Property market overview December 2011 - Hyderabad
Hyderabad is the sixth populous urban agglomeration in India. Known for its pearls and cuisine, the city now is an international centre for IT and biopharmaceutical industry. The city is also popular for its Film Industry – Tollywood.
As part of an overall slowdown in property market owing to high interest rate and inflation, the city has experienced a drop of 3.8% in property prices over the past 7-8 months. Top 5 localities in Hyderabad on the basis of maximum real estate action are Kondapur, Miyapur, Gachibowli, Jubilee Hills and Banjara Hills. The average per square feet (psf) rate for the city is around 3300/-.