Telangana Hyderabad - Real estate sees jump in housing prices

The average price of a home increased significantly in Hyderabad's real estate market. Following the spike, the city's housing costs surpassed Mumbai's to rank second in the nation.

Average prices in eight indian cities
According to a report by Colliers, CREDAI, and Liases Foras, the average housing price in hyderabad reached Rs 11,323 per square foot, jumping by 9 percent year-on-year (YoY).
Following is the city-wise average housing price:

Real estate in Southwest hyderabad sees highest surge in housing prices

As per the report, the highest surge in average housing prices was witnessed in Southwest hyderabad, where the jump was 15 percent YoY.
The average prices in Central hyderabad dropped slightly.

Following are the areas that fall under various micro markets:
• Central: Himayat Nagar, Somajiguda, Begumpet, Ameerpet
• Northeast: ECIL, Ghatkesar, Malkajgiri, Medchal, Pocharam
• Northwest: Banjara Hills, Gachibowli, Kondapur, Kukatpally, Miyapur, Nanakramguda
• Southeast: Boduppal, Karmanghat, Kothapet, LB Nagar, Uppal
• Southwest: Kokapet, Manikonda, Puppalguda, Shaikpet, Shamshabad
The report predicted that the proposed Metro Phase 2 may boost residential real estate in the mid to long term in Southwest and Southeast Hyderabad. City's housing prices became the second most expensive in the country. watch out this space for more updates.

Find Out More:

Related Articles: