- House rents in Hyderabad have increased by 18%.
- Rent for homes has increased by Rs 1,000 to Rs 12,000 depending on the area.
- In Tolichowki, rent has increased from Rs 20,000 to Rs 24,000.
- In Manikonda, rent has increased from Rs 22,000 to Rs 26,000.
- In Gachibowli – Hi-Tech City, the minimum rent is Rs 32,000.
House rents in Hyderabad are gradually rising, especially with IT employees returning to offices full-time. Official data shows significant rent increases across the country, including Hyderabad, where rents in the Greater Hyderabad area have surged by 12-18% compared to the previous year.
Hyderabad’s real estate market is gradually recovering, with house rents in Greater Hyderabad rising as employees from IT, pharma, finance, and other sectors return to offices. The reopening of educational institutions has further boosted demand for rental homes, leading to a quick uptake of available properties and driving rent increases.
Rental demand in Hyderabad is high in areas like Manikonda, Kukatpally, Madhapur, and Gachibowli, with rents increasing by 12-18%. For example, in Chandnagar, a double-bedroom house rent has risen from Rs 18,000 to Rs 22,000, while in Tolichowki, it increased from Rs 20,000 to Rs 24,000. In Manikonda, rents have gone up from Rs 22,000 to Rs 26,000. Areas like Kukatpally and Gachibowli now have a minimum rent of Rs 28,000 for a two-bedroom house. Meanwhile, rents in cities like Mumbai, Chennai, and Bengaluru have increased by 18%, 14%, and 13%, respectively.
House rents in Hyderabad are rising significantly, especially in areas with IT companies and major offices. For instance, the rent for a three-bedroom house in Jubilee Hills has increased by 20% from Rs 55,000 to Rs 75,000, while in Hitech City, the premium rent has risen by 12% from Rs 53,000 in 2020 to Rs 60,000. On average, house rents in Hyderabad have gone up by 18%, driven by a lack of luxury homes to meet growing demand. This rent hike is causing concern among the middle class, as many are spending over half their salary on rent, while wages have not seen a corresponding increase.
