The sun has finally shone for the commercial property in Hyderabad along
withhouse owners interested in investing in Hyderabad. For long, the political
stability in Hyderabad was not quite impressive. With the surge of new property
developers on the lands of Hyderabad, the hopes are high that the latest
projects gearing up in the city will outshine the existing projects.
The upcoming properties in Hyderabad are solely
focused on affordable and mid segments. As the central business districts are
relatively preferred besides the suburbs, the sales in suburbs have declined
due to the prospective mismatch of demand of supply. Moreover, where there is a
rising demand in micro markets in properties of around 30 to 50 lakhs, there is
only a marginal rise in the selected segments with a rise of about 5 to 10%.
The prices of new launches are considerably stable and are mostly in the
eastern side of the city.
Real estate in Monikonda
Being the most active part of the city, western zone
of Hyderabad witnesses severe fluctuations in prices every year. Manikonda is
the part of Hyderabad where you can expect to receive high rental returns by
investing in properties there. According to indexes, it is among the top ten most
preferred locality report of 2015 last quarter. It has also witnessed a sharp
rise of 6% in the last three months. The sharp rise in properties means higher
rent. On an average, property in Mankinda fetches around 8500 – 11000 monthly
rent.
Manikonda happens to attract more North Indians to
pay rent on these properties due to being a hub of multinationals and IT hubs. In
search of proximate accommodation to their workplace, most students are
attracted towards these properties for rented accommodation.
