Hyderabad's real estate market is seeing an increase in rental prices. Rents have often increased dramatically near jobs thanks to landlords. hyderabad residents are reportedly increasing their rental budgets as a result of rising rents, changing living preferences, and the economic recovery, according to research by NoBroker. Sixty-five percent of tenants in the city reported a rise in their rent costs.

Tenants in hyderabad seek more spacious accommodation
The research also noted that 61 percent of hyderabad residents are looking for more roomy housing as a result of protracted hybrid work arrangements. 59 percent of tenants in hyderabad choose to live close to their place of employment or children's school, despite the rise in rental real estate in some locations. Hyderabad's average rent inflation is 11% because certain neighborhoods are in great demand while others are not.

In hyderabad, the most sought-after localities for rent are:

• Kukatpally
• Gachibowli
• Kondapur
• Miyapur
• Madhapur

Why is rental real estate in hyderabad surging?
According to the report, landlords are citing the following reasons for increasing rents:

1. Because other people have increased
2. Because there is more demand
3. Rise in EMIs
4. To make up for the lost rent during the pandemic.

In hyderabad, 43% of landlords claim that their homes' rental yield is between 2% and 3%, while 17% think it is between 4% and 6%. Another 20% of landlords claim that the rental yield is between 4% and 6%. Additionally, 20% of landlords think the rental yield is greater than 6%. Investor interest is at an all-time high as a result of the increased rental yield.
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SIBY JEYYA

31/08/2023 08:22 AM