Most people working in the IT sector of Hyderabad live in rented accommodations as they have come in from different cities and have a chance of being transferred to another one. There are certain areas where rental values are higher than other areas because of their proximity to IT corridors of Hyderabad. For example, in Madhapur, the rental rates have gone up by 8 percent in the past 3 months. It is also a part of the top 10 localities in Hyderabad. The main reason why rental rate in this area is increasing is the presence of IT and ITeS companies.
Many IT hubs are located near the area such as those in Kukatpally, Kondapur, Hitech City and KPHB. Those working in the software companies based in these IT hubs prefer renting properties in this locality. The demand for property in Madhapur has risen because employees want to stay as near as possible to their work places so that travelling to work is not an issue. The walk-to-work culture is quite prevalent here. The other reason why demand has gone up in this area is the presence of big and small IT companies in this locality. This has multiplied the employee strength in these IT hubs, which has further boosted the demand for rental properties. Most people working in these companies are migrants who are uncertain about whether they will be staying here for long or not.
Currently the rental rates in this area are between Rs 12000 and Rs 16000 in a month. The demand for 2 and 3BHK apartments is quite high in this locality. Most employees like to make groups and stay which is why they look for larger apartments. Rarely do people prefer to live in a 1BHK property here. The rental rate for 2BHK apartments is between Rs 10000 and Rs 20,000 in a month whereas for 3BHK units, the rental rate for flats is around Rs 15000 to Rs 40000 in a month. People prefer to rent apartments in both stand-alone complexes and gated communities in Hyderabad. The starting of the metro line in this area has not affected the rental market although it has affected the capital one.
Future Prospects of the Rental Market
Most market experts believe the rent would increase more in Madhapur. The real estate in Hyderabad has been quite low in the past couple of months. However, now that a stable government has come to the centre, rental rates would increase further and the capital values would also be more.
Another area where the rental market is quite upbeat in Hyderabad is Ameerpet, where quality properties are available at lower rental rates. Ameerpet has a lot of training institutes for software in Hyderabad which is why it is preferred a lot for renting in the city. Moreover, there has been a drop of almost 8 percent in the rental values in the first quarter of 2014.
A lot of the employees and outstation students who work in the IT firms close by rent out the properties located here. The main reason why rental values have declined is that recruitment by software companies is not very high at this time. This has made the rental market a little slow which has led to a fall in the rental values of the area. Also, because a stable government in Andhra Pradesh is absent and the state being under President’s Rule, volatility has been introduced in the market which has caused some decline in the asking rate for rental properties. Those who live in this area have very low budgets and they do keep coming in irrespective of the falling political condition of the state. However, the employees of software companies here majorly impact rental markets in the area and dwindling demand from them has impacted the property market badly.
Another cause for the fall in rental values is the plentiful availability of rental properties in this area. Because Ameerpet is favourable to people who want to live on rental properties, investors lease out properties usually to house for rent in Hyderabad for gaining rental returns. This has caused an oversupply of house for rent in Hyderabad in Ameerpet.
All About Ameerpet
To rent property in Ameerpet, you would have to spend anything between Rs 5000 and Rs 25000. Usually 1 or 2BHK apartments are preferable in this area. Ameerpet is a mix of residential and commercial properties. There are quite a few commercial businesses, textile and retail stores and IT companies located in this area. What makes Ameerpet famous among people, are the training institutes for software located in this area where individuals from all over the country travel to.
Easy connectivity to areas such as Banjara Hills, KPHB, Begumpet, Hitech City, Jubilee Hills, Somajigutta and Punjagutta is offered by Ameerpet. Numerous IT companies are located near it which employs hundreds of workers. The APSRTC buses can be availed for commuting to different areas of the city. Ameerpet shall soon have a metro station that would improve the connectivity of the area. Those dealing in rented properties in Ameerpet believe that the market would stabilize as the Lok Sabha elections have been concluded successfully and a stable and dynamic government has come up in the centre. As the economy takes on a faster growth trajectory, the market too would recover.
