3 Locations To Get Good Rental Income In Hyderabad
A number of people aspire to generate sources of additional income, and rent is one of the major channels that have potential to provide a stable passive income. So, if you are on board with this belief, we list three locations in Hyderabad which provide for a superior rental income out of your investment in property. To buy a rental property at these locations, you need to have a corpus of Rs 80 lakh to Rs 1.5 crore.
As this location is a base for a number of information technology (IT) companies, your property at this location will never be out of demand. The employees working in the multinational software companies operating out of Manikonda always prefer home which is in proximity to their offices. Manikonda properties are definitely the first choice for these professionals. Your investment at Manikonda has bright chances of securing consistent rental income. Plus, your property remains well-maintained by nice, educated tenants.
Manikonda is also connected to the other commercial destinations such as Hitec City and Gachibowli, and one can easily travel to these IT hubs through Outer Ring Road (ORR). Apart from seamless connectivity with the other parts of the city, the location offers sound physical and social infrastructure.
As far as going rates of rentals are concerned, a 2BHK apartment is available in the range of Rs 10,000-25,000 a month. The amount of rent depends on the size and profile of the property. A 3BHK apartment can be rented anywhere from Rs 15,000-45,000 a month.
This location is yet another hub, which is a home to a host of IT and professional services companies. Given the high-profile companies which are situated in this location, the area has emerged up quite well in terms of infrastructure.
Residential properties at Nanakramguda have a high probability of superior rental income as the professionals who work in the companies in this locality prefer to stay nearby. And why not? Properties at Nanakramguda offer a great package, all thanks to the presence of social infrastructure that includes educational institutes, bank branches, ATMs, shopping centres, eateries and entertainment zones, etc.
Renting a home at Kukatpally make sense to the people who want to limit their expenditure on rent. This location is known for its budget properties. A 2BHK apartment can be opted at Rs 10,000-25,000 a month, and the rental values for 3BHKs start from Rs 15,000 a month and go up to Rs 40,000 month.
It is not that one has to compromise on the quality of life living at this location. The location enjoys proximity to Hitec City, Madhapur and L&T Infocity, and it is equipped with all necessary civic amenities. It is seen that bachelors and small families looking for smaller apartments prefer Kukatpally.