Now you can buy a house in Hyderabad by spending just Rs.20 lakhs

As unbelievable as it may seem, it is likelihood to get homes within Rs 20 lakh in Hyderabad.

 

If you are also planning to own a residential real estate in Hyderabad within a small budget, the below stated localities are for you. Areas such as Hafeezpet and Gachibowli in Hyderabad offer maximum apartments within a budget of Rs 20 lakh.

 

Exactly what can you buy?

Within Rs 20 lakh, Hafeezpet offers apartments and builder floors in various sizes. Hafeezpet is an extremely good residential location with close proximity to educational institutions, shopping malls, hospitals, bus stations and metro train station. It is next to the Mumbai Expressway and less than 10 km from Hitec City and Gachibowli.

 

Location profiling

Affordable homes, durable social infrastructure, proximity to IT hubs and fast connectivity, together, attract property buyers. Hafeezpet is one such area which is actually a mix of all the mentioned advantages. The area offers 2BHK builder floors and apartments within Rs 20 lakh. IT hubs of Hitec City, Kondapur and Gachibowli, all are located in a 6 to 14 km radius. IT professionals employed in Hitec City and Gachibowli prefer staying in Hafeezpet as they want to be near their offices and at the same time save on expenses. Hafeezpet has strong social and emotional infrastructure that further has the exact daily needs and requirements of the residents. Facilities such as schools, hospitals, banking institutions, restaurants, petrol pumps and everyday grocery stores, each one is within the area. Both these areas are potentially good option in real estate in hyderabad.

 

Gachibowli is yet another area in Hyderabad offering builders floors and apartments within Rs 20 lakh. A homeowner of the area said that Gachibowli is the most effective growing IT hub in Hyderabad. It is very near to markets, banks, ATMs and colleges.

 

Spending budget and location are two important factors that are always considered before making an investment in a residential property. Gachibowli is one such established area in Hyderabad offering homes within Rs 20 lakh and at the same time guaranteeing good connectivity with the nearby areas and office buildings. The area houses some of the top companies such as Infosys, TCS Synergy Park, and others. Given the comprehensive presence of computer organizations and MNC’s in the vicinity, the real estate of the area has experienced an improvement. Professionals prefer both renting and buying in the area as within a small budget they can find decent accommodation. The social infrastructure of the area is robust as it houses schools, private hospitals, bus stops and renowned educational institutions such IIT Hyderabad, Indian school of Business, etc.

 

A humble budget of Rs 20 lakh can fetch you a good luxury home in hyderabad. In case you are aware of your exact needs then Gachibowli and Hafeezpet are the areas that you can invest.

 

Post By Shrikant Sain

Demand On City Outskirts For Affordable Real Estate in Hyderabad

Demand On City Outskirts For Affordable Real Estate in Hyderabad

real-estate-in-hyderabad

On the outskirts, in the suburbs, demand for real estate in Hyderabad is growing. The demand on the outskirts consists of demand for homes which are priced below 25 lakhs. While affordable housing in Hyderabad within the city is in short supply, on the outskirts and among the suburbs of the city such homes are aplenty. To cater to demand from households, builders and developers in Hyderabad are eagerly building and promoting homes in Hyderabad outskirts.

residential-real-estate-in-hyderabad
Hyderabad Is Driven by End Users
From the beginning, real estate in Hyderabad has been driven by end users. The city has a vibrant IT and ITeS sector which promotes absorption of residential real estate in Hyderabad. In the recent

past there has a been a fall in the number of new launches while the demand for residential property in Hyderabad has mushroomed. These factors have led to a fewer number of properties in Hyderabad which are ready to be occupied as in other large metros.

affordable-flats-in-hyderabad

Immigrants vs Natives of Hyderabad

Recent reports prove that there has been an increase in demand for homes that are priced at or below twenty five lakhs in Hyderabad. At the same time that an increase in demand for such properties has been recorded, there has been a shortage of supply of such homes as well. According to sources while the demand for mid to upper segment housing is largely driven by natives of Hyderabad, migrants to the city opt to purchase affordable housing in Hyderabad which is often the first property they buy in the city.

affordable-house-in-hyderabad
An Opportunity For Small, Capable Builders

The largest, well known and top builders in Hyderabad have not opted to enter the market segment which caters to affordable homes in Hyderabad to migrants to the city. Such homes have with them lower margins than do larger homes which has led the top builders in Hyderabad to avoid building such properties. While the top builders have avoided this segment, other smaller yet respected builders have actively chosen to enter this market and build such homes.

