence, the demand for rentals in these areas remained high.

In Bengaluru, on the other hand, the IT industry is spread across the north, south and east zones in the city, easing pressure on the rental options available. But post-Covid, with offices opening up, the available supply was limited in many areas, causing rentals to go up in Bengaluru while in Hyderabad supply remained fairly good, thus limiting the pace of rise.

However, data shows that Hyderabad is almost catching up with Bengaluru in terms of annual real estate growth.