To find house for rent in Hyderabad, going online is the best option. Select the locality that you want to find a house in from the drop down list and the website would show you the best options available for you. The floor space along with the property layout shall be available to you for viewing. You can also determine the rental rate of the property along with the contact information of the landlord.
Prior to renting the property, you must visit it to make sure it does there are no damages. If the damages are manageable enough to live with, you should ask for significant discounts on the property and in case of excessive damage, you should skip the property.
Currently the rental rates in this area are between Rs 12000 and Rs 16000 in a month. The demand for 2 and 3BHK apartments is quite high in this locality. Most employees like to make groups and stay which is why they look for larger apartments. Rarely do people prefer to live in a 1BHK property here. The rental rate for 2BHK apartments is between Rs 10000 and Rs 20,000 in a month whereas for 3BHK units, the rental rate for flats is around Rs 15000 to Rs 40000 in a month. People prefer to rent apartments in both stand-alone complexes and gated communities in Hyderabad. The starting of the metro line in this area has not affected the rental market although it has affected the capital one.
Future Prospects of the Rental Market
Most market experts believe the rent would increase more in Madhapur. The real estate in Hyderabad has been quite low in the past couple of months. However, now that a stable government has come to the centre, rental rates would increase further and the capital values would also be more.
Another area where the rental market is quite upbeat in Hyderabad is Ameerpet, where quality properties are available at lower rental rates. Ameerpet has a lot of training institutes for software in Hyderabad which is why it is preferred a lot for renting in the city. Moreover, there has been a drop of almost 8 percent in the rental values in the first quarter of 2014.
A lot of the employees and outstation students who work in the IT firms close by rent out the properties located here. The main reason why rental values have declined is that recruitment by software companies is not very high at this time. This has made the rental market a little slow which has led to a fall in the rental values of the area. Also, because a stable government in Andhra Pradesh is absent and the state being under President’s Rule, volatility has been introduced in the market which has caused some decline in the asking rate for rental properties. Those who live in this area have very low budgets and they do keep coming in irrespective of the falling political condition of the state. However, the employees of software companies here majorly impact rental markets in the area and dwindling demand from them has impacted the property market badly.
Another cause for the fall in rental values is the plentiful availability of rental properties in this area. Because Ameerpet is favourable to people who want to live on rental properties, investors lease out properties usually to house for rent in Hyderabad for gaining rental returns. This has caused an oversupply of house for rent in Hyderabad in Ameerpet.
All About Ameerpet
To rent property in Ameerpet, you would have to spend anything between Rs 5000 and Rs 25000. Usually 1 or 2BHK apartments are preferable in this area. Ameerpet is a mix of residential and commercial properties. There are quite a few commercial businesses, textile and retail stores and IT companies located in this area. What makes Ameerpet famous among people, are the training institutes for software located in this area where individuals from all over the country travel to.
Easy connectivity to areas such as Banjara Hills, KPHB, Begumpet, Hitech City, Jubilee Hills, Somajigutta and Punjagutta is offered by Ameerpet. Numerous IT companies are located near it which employs hundreds of workers. The APSRTC buses can be availed for commuting to different areas of the city. Ameerpet shall soon have a metro station that would improve the connectivity of the area. Those dealing in rented properties in Ameerpet believe that the market would stabilize as the Lok Sabha elections have been concluded successfully and a stable and dynamic government has come up in the centre. As the economy takes on a faster growth trajectory, the market too would recover.
To find house for rent in Hyderabad, going online is the best option. Select the locality that you want to find a house in from the drop down list and the website would show you the best options available for you. The floor space along with the property layout shall be available to you for viewing. You can also determine the rental rate of the property along with the contact information of the landlord.
Prior to renting the property, you must visit it to make sure it does there are no damages. If the damages are manageable enough to live with, you should ask for significant discounts on the property and in case of excessive damage, you should skip the property.
Great information you have shared, thanks for posting, keep updating.
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