What are the Options for Tenants Looking for 2 BHK Rent House in Hyderabad?

Tenants in Hyderabad are at the disposal of too many options when it comes to choosing a two-room apartment on rent. While some localities lag behind in infrastructure and amenities, the others have rental rooms laced with all the mod-cons. The monthly rate in a particular locality depends upon several factors such as connectivity, employment opportunities, and availability of infrastructure. Colonies like Madhapur, Hi-Tech City, Jubilee Hills, Banjara Hills, BandlaGuda Jagir and Gachibowli carry high rental rates owing to the high development rates and strong presence of IT sector.

Let’s start from the least the lowest rental rates for a 2 BHK flat can be expected in Ameerpet and Begumpet: the starting rental range here is 3-4k/month. For rentals up to 8k, you can hunt a rent house in Hyderabad in AS Rao Nagar, Tolichowki, Manikonda, Bowanpally, Mehdipatnam, and Nallakunta. The other names that fit this range are Hydersha Court, DilsukhNagar, Uppal Mandal, Gandhi Nagar, and Chaitnyapur.

In 10-15k gamut, the apt localities for looking a rental property in Hyderabad include names like Madhapur, Gachibowli, Madinaguda, Chand Nagar, HUDA. Balanagar, ECIL, and Anand Nagar. Still higher rates can be expected in BandlaGuda Jagir, Banjara Hills, Lakdi Ka Pul, Nalagunda, Jubillee Hills, and Sanath Nagar. Living on a rental property may not be the best idea, but for those who do not have enough disposable incomes to spend on buying a house, it can be an affordable option. The expatriates, usually from North India, flock to this city in large numbers. For them too, rental homes are a cost-effective option. As their needs are not for long terms, buying is not at all feasible. Choose you locality according the strongest criteria that you have in mind. While for some people, it may be connectivity to city center, while for others, it can be closeness to their offices.

Localities Stands Good Options for Flats on Rent in Bangalore Real Estate

The high number of expatriates that flock to the Electronic City, Bangalore, is responsible for high demand for rental spaces in the city. There are too many options for the tenants who are on the look-out for good localities for zeroing in their rental flats. Yet, we are going to mention here five localities that stand out in terms of infrastructure, employment opportunities, connectivity, and IT sector. Seeing the way these particular areas have made progress in property market, more migrants from North are shifting their base here.

Bannerghatta Road: One of the prime residential areas, Bannerghatta Road is an apt choice for flats for rent in Bangalore. The state highway connects the city to other towns like Anekal and Biyan. At present, the widening of the road is going on here in full volumes. This will help in alleviating traffic woes to a good extent.

J P Nagar: An abbreviation of Jayaprakash Narayan, JP Nagar has some the most affluent Bangalore real estate properties. Its strategic location and presence of software companies have worked well for it.

BTM Layout: Located at 45 km from Benguluru International Airport, BTM layout is yet another good locality for buying a flat on rent. This city of South Bangalore has good connectivity to other semi urban micro-markets such as Koramangla and Jayanagar. The realty prices have undergone a dramatic rise in recent years.

Hebbal: A good connectivity that has been made possible by a series of networks connecting ORR(Outer Ring Road) and Belary Road is the prime reason for popularity of Hebbal. This semi-urban area has become popular among buyers and sellers.

HSR Layout: Hosur Sarjapur Road is a relatively new area that sprung up in South East part of the city. Since its creation, real estate has seen a tremendous growth, with high-priced living spaces having occupied much of its landscape.

 

Makaan.com, India’s fastest growing real estate portal, allows end-users to hire flats for rent in Bangalore and other Indian cities. One can search all types of Bangalore real estate properties, and select the ones that suit his budget well.

How are Hyderabad’s Two-Room Flats for Rent Faring in terms of Prices?

Hyderabad, a city known by the sobriquet ‘City of Pearls’, continues to remain the highest contributer to Andhra’s GDP. A hot-spot for information technology industries, commercial centers, global business parks, the city has a strong economy to rely on. And this is in spite of the chaos created by the proposal of Telangana’s creation. The demand for rental spaces is treading a stable path. The rental prices have appreciated in several IT-driven localities such as Kondapur, Hi-tech City, and Miyapur. This clearly indicates that the demand for such properties is still high.

 

 

Flats for rent in Hyderabad are available in different price segments; it depends upon the type of location and the amenities offered to the users. The rental rates falling in the bracket of 11k-20k are commonly found in localities such as Begumpet, Madhapur, Jubilee Hills, KPHB, Nallaganda, Srinagar Coloney, SR Nagar, Ameerpet, and Moti Nagar. The rates at most of these places have seen a good appreciation in the first quarter of 2013, if compared to last year.