luxury-apartments-in-hyderabad

Such smaller yet respected builders see the development of such homes as an opportunity. There is however a shortage of such homes in regions which are the most prominent in the city of Hyderabad while the suburbs and less well known localities such as Saket, Upparpalli, and Alkapuri Kukatpally-Miyapur regions are robust regions for such homes. The regions mentioned have gated communities where there is active demand for homes priced at or below twenty five lakhs in the primary and secondary markets. The mentioned regions of Hyderabad have all of the basic physical and social infrastructure in place such as good roads and connectivity, access for residents to hospitals and schools, access for residents to shop for the daily needs of homes, and adequate water and power supply.

new-projects-launch-in-hyderabad
Markets for Affordable Housing in Hyderabad

A few micro markets which fall in this range are listed below and characteristics are stated which make such markets suitable regions at which to own a home.

Bundlaguda is often the preferred choice for first time homebuyers as it has no shortage of homes in the affordable segment when compared to the availability of such homes in other regions of Hyderabad. This region is also attractive as it has low levels of pollution and good connectivity to employment hubs

affordable-housing-scheme-hyderabad

Ligampally is another region where affordable homes are found as it is well connected and due to lack of affordable housing in surrounding regions.

new-projects-in-hyderabad

Patancheru was once an industrial town yet today is an attractive destination for homes as it is located near IT hubs and due to the presence of industry. This region of Hyderabad has its own bus depot and an unlimited supply of water for its residents.

affordable-housing-in-hyderabad

Conclusion

The demand in many of the thus far neglected regions of Hyderabad is being driven by affordable properties. Apartments in Hyderabad at such regions are being built by smaller yet respected builders often for migrants to Hyderabad. Most such regions tend to lie on the outskirts of Hyderabad yet have the necessary infrastructure to make them good places to own a home. Such apartments in Hyderabad tend to be priced close to 25 lakhs.

Will Cash Crunch Influence the Property in Hyderabad?

best-apartments-in-hyderabad

The recently implemented demonetization scheme has affected property market in Hyderabad. Buying and selling of real estate in Hyderabad have come to a virtual standstill. Hitherto, cash constituted a significant portion of real estate transactions in the city.

affordable-housing-scheme-hyderabad

Close to 30 percent of the price component is in cash. It means that the homebuyers are investing more cash in properties than online payment while buying homes. Hyderabad’s real estate market is growing fast and with the changes in the transaction mode, there will be a substantial impact on the overall growth of the market.

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The reason that cash plays such a dominant role in the sale of a property in Hyderabad is that the difference between the government’s rate card for a property and the market price of a property is wider.

best-apartments-in-hyderabad

Which segment is the most affected?

Luxury apartments in Hyderabad and the segment in the city have been hit very hard by the central government’s announcement. The upmarket regions such as Banjara Hills, Somajiguda, and Abids are few regions where real estate in Hyderabad are facing a crisis. The business class dominates these regions and the price of homes is in crores. The other regions with more affordable flats in Hyderabad are Madhapur and Gachibowli have not been impacted excessively as such homes are bought with the help of a home loan.

residential-real-estate-in-hyderabad

What Builders in Hyderabad Fear

Today the top builders in Hyderabad fear with changes happening in the market. There is a cash crunch in the Hyderabad market. While today demonetization has had an impact on the buying and selling of property in Hyderabad so if liquidity is not pumped into the market, the construction of upcoming projects in Hyderabad will likely come to a halt. Currently, real estate developers in Hyderabad and contractors in the city are still paying workers with old currency notes. After November 24, 2016, this may also become very difficult. As many workers employed in real estate in Hyderabad work on a daily wages basis, they may opt not to work if not paid in the legal tender by their contractors.

affordable-homes-in-hyderabad

The property market in Hyderabad is driven by the end users and not by the investors. There will be almost no impact on the price of real estate in Hyderabad due to the absence of the cash component. The demand for properties is there in the market as there is the presence of IT hub in the market. It seems that the Hyderabad’s real estate market will be unaffected as the homes buyers are keeping a cautious approach.

residential-projects-in-hyderabad

Advancing Infrastructure– The infrastructure of the Bangalore city is fast developing and connectivity via all the modes like- road and metro rail is connecting all the corners of the city.The growing infrastructure and development taking place in the city are attracting the homebuyers and making the city livable. There is a need to boost the growth of residential spaces so that the homebuyers and investors invest more in the area. It is a great time to invest in Sarjapur as it will provide a high return on the investment.

