The resumption of work from the office is causing a jump in rental costs in several sections of Hyderabad's real estate market. In the last two years, the city has seen an average increase of 25% in rental rates. However, the increase is not consistent, as certain regions in hyderabad have experienced a rise in rents while others have seen stagnant development.

Work from the office behind the rise in rental rates in Hyderabad
The end of work from home and the resumption of office employment is one of the primary causes contributing to the rise in rental costs in several regions of Hyderabad. Other considerations include an increase in property prices, which makes purchasing a house impossible for many people, boosting demand for rental homes in the hyderabad real estate market.

Hyderabad real estate sees rise in demand in some areas
According to a report by TOI, rental properties are in high demand in the following areas in Hyderabad:

1. Banjara Hills
2. Jubilee Hills
3. Kukatpally-Miyapur corridor
4. Gachibowli
5. Madhapur
6. Financial District
7. Nanakramguda
8. Hayathnagar
9. Peerzadiguda
10. Abdullapur

According to the survey, rental costs in hyderabad range from Rs. 50,000 to Rs. 1.5 lakh in banjara hills and Jubilee Hills, and between Rs. 25,000 and Rs. 40,000 in the Kukatpally-Miyapur corridor. Rates in Gachibowli and madhapur range from Rs. 27,000 to Rs. 40,000. Rents in Nanakramguda and the Financial district might reach Rs. 50,000. Rents are rising in other parts of hyderabad, including Hayathnagar, Peerzadiguda, and Abdullapur.
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09/12/2023 08:27 AM