Hyderabad, Oct 20 (Maxim News) The real estate market in Hyderabad is witnessing the lowest property prices in the southern areas of the city, along with a rise in demand for plots.
Click Here To Join Us On WhatsApp
According to the Homebuyer Sentiment Survey – H1 2024, the average budget range for 2BHK flats in South Hyderabad is Rs 45 lakh to 55 lakh, and the average sqft rate is Rs 5,720.
Property prices are highest in the central areas of the city. The average budget range for 2BHK flats in these areas is Rs 1 crore to 1.5 crore, and the average sqft rate is Rs 9,450.
Click Here To Join Us On WhatsApp
As per GHMC, Malakpet, Santoshnagar, Chandrayangutta, Charminar, Falaknuma and Rajendra Nagar come under the South Zone of Hyderabad.
Apart from property prices, the report highlights that the demand for 3BHK units is the highest in Hyderabad. Even across India, the demand for larger homes has continued to dominate buyer preferences since the pandemic.
Click Here To Join Us On WhatsApp
In India, compared to the survey conducted two years ago (H1 2022), interest in 3BHK units has increased significantly—from approximately 41 percent in H1 2022 to nearly 51 percent in H1 2024.
Demand for plots increases in Hyderabad, The report highlighted that residential plots are gaining increased interest from prospective buyers, with at least 20 percent of property seekers preferring to invest in them.
Click Here To Join Us On WhatsApp
In Hyderabad, 27 percent of buyers are preferring residential plots. Several large and well-known developers have extensively launched residential plot projects.
Similarly, villas and row houses are also increasingly preferred in Hyderabad. However, apartments continue to dominate buyer preferences. (Maxim News)
Next Story:
Pirates Hijacked A Fuel Tanker Off Somalia Puntland Region: Indian Sailor Dies
Mogadishu/internet/Hyderabad, Oct 1 (Maxim News): Pirates hijacked a fuel tanker off Somalia’s Puntland region in the early hours of Tuesday. Three Pakistanis, an Indian sailor and a Myanmar national were killed as security forces tried to seize the tanker, Somali officials said. The tanker was en route to the Somali capital, Mogadishu, when the pirates…
Telangana Aggressive GST Collection, Rs. 5,327 Crore In September
Delhi/Hyderabad, Oct 1 (Maxim News): Positive growth has been recorded in GST collections across the country. Significant development has also been seen in the Telugu states of Telangana and Andhra Pradesh. Telangana is leading the way in GST collections. Domestic GST revenue of Rs 5,327 crore was recorded in September, with a growth of 18…
Who Said There Will Be An Alliance With BRS: Kishan Reddy
Internet/Hyderabad, Oct 1 (Maxim News): BJP leader and Union Minister Kishan Reddy has made it clear that his party will not form an alliance with BRS under any circumstances in the Telangana elections. Here To Join Us On WhatsApp Union Minister Kishan Reddy has said that no matter what the situation is, we will contest…
India vs Pakistan Hockey: India Wins 4-3
India vs Pakistan Hockey: India beat Pakistan 4-3 in the Asian Games semifinal as Abhishek scored the decisive late goal.
DTF, Excise Teams Seize 372.2 Kg Ganja In Khammam
Khammam ganja seizure: DTF and excise teams recovered 372.2 kg of ganja worth over Rs 1.82 crore and arrested four men.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News update
