Where Is Hyderabad Renting?

For a number of reasons, Hyderabad real estate is always buyers' favourite. Apart from the fact that the city is home to a number of industries, it is also one of the cleanest mega cities in India. In case you have yet to save enough money to buy, here are the areas that offer you the largest number of rented properties. The analysis is based on the listing available on Makaan.com.

Bhanur: An upcoming area, Bhanur offers affordable real estate. The average rate of property at Bhanur is Rs 900, and a 2BHK in this locality between a price range of Rs 35 lakh and Rs 45 lakh. In case you plan to rent, you would find the locality equally affordable. A 2BHK unit can cost you a monthly rent of up to Rs 15,000.  However, rents may go up, depending on the developer brand and construction quality. The locality has a livability score of 6 on a scale of 10 on Makaan.com livability score.

Tukkuguda: While rates of property in this area are quite similar to that of Bhanur, rent rates are comparatively higher. You have to pay an average monthly rent of Rs 20,000 in case you chose this locality which is replete with options currently.

Tellapur: This area's proximity to certain key areas of the city, including Ganchobowli, has helped it grow prominence. This is why the demand for rented accommodations in the areas has seen a sharp uptick in the recent past. Average monthly rent in this locality, which has a livability score of 6.6, is Rs 28,000.

Now, let us look at other areas in Hyderabad that offer you a large number of rental options:

Where is Hyderabad looking for rented homes?

While the above-mentioned areas offer tenants the biggest number of choices, there are the localities which register the biggest number of searches for rental units:

Gachibowli: This information technology hub with its well-established civic and social infrastructure is a perfect choice for city residents. Gachibowli has an impressive livability score of 8.3, and there is no dearth of rented options here. In fact, in terms of property listings, the area is the seventh biggest. Considering property here is premium, average monthly rent is Rs 35,000.

Madhapur: With a livability score of 8.8, Madhapur is a perfect choice for working employees of the city. This locality home to top technology and hospitality global brands, hence the demand for rented homes. However, rates of property at Madhapur are much higher than the city average. While rate of property in Hyderabad is Rs 4,000 per square foot (psf), you have to pay an average Rs 6,200 psf at Madhapur. In case you would opt to rent, be ready to pay an average Rs 46,000 every month a rent a place here.

Kukatpalli: Kukatpalli is the top choice for property buyers in Hyderabad, search data show. Consequently, this demand has pushed prices up-- for a square foot of space, you have to pay an average Rs 5,350 while the average rate of property in Hyderabad is Rs 4,000. Kukatpalli, with its 8.8 score on a scale of 10, is quite popular among renters, too. In fact, it is the third top choice among those looking for rented homes, the expensive rates notwithstanding. For a semi-furnished 2BHK rented flat here, you have to pay an average monthly rent of Rs 25,500.

Now, let us look at other areas in Hyderabad which are most searched by rented home seekers:

Note: The analysis is based on searches and listing on Makaan.com.