Having a home is everyone’s dream. No matter what one does during the day, the satisfaction of returning home in the evening is something only those with their own houses can truly understand. That’s why everyone wishes to have their own home, whether small or large. Many people are trying to purchase their own houses based on their budgets. So, let’s find out how house prices are currently in various areas of Hyderabad, from budget-friendly options to high-end villas.
Owning a home brings a unique sense of confidence. From the poor to the affluent, everyone strives to establish their own space according to their status. Even those who were renting until yesterday are now eagerly looking for their own homes. Many are wishing to build or buy a house based on their financial capabilities. In particular, many people dream of owning a home in Hyderabad, and they have begun taking steps to make that dream a reality.
House prices in Hyderabad vary significantly based on location. Essential amenities and transportation options are key factors in choosing a home. Other considerations include access to drinking water and security.
Currently, the infrastructure in and around Hyderabad has greatly improved. As a result, house prices are gradually increasing in almost all areas. In Hyderabad, the minimum price for a house is around Rs 45 lakhs, while luxury villas can go up to Rs 25 crores. There are price variations based on location and the size of the property.
In the outskirts of Hyderabad, the price for a double-bedroom apartment starts at Rs 45 lakhs. In areas like Shamshabad, Alwal, Taramaati Peta, Bacharam, and Ghatkesar, double-bedroom apartments are available in that price range, while triple-bedroom apartments are priced at around Rs 52 lakhs. This means that depending on the area, project, and size, the cost per square foot ranges from Rs 3,400 to Rs 7,000.
House prices tend to be higher in areas closer to the city. Areas like Uppal, LB Nagar, BN Reddy Nagar, Nagole, Patancheru, Shamshabad, and Jeedimetla have average house prices. Here, the price for a double-bedroom apartment is around Rs 62 lakhs, while a triple-bedroom apartment is priced at Rs 70 lakhs. This means that depending on the area and project, the cost per square foot ranges from Rs 4,000 to Rs 8,500.
In already developed areas of Hyderabad, house prices are skyrocketing. In prime locations like Jubilee Hills, Madhapur, Hi-Tech City, Kondapur, Gachibowli, Miyapur, Nallagandla, Manikonda, Puppalaguda, Narsingi, Kokapet, and Mokila, house prices start at over Rs 1 crore. Here, the cost per square foot ranges from Rs 7,500 to Rs 20,000. This means that to buy a double-bedroom home in these areas, you need at least Rs 1 crore and Rs 20 lakhs. For a premium project with a good area, you should expect to spend between Rs 3 to Rs 5 crores.
In gated communities, the amenities can lead to prices of flats ranging from Rs 3 crores to Rs 12 crores in areas like Banjara Hills, Jubilee Hills, Hi-Tech City, and Madhapur. As for villas, prices in Hyderabad range from Rs 5 crores to Rs 25 crores, depending on the area and size. In the outskirts, areas like Shamshabad, Kandukur, Maheshwaram, Medchal, Patancheru, Bachupally, and Ghatkesar have villa prices starting from Rs 2.2 crores.
Construction of standalone apartments is decreasing in both the city and the outskirts. Most new projects are gated communities and high-rise apartments. As a result, middle-class buyers need to spend at least Rs 50 lakhs to buy a home. For homes closer to the city and in developed areas, the spending could rise to between Rs 80 lakhs and Rs 1 crore, according to real estate market sources.
From January to July, an assessment of various construction projects in Hyderabad has shown the above house prices. Buyers should keep in mind that house prices fluctuate based on location, project, and timing. With increasing demand for homes, along with the rising costs of land, steel, cement, and other construction materials, real estate experts estimate that house prices could rise by 5 to 10 percent over the next six months. Given the current slowdown in the real estate sector in Hyderabad, experts suggest that now is an ideal time to purchase a home.
