how to choose the best property in hyderabad
TRANSCRIPT
How to Choose the Best Property in Hyderabad
Before buying a property in Hyderabad it is very important to consider how well your investment would fare in the long term. For the vast majority of us, our home is the single biggest investment we will every make. Hence before buying real estate in Hyderabad and other cities it is crucial to consider how a region's property market has performed in the past and how it is likely to perform in the future. Many builders and developers in Hyderabad offer discounts on any property consumers buy, however, it is important to consider the value-add of such discounts before signing on the dotted line.
Trends in a Property MarketThe direction in which prices move in a property market is a crucial consideration when deciding in which project in Hyderabad to invest your money. Needless to say, the most upmarket localities tend to also be the safest investment as they nearly always have excellent supporting infrastructure. Well-built localities should have easy access to medical facilities as well as proximity to schools and malls. Modern homebuyers have come to expect such amenities from upmarket homes located in plush regions of a city. When facilities mentioned above are found wanting in a locality such a neighbourhood is deemed less fit for occupancy, particularly by upmarket house hunters.
Taking Advantage of Discounts and OffersKnowing where to buy real estate in Hyderabad can be judged by knowing price history a certain locality. Additionally, as the festive season is in full swing and the top builders in Hyderabad have a large number of offers and discounts for buyers, it is the buyer's duty to seek out the best deal. One such criterion is by seeking out value adds on amenities and interiors, if builders are offering real estate in Hyderabad with slightly better built up interiors at the same price for a flat then such a proposition is likely to be beneficial to buyers. Additionally, more amenities offered by buyers at the same price for a flat is also likely to be a winning proposition for buyers.
Know a Neighbourhood BetterIt is also important to know the rental yields of real estate in Hyderabad in a locality where you expect to buy a home. Rental yields are a strong indicator of the quality of a locality as the neighbourhoods with the best amenities and physical infrastructure are the ones which command the highest rentals. Regions with affordable housing in Hyderabad which nonetheless command respectable rentals of over ten thousand rupees a month may also be excellent locations to buy a property in Hyderabad.
The Crème De La Crème of HyderabadSome of the most desirable localities to reside in Hyderabad are Somajiguda, Kukatpally Housing Board Colony, and Ameerpet. The first two of the mentioned localities command property rates of approximately 5,500 rupees per square foot while the last commands a price of approximately 4,600 rupees per square foot. All three mentioned localities are the most expensive localities in Hyderabad and hence also command the highest rental value from tenants. Property in Hyderabad in any three of these is a good bet.
