Hyderabad's Rental Market Thrives in Premium Areas

Finding flats for rent in Hyderabad may be a tough task if you are hell bent on living in a premium area in the city. There are several localities that have been offering high rental yields and returns to investors in Hyderabad and not surprisingly, these are some of its most premium neighborhoods such as Banjara Hills, Jubilee Hills and Nandagiri Hills. Furnished rental accommodation is available in these localities though at extremely steep prices. Home owners and investors have been rejoicing at the high returns that their properties in these posh localities have been generating on a consistent basis with ample scope for future growth. As per statistics and research reports, these premium localities have been offering almost 3% yields which is quite high in comparison to several other micro markets. Values have increased steadily over the years and this presents a good investment avenue. 

Even though prospective tenants may be a little terrified at the thought of rental yields going up, the fact remains that flats for rent in Hyderabad arestill cheaper in comparison to other metros. Even rentals in Jubilee Hills, Nandagiri Hills and Banjara Hills will be cheaper in comparison to premium areas in other metros like Bandra and Juhu in Mumbai, Greater Kailash and Janakpuri in Delhi and Alipore and Ballygunge in Kolkata. The rental market in Banjara Hills usually witnesses interest from parties willing to share apartments. Professionals and students usually choose accommodation options which are shared with multiple others and they usually have to fork out anywhere between INR 5, 000-8, 000 per month. Furnishings usually translate into higher costs going up to around INR 12, 000 per individual. 

Banjara Hills usually witnesses rental rates between INR 7, 000-25, 000 per month in case of 1 and 2 BHK units while 3 BHK units usually come for anything between INR 17, 000-1, 45, 000 depending on the specific unit and its characteristics. Average sizes of premium rentals go up to even 3, 600 sq ft in some cases. Banjara Hills is home to several film studios and the traditional wealthy and elite of Hyderabad. There are several kinds of properties available here on rent and these have always given good yields to their owners as HITEC City is located only 8 kilometres away from the locality and hence the interest from professionals. The airport is also 6 kilometres away from the locality courtesy the Inner Ring Road. 

Coming to Jubilee Hills, rentals for 1 BHK units of 700 sq ft usually start from INR 6, 000 on a monthly basis and this may go up to around INR 25, 000 in some cases where sizes stand at around 1400 sq ft or so. 3 BHK units are usually available for anything between INR 16, 000 and 1, 25, 000 per month depending on the exact location, amenities and other factors. IT professionals have driven the rental market in Jubilee Hills which is also home to several shopping malls and food joints. Nandagiri Hills witnesses rental values of INR 55, 000 to 2, 50, 000 for 3 BHK units which are commonly houses, apartments or builder floors. This locality is well linked to several areas in Hyderabad and is home to supermarkets, hospitals and markets.