Land prices in Hyderabad Skyrocketing

After a prolonged slump due to global recession and political turmoil, Hyderabad’s realty is now on an upswing. Land prices in Hyderabad are anticipated to rise in the backdrop of the bifurcation process approaching its conclusion, predicted real estate professionals. It was also felt that after a brief lull, people would invest deeply in new development places in 2014-15.

Today, housing in Hyderabad is affordable as compared to other metro cities. In fact, due to the political uncertainty in the last few years, land prices in the districts have gone up, whereas in Hyderabad, they remained the same. Hence, we are expecting more investment in the near future, as there is scope for prices almost doubling in the next two years.

Land owners in places like Maheshwaram, Moinabad, and Chevella, who sold their plots for not less than a few crores of rupees per acre during the real estate boom, have now slashed the prices by over 70 per cent to attract buyers.  With more developers now eager to invest in land for development, demand for land is reaching a new high with rates hardening in the bargain.  

Beating all other regions in Hyderabad, property prices in Shaikpet went up from Rs.2444 psf in to Rs.5663 psf in a huge 58 per cent raise. Nampally comes next with a raise of 49 per cent, the real estate rates in this area went up from Rs.2906 to Rs.5400 during the same time.  Himayath Nagar, Narayanguda, Trimulgiri, Attapur, Hi-tech city, Ring Road, Gopanpally, Kachiguda and Habsi Guda regions experienced price appreciation in the range of 20 - 50 per cent.