The Cloud Will Become Essential to Owners of Property in Hyderabad

The Cloud Will Become Essential to Owners of Property in Hyderabad

residential-apartments-in-hyderabad

Eventually, everyone who owns property in Hyderabad will store everything on the cloud. All things such as pictures, files, videos will shift to the cloud seamlessly as the speed by which we access the cloud becomes so fast that it makes the difference between accessing a hard disk and data on the cloud indistinguishable. When such a day comes technology companies may well sell larger storage on the cloud bundled with electronic devices such as smartphones, laptops, tablets, and cameras.

affordable-flats-in-hyderabad

While hard disks may still be around those who use them will be regarded as dinosaurs and as being unhip. Such a change is crucial as much of the data we have today is too crucial to first save on a hard disk before transferring it to the cloud, certainly many of those with important roles work exclusively on the cloud, however even simple files may prove to be crucial to the completion of a task and may first need to be created and saved on the phones or laptops built in memory before being transferred safely to the cloud. The need for instant storage on the cloud will prove crucial to many in the next few years if it has not already become so for many today.

luxury-apartments-in-hyderabad

Real estate developers in Hyderabad will find the cloud suitable for storing data regarding their layout of upcoming projects in Hyderabad and the plans for new developments as well.  Many already don’t feel secure keeping sensitive data on their hard disks or memory sticks and immediately shift data to the cloud when presented with the opportunity. With the emergence of 4G connectivity and also the technologies which follow it, there may be little difference between accessing a hard disk and data or applications on the cloud. Thus as individual electronic gadgets such as phones and laptops grow to become even more powerful they may also be devoid of a hard disk all within the span of a decade. All applications may rest on a cloud and the phone in our pocket or the laptop on our back may simply provide the means for accessing our data on the cloud.

residential-property-in-hyderabad

As data security improves and 5D storage (which prevents digital information from being degraded) is commonplace, the data stored in the cloud will also become far less susceptible to being compromised due to the deliberate actions of hackers or competitors. Many of those who live in luxury apartments in Hyderabad will have several devices to access data on the same cloud and such individuals will ensure that the probability of such data being compromised is minuscule as access to the cloud shall require a combination of biometric and password clearances. Even those with less money who live in affordable housing in Hyderabad shall have data such as pictures or the deeds to their property online.

top-real-estate-website-in-hyderabad

One such government initiative is already in place and will trickle down to the masses within a decade. Many feel ill at ease when they store important data on a hard disk as physical damage to such a disk can lead to the information being lost or corrupted. Additionally, a cloud will have more space than the hard disks of many devices do today which will allow greater storage online. Speedy cloud access through 4G and subsequent technologies means that online access will be dramatically faster than it is today and phones and tables need only have one of the three Android, OS, or Windows operating systems with all other applications being used exclusively online rather than being downloaded before being used as is the case today.

Real estate in Hyderabad enjoys a vibrant realty market

Real estate in Hyderabad enjoys a vibrant realty market

top-real-estate-website-in-hyderabad

Real estate in Hyderabad enjoys a vibrant realty market and demonstrates excellent investment prospects due to number of reasons

luxury-apartments-in-hyderabad

Good social and physical infrastructure

The city enjoys a robust social and physical infrastructure with the presence of a good number of big hospitals, awe inspiring shopping  malls to spend a fun filled day and plethora of restaurants to tickle your taste buds and much more. The city is known for its delicious cuisines and historical monuments that bestows a magnetic charm to the city.

real-estate-in-hyderabad

Presence of giant companies

Quite a good number of multinational corporations are shifting their focus to Real estate projects in hyderabad with an intention of setting up their base here. This has translated into several white collar jobs. This has tremendously increased the footfall as these companies are pulling huge number of people from different parts of the country and globe.  With this, residential market is definitely set to boom. Demand of residential properties is expected to go high in future.

luxury-apartments-in-hyderabad

Property Rates Are Still Affordable

Affordability is the best bet of the real estate market in Hyderabad. Affordable housing scheme in the city has inculcated waves of positivity amongst the buyers. More investors and end users are showcasing their interest to invest in this city.

affordable-homes-in-hyderabad

Tranquil City

The city offers a peaceful living unlike some horn blaring metro cities like Delhi, Mumbai. This attracts a great number of end users as well as investors.

affordable-housing-in-hyderabad

Gachibowli, a major IT suburb has witnessed tremendous infrastructure development and has emerged as a lucrative investment destination in the city. The area demonstrates an excellent potential for growth and showcases promising prospects.

