Residential Property Market of Hyderabad

by : George Gonigal



The focus of development of residential property in Hyderabad is suburbs where land availability is considerable and large scale development is possible. Township projects are coming up in areas like Vattinagulapalli, Gaulidodi, Metchel road, Nanakrakuda and Maniconda.

Small residential property projects in Hyderabad are initiated by local real estate developers like Ashoka Builders who have announced a 250-unit project recently which is located 15 km away from the city and each unit costing Rs 80 lakh. And Jayabheri group and Aparna have announced independent units costing from Rs 60 - Rs 1.25 crore with a downpayment of 25 per cent.

Hyderabad is witnessing a mushrooming of high-end premium residential properties and gated communities. These projects promise the best in quality living, offering amenities and social infrastructure to make a sustainable development.

There is a large difference in the current residential property market in Hyderabad with that of some 4-5 years back. All builders are now providing amenities of international standards. 'A' grade real estate developers are constructing integrated houses or villas. One villa covering 300 sq yards with all club facilities costs between Rs 1.5 crore and Rs 1.75 crore and the delivery is within 12 months. The appreciation at the time of possession is about 60-100 per cent. Rental values in the past 12 months have also increased about 40-60 per cent in the residential segment," he adds. The growing demand and limited supply have hardened prices for residential properties.

Today, the emphasis is more on centralised security, general ambience, shopping and recreational facilities. Better infrastructure with good quality specifications, fine detailing and quality are what the builders are providing.

The plot size of the independent houses range from 250 sq yards to 650 sq yards while the built-up area would be 2,100 sq ft to 5,300 sq ft. Depending on the size and specifications, the price ranges from Rs 1.7 crore to Rs 3.3 crore.

The other local who have various residential projects in the pipeline are Janapriya Engineers Syndicate, SMR builders, Saket Engineers, Amsri Builders and Sanali Group. Saket Mithila in Kapra, spread over 11 acres of greenery, is an extension of the Saket Designer Homes Township of 750 houses, a purely residential project. Mithila, a gated property, consists of 100 exquisitely designed villas.

Saket Pranaam consists of luxury homes exclusively for senior citizens. It is a secured gated community with a condominium of 400 flats spread over 4 acres. Further, Pune-based DS Kulkarni Developers Limited (DSKDL), which is a part of the Rs.1,200-crore DSK group, is also planning to undertake residential projects in Hyderabad. DLF too has a mega residential project in the outskirts of the city.