 

For users who are looking for rental properties in Hyderabad in higher price segments, there are several options like Kondapur, BHEL, Jubilee Hills, where well-furnished flats can be hired on rent. BHEL is one of those colonies where a 2 BHK carries the monthly rental rate as high as 2.5 lacs! The locality is popular among the elite class who have enough disposable income to pay such high rentals.

 

The localities like Gachibowli, Jubilee hills, Kondapur, Begumpet, and Banjara Hills offer rental properties that can cater to the needs of people from different income segments. So, a 2-BHK house for rent in an area like Gachibowli can cost you around 12k/month, while the same can cost around 30k, for better amenities and state of furnishing.

 

So you see, tenants have so many options to choose from. Depending upon their budget and locality preference, they can make their choice. Going for a locality that has good connectivity.

 

Makaan.com is a property portal, one of the fastest growing ones, where you can buy, sell or rent properties. Lakhs of properties in Hyderabad are available across different cities of India and can be chosen depending upon criteria like location, price, age, and state of furnishing. Search for flats for rent in Hyderabad and other cities in South.

Price Variations of Properties in Bangalore’s Four-Room Apartments

Realty market of Bangalore, a tier-I city of India, is under constant pressure, from several months now. The news of creation of a separate Telangana spread like fire and created a frenzy among buyers as well as developers. No one is absolutely certain about city’s future in terms of real estate. Unexpectedly, a spike in property market was observed recently. The investors who were, earlier ,wary of jumping into the market, are still doing a wily-nilly. It is clear that they do not want to burn their hands in fire and are playing safe. Contrarily, the demand for budget properties has not gone down too much. This blog lets you know about the current price trends for a four-room apartment in city’s different parts.

 

The starting range, i.e. 30-60 lakhs bracket for 4 room apartments for rent in Bangalore, is applicable in localities like Peenya, Jalahalli, Sahakar nagar, R.T. Nagar, Off Hosur Road, Yelahanka, and Sarjapur. The average per square feet(psf) rate varies in these areas in 2000-4000/- bracket. At Sarjapur and Yelahanka, however, the upper limit of such flats can go up to 2.5 crore, and the psf rate can cross Rs. 6000/-. In the next gamut, i.e. from 60 lakhs onward and up to 1.5 crore, come a plethora of areas. The psf rate in them fluctuates anywhere between Rs. 4000/- and 17000/ sq ft. A few of such areas are Mathikere, Hebbal, Benson Town, Silk Board, Whitefield, Bannerghatta Road, Thanisandra, Kanakapura Road, and Hennur Road. Most of these are high-end colonies with excellent infrastructure, promising employment opportunities, and well-developed software sector.

In 1.5-2.5 crore segment, one can find 4 BHK apartments for properties in Bangalore at Outer Ring Road(ORR), HRBR Layout, Banashankari, Malleshwaram, Jakkur, and Old Airport Road. For beyond 2.5 cr. value, one can find good flats at Bellari Road(5 cr), Koramangala(6.5 cr), Levelle Road (7.5 cr), Daily Circle (3.7 cr), Jayanagar (2.8 cr). The psf can cross 2100/ sq. ft. at some of them. At Arekere and Cunningham Road too, the apartments are quite pricey.

 

Buy, sell, and hire on rent apartments in Bangalore over real estate website, Makaan.com. Search properties of different types for Bangalore real estate and locate the best ones for you.

The Rise in Stamp Duties Turns Down the Sentiments of Buyers of Property Hyderabad

An increment in the amount of stamp and registration duties has not gone well with buyers’ sentiments in Hyderabad. As a result of increment in these two, HMR( Hyderabad Metropolitan Region) saw a decline in the number of total registrations. As the government officials have made it essential for buyers to pay registration and stamp duty, as a part of property buying. The overall result of this is seen the appreciation in rates by builders. As the residential spaces became dearer, buyers sentiments largely turned negative.

 

The overall result of this was seen in considerable fall in property registrations. It was not only a big blow to the property Hyderabad, but also played havoc with the total revenue collected by the government from property transfers. As the market value increased, only 60-70% of the expected revenue value was achieved. In southern Hyderabad, the collected revenue stood at 55%, far below that the authorities had expected. Till the month of October, R&S(Registration and Stamp Duty) department achieved only Rs. 2900 crore as against the expected Rs. 4570 crore.

In order to relieve the payers from this excess baggage for Hyderabad real estate, the authorities have now reduced the registration charges. Such a step will help in accretion of the revenue as this will assist in promoting more transactions. Another way by which reduction in registration duty shall help the authorities shall be by controlling the illegal transfers. As the rates had increased earlier, and the developers were finding it hard to find the buyers, they resorted to illegal means: they started carrying the shady transactions, which resulted in loss to authorities. But now, with the decrease in rates, government expects to see an increase in the number of registrations again.

Look for property Hyderabad over the property site, Makaan.com. Look for residential and commercial Hyderabad apartments to buy, sell, and rent.