There are few reasons for investing in Gachibowli

affordable-house-in-hyderabad

Location Advantage

Gachibowli is located in the north-west part of Hyderabad, that is just 5 Km away from HiTec City, another renowned IT hub. Both the suburbs are likely to see steep growth in future on the back of excellent transportation, social infrastructure & good job prospects. It is well connected by road and railways with nearest railway station being MMTS Railway Station (6 Km). The close proximity to outer ring road provides superb connectivity to other parts of Hyderabad.

luxury-apartments-in-hyderabad

IT Hub

Gachibowli is a prominent IT hub that houses some of the big IT companies such as Microsoft, TCS, Polaris, Accenture, Wipro & Infosys etc. Moreover, the location has the presence of international banking institutions such as Bank of America, Union Bank of Switzerland & Franklin Templeton Investments etc. that have added necessary flux to the realty sector of Gachibowli.

real-estate-property-in-hyderabad

Social Infrastructure

The city has thriving social infrastructure with number of renowned schools, hospitals, hotels & shopping malls etc.

property-in-hyderabad

Hyderabad Metro Rail

Luxury homes in hyderabad Metro Rail, also called Mana Metro, is currently under construction. After its completion, due in December 2017, Gachibowli will get metro connectivity through Ameerpet Metro station and other stations that are likely to further escalate the connectivity.

affordable-housing-scheme-hyderabad

Airport

The city is conveniently connected to Rajiv Gandhi International Airport through Jawaharlal Nehru Outer Ring Road that has reduced the commuting time from more than 1 hour to less than 25 min. Gachibowli is in close proximity to Old Airport of Hyderabad that now has been used for military aviation training and for flights carrying VIPs.

upcoming-projects-in-hyderabad

Sports City

Gachibowli is home to some of the best stadiums in city including Swarna Telangana State Sports Complex, Gachibowli Indoor Stadium, Hockey Stadium & GMC Balayogi Stadium etc and a golf course with natural rock formations. It has hosted various world championships such as Military World Games & World Badminton Championships etc.

Real estate in Hyderabad enjoys a vibrant realty market

Real estate in Hyderabad enjoys a vibrant realty market

luxury-apartments-in-hyderabad

Real estate in Hyderabad enjoys a vibrant realty market and demonstrates excellent investment prospects due to number of reasons

Good social and physical infrastructure

The city enjoys a robust social and physical infrastructure with the presence of a good number of big hospitals, awe inspiring shopping  malls to spend a fun filled day and plethora of restaurants to tickle your taste buds and much more. The city is known for its delicious cuisines and historical monuments that bestow a magnetic charm to the city.

real-estate-in-hyderabad

Presence of giant companies

Quite a good number of multinational corporations are shifting their focus to Real estate projects in hyderabad with an intention of setting up their bases here. This has translated into several white collar jobs. This has tremendously increased the footfall as these companies are pulling huge number of people from different parts of the country and globe.  With this, residential market is definitely set to boom. Demand of residential properties is expected to go high in future.

luxury-apartments-in-hyderabad

Property Rates Are Still Affordable

Affordability is the best bet of the Affordable flats in Hyderabad market in Hyderabad. Affordable housing scheme in the city has inculcated waves of positivity amongst the buyers. More investors and end users are showcasing their interest to invest in this city.

affordable-homes-in-hyderabad

Tranquil City

The city offers a peaceful living unlike some horn blaring metro cities like Delhi, Mumbai. This attracts a great number of end users specifically and also investors.

affordable-housing-in-hyderabad

Gachibowli, a major IT suburb has witnessed tremendous infrastructure development and has emerged as a lucrative investment destination in the city. The area demonstrates an excellent potential for growth and showcases promising prospects.

