Hyderabad Real Estate

Top 7 areas with the highest housing demand in Hyderabad

Hyderabad Real Estate

HYDERABAD: Residential market demand in Hyderabad increased by 8.5% in this quarter of 2024 compared to last year, when it declined by 17%. Here are the top 7 areas with the highest housing market in Hyderabad.

Kondapur:

Kondapur has the highest housing demand, with an average of Rs. 8,900 per square foot (PSF).

Medchal highway:

Medchal Highway also has high housing demand, with Rs. 6,100 PSF. It is very close to ORR and has many Academic institutions.

Gachibowli:

Having several Information Technology companies and University campuses, housing demand in the Gachibowli area has seen an enormous shift. The property rate in Gachibowli is at its peak, with an average of Rs. 9,200 PSF.

Miyapur:

Miyapur is one of the famous areas in GHMC. Being close to ORR, Hitech City, and many other places, property rates in Miyapur average Rs. 5,900 PSF.

Mehdipatnam:

Located in the southwest of Hyderabad’s main city, Mehdipatnam has an Average property rate of Rs. 6,800 PSF. 

Kukatpally:

Despite traffic issues, the demand for housing in Kukatpally is always high. This area is famous for several clothing stores and restaurants near Miyapur and Hitech city. The average property cost in Kukatapally is around Rs. 7,300 PSF.

Uppal:

Located in the East of Hyderabad’s main city, Uppal is known for its Class One Gated Communities. Due to these, the housing market has seen a significant surge, with an average price of Rs. 6,600 psf.

Besides these seven areas, areas like Nagole, Yadagirigutta, Bhongir, Nanakramguda, Patancheru, Kokapet, Narsingi, Bolarum, Kavadiguda, and other has huge housing markets.

The Narsingi area has seen a huge surge in the housing market because it is one of the major junctions of Outer Ring Road (ORR). It also has the best living conditions. The Financial District, Gachibowli, and Hitech City are within a 25-km radius. 

There is also a huge housing demand in Adibatla, Kompally, Rajendra Nagar, Shankarpally, and other areas near ORR.

 

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