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Best time to invest in Hyderabad realty market

Published & Updated as on - 2012-08-24

The real estate market in Hyderabad is in a consolidation mode, market sources revealed. It is still very much a buyer's market as compared to other cities such as Mumbai and Delhi where the real estate prices have gone beyond the reach of the common man. Hyderabad still offers affordable options to end users.

According to Nitin Bichala, Managing Director (MD), Brook Realtors Pvt Ltd, "Since the prices are the lowest in Hyderabad, there is only upside in terms of appreciation." He was answering a query from a Magicbricks.com user, who wanted to know the best location to purchase a flat that would give return on investment as well as rental returns. He further added that areas such as Attapur, Shaikpet, Nanakramguda, Madinaguda, Miyapur, Kukatpally, Chandanagar, Gachibowli, Gopanpally, Nallagandla, Lingampally etc will be good locations to invest depending on one"s personal choice.

Data from MagicBricks.com showed that apart from a few exceptions like Ameerpet and Hi-Tech city, rest of the localities in Hyderabad have hardly witnessed any increase in the residential values of multi-storey apartments in the Jan-March 2012 quarter.

This is good news for those looking to invest in property as appreciation in the future is guaranteed. Take the case of another MagicBricks.com user who wanted to know if it is right to invest in property in Hyderabad with a view on further appreciation and higher rentals.

Rahul Singhal of Grow Well Properties reiterated that investing in Hyderabad today not only ensures appreciation in the future but also offers good rentals. He added that a 3BHK flat in a good location like Hi-tech city or even in a suburb like Kompally would fetch around Rs 15,000 per month as rent.

Source: MagicBricks.com Bureau

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