There are few reasons for investing in Gachibowli

projects-in-hyderabad

Location Advantage

Gachibowli is located in the north-west part of Luxurious flats in hyderabad, that is just 5 Km away from HiTec City, another renowned IT hub. Both the suburbs are likely to see steep growth in future on the back of excellent transportation, social infrastructure & good job prospects. It is well connected by roads and railways with nearest railway station being MMTS Railway Station (6 Km). The close proximity to outer ring road provides superb connectivity to other parts of Hyderabad.

affordable-house-in-hyderabad

IT Hub

Gachibowli is a prominent IT hub that houses some of the big IT companies such as Microsoft, TCS, Polaris, Accenture, Wipro & Infosys etc. Moreover, the location has the presence of international banking institutions such as Bank of America, Union Bank of Switzerland & Franklin Templeton Investments etc. that have added necessary flux to the realty sector of Gachibowli.

luxury-apartments-in-hyderabad

Social Infrastructure

The city has thriving social infrastructure with number of renowned schools, hospitals, hotels & shopping malls etc.

real-estate-property-in-hyderabad

Hyderabad Metro Rail

Hyderabad Metro Rail, also called Mana Metro, is currently under construction. After its completion, due in December 2017, Gachibowli will get metro connectivity through Ameerpet Metro station and other stations that are likely to further escalate the connectivity.

property-in-hyderabad

Airport

The city is conveniently connected to Rajiv Gandhi International Airport through Jawaharlal Nehru Outer Ring Road that has reduced the commuting time from more than 1 hour to less than 25 min. Gachibowli is in close proximity to Old Airport of Hyderabad that now has been used for military aviation training and for flights carrying VIPs.

 

Sports City

Gachibowli is home to some of the best stadiums in city including Swarna Telangana State Sports Complex, Gachibowli Indoor Stadium, Hockey Stadium & GMC Balayogi Stadium etc and a golf course with natural rock formations. It has hosted various world championships such as Military World Games & World Badminton Championships etc.

Using Surge Pricing to Sell Affordable Housing in Hyderabad

Using Surge Pricing to Sell Affordable Housing in Hyderabad

affordable-housing-scheme-hyderabad

Local authorities may use surge pricing when selling affordable housing in Hyderabad. The central government’s plan to provide housing to one million households within the next few years is likely to elicit great demand from buyers keen to own their first home. Already the government has seen the benefits of surge pricing when selling railway tickets, just because the railways are a government undertaking does not forfeit them from making a profit. Surge pricing allows industries to which they are introduced to become profitable and more efficiently allows the market to decide the price of the product or service being sold.

residential-projects-in-hyderabad

While many may be aghast at using such a mechanism to sell homes, doing to shall not only create greater demand for property in Hyderabad but will also allow local authorities to earn greater revenue than they would earn if apartments in Hyderabad are sold at a fixed price. Such a proposal, however, shall work best for affordable homes, luxury apartments in Hyderabad are not likely to lead to higher revenues for developers if such homes are sold using surge pricing.

upcoming-projects-in-hyderabad

Surge pricing allows the market to decide the price of a product or service by steadily increasing the price of the product or service as demand for the same increases. The price increases for real estate in Hyderabad should surge pricing be employed will allow homes to be valued higher than they would be if sold conventionally. As a rough example consider new projects in Hyderabad aimed at lower-middle-class households. Of 200 units in such a development all of which would be conventionally priced at 16 lakhs, the first 50 flats may be sold at 15 lakhs each, the 50 after that may be sold for 16 lakhs per unit, the 50 afterwards may be sold for 17 lakhs each and the remaining 50 flats may be sold for 18 lakhs each.

upcoming-projects-in-hyderabad

While through conventional methods a local government or one of the top builders in Hyderabad may have been able to earn revenue of 32 crores or 16 lakhs each for 200 flats, using surge pricing such a development would generate 33 crores revenue for a builder or the local government. Market forces would decide how valuable such upcoming projects in Hyderabad are since buyers who purchase at the highest price point will set the market rate for all those units which were sold at a lower price point. The first batch of such projects would be sold easily as the market mechanism shall allow buyers to discern that the units being sold are priced below the market value.

residential-apartments-in-hyderabad

Once the first tier of such apartments in Hyderabad has been bought, the second tier is more likely to be bought as the new residential apartments in Hyderabad are assured of being occupied by residents and families. As demand for unit’s increases due to the lower initial price, surge pricing comes to the play and drives prices higher.  Depending upon earlier demand of nearby properties developers or local authorities can set price points as they wish and extensively advertise the same.

residential-apartments-in-hyderabad

As conventional price mechanisms face challenges, surge pricing is likely to be more widely applied to various products and services. While certain top builders in Hyderabad already employ pricing strategies similar to surge pricing, an overt marketing campaign advertising surge pricing has not captured the imagination of builders and developers in Hyderabad.