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Top 5 Areas in Hyderabad for luxury residences

Top 5 Areas in Hyderabad for luxury residences

The capital of Telangana, Hyderabad has constantly been growing and evolving, ever since the bifurcation of the state of Andhra Pradesh. Data shows that the average value of properties in the city is marginally performing higher than that of Bangalore or Chennai. As 2021 year end, property rates stood at Rs 5,900- 6,100 per sq. ft. in Hyderabad, after a pandemic-induced decrease in the appreciation of 7% over 2020.

A testament to the power of real estate is some of these posh locales of Hyderabad where the only thing that touches is inflation of prices year-by-year, deeming these areas essentially an indication of one’s status symbol. While the city is being flooded with affordable housing options these areas remain renowned for the luxury residences in Hyderabad.

Banjara Hills

Coveted by most, Banjara Hills is a traditionally desired addition to the address line for people looking for penthouses, pre-build houses or 3 BHK luxury apartments in Hyderabad. The area has managed to preserve its serenity in a city that is growing by the hour. Banjara Hills is also home to the best eateries, shopping complexes, schools and colleges in town.

Due to its high development peak earlier, there are a few new constructions taking place today. Making it almost impossible for you to find a new house or apartment in this area.

Jubilee Hills

Another expensive locality on the list. Jubilee Hills is an address that is full of politicians, actors and business tycoons. Therefore, the real estate market in this suburb is near its peak and hence it’s hard to find a home or land. New developments in the area are few and the value of each is north of multiple crores.

You can expect to find that the houses come at an asking price of up to Rs 40 crores. While the rents go up to Rs 6 lakh per month.

HITEC City

HITEC City is an upbeat locality that is situated 2kms from Jubilee Hills and only 6kms from the commercial hub of Gachibowli. This meticulously planned area is abbreviated after the full name Hyderabad Information Technology and Engineering Consultancy City (HITEC City).

Acting as the hub of healthcare, financial and IT services, this area offers you a bed of roses when it comes to your money and reputation. Owing to its prestige new development allows ease of buying property in this locality.

Considered the primary employment hub of the city, HITEC City houses IT parks such as L&T Infocity, DLF IT SEZ, Tech Mahindra IT SEZ, WIPRO, and Mindspace Cyberabad SEZ to name a few. These factors, paired with luxurious residential spaces and lucrative new projects, make HITEC City the top area in Hyderabad for luxury residences. It is emerging as a convenient locality to live in that too near the office hub of the city.

Gachibowli

Home to the well-to-do-off IT professionals with the desire of living near one of the busiest tech hubs of the country. While also boasting the best sports establishments in the city. Known for its luxury apartments in Gachibowli, a suburban locality of Serilingampally the developments transcend the words ‘lavish living’.

Thanks to the prime location. The future of this area shines bright with an influx of investment from end-users for capital gain and investors for maximum yield and capital appreciation. This is why there is no lack of new projects to meet the demand.

Manikonda

Premier apartment complexes are the most enviable commodity in the real estate market, all due to the trends of the young and affluent working executives.

Functioning as the head office of various IT giants. Many top earners of these IT hubs choose to get themself 3 BHK luxury apartments in Hyderabad.

If you are venturing into the real-estate market to find yourself luxury residences in Hyderabad, your first step should be to start your search from Gachibowli. This area is prestigious, located near major IT hubs and has new projects in the development stage making it easy for you to find your dream home.

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