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Trending Localities of Hyderabad to Invest in 2024
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Hyderabad's real estate market is thriving, offering exciting opportunities for investors. Whether you seek high-rental yields, capital appreciation, or a strategic location, the city boasts a diverse range of localities to suit your goals. This guide explores the top localities to invest in Hyderabad in 2024, considering factors like infrastructure, future development plans, and investment potential.
Before you decided to buy a house or even rent a home it is a good idea to sit back and look at the market trends and understand what motivates demand and supply in Indian Real Estate. To make this a simple task, we at NoBroker have decided to list all the trending localities in Hyderabad for your convenience.
This data was collected by a comprehensive survey conducted by NoBroker, we spoke to over 17,652 customers across Delhi-NCR, Bengaluru, Mumbai, Pune, Chennai, and Hyderabad. As data is king, we even used the data that was captured from the search and transactional behaviour of more than 10 million customers on NoBroker. Deciding on the best places to invest in Hyderabad 2024 can be overwhelming, but this guide will unveil hidden gems and established favourites.
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The Best Performing Micro-Markets in Hyderabad in 2024 to Buy a House
It’s interesting to note that 54% of buyers in Hyderabad are looking to buy a new, ready-to-move home. Deciding on the best areas to invest in Hyderabad depends on your budget and whether you prioritise capital appreciation or rental income. The micro-markets that they looked into, or rather, the micro-markets that saw the most interest were –Manikonda which saw an 11% increase as compared to last year, a 10% increase in Kukatpally, 9% in Ameerpet, and 8% in Hafeezpet and Banjara Hills.
Manikonda being a business district is a good place to invest in, especially as it is so close to so many huge office spaces. Kukatpally and Hafeezpet are suburbs, it fits in with the trend we saw where most people are willing to move away from the city centre to find bigger homes at better prices. Ameerpet is a residential locality and perfect for those looking for a nice home in a quiet locality.
The Top Localities in Hyderabad for Buyers in 2024
Keeping with the trends of 2024, the localities that most buyers were interested in were -
- Kukatpally ( Flats for Sale in Kukatpally )
- Madhapur ( Flats for sale in madhapur )
- Manikonda ( Flats for sale in manikonda )
- LB Nagar or Lal Bahadur Nagar ( Flats for sale in lb nagar )
- Boduppal ( Flats for sale in boduppal )
We’re not surprised to see localities like Madhapur, Manikonda, and LB Nagar on the list of top localities for buyers in Hyderabad. These are localities that are good business districts and offer plenty of commercial and residential options. However, Kukatpally and Boduppal are localities that might see more growth because of their connectivity and because of the business opportunities available there.
We believe these localities will be in trend for the upcoming year as well. with constant investment across different development projects, 2024 will be a really good time to invest in these localities.
The Worst Performing Micro-Markets in Hyderabad in 2024
Nizampet and Attapur did 8% worse than the previous year, the Financial District did 4% worse and Meerpet along with Miyapur saw a 3% dip in interest when compared to the previous year. There could be numerous reasons for the decreased interest shown by buyers, one being that 2023 changed the way most of us look at our homes and the way we live. This could be a short-term trend, or things could remain the same in 2024.
Top Localities for Rent in Hyderabad in 2024
Amongst all the madness that 2022 brought, renters in Hyderabad were very clear on where they would like to stay. Hyderabad is constantly expanding, with new areas emerging as prime locations for investment in 2024. Some of the most promising upcoming developing areas include Pocharam, Kompally, Bachupally, and Ameenpur. These areas offer a mix of factors that are attractive to residents and investors, such as developing IT hubs, educational institutions, and green spaces. A majority of them chose the localities below, mostly localities close to business districts and localities that offer great connectivity to business and commercial establishments.
- Kukatpally ( flats for rent in kukatpally )
- Gachibowli ( flats for rent in gachibowli )
- Kondapura ( flats for rent in kondapur )
- Manikonda ( flats for rent in manikonda )
- Madhapur ( flats for rent in madhapur )
The NoBroker Real Estate Report of 2024 has a lot of interesting insights for buyers, investors, sellers and renters. If you would like to know more about Localities to invest in Hyderabad, visit – to Download a FREE copy of the report.
If you’re looking for a home and need assistance, then click the link below to know more, and get started.
Frequently Asked Questions
Ans: Absolutely! Hyderabad's ongoing development creates exciting opportunities. Look into developing areas like Bachupally, Tellapur, or Kompally. These areas offer affordable entry points and are poised for significant infrastructure and commercial growth, potentially leading to rising property values.
Ans: Several areas are attracting residents seeking a modern lifestyle. Areas like Narsingi, Kokapet, and Kondapur boast excellent connectivity, proximity to IT hubs, and a growing number of residential projects with top-notch amenities.
Ans: Consider your investment goals. Do you prioritise high rental yields, capital appreciation, or a comfortable living environment? Research infrastructure development plans, connectivity to key areas, and the reputation of builders in developing areas. Consulting a local real estate agent can also be highly beneficial.
Ans: This depends on your risk tolerance and investment goals. Residential properties typically offer stable rental income, while commercial properties can have higher returns but also come with greater risk. Consider your investment horizon and risk tolerance before deciding.
Ans: Several online resources provide insights into Hyderabad's real estate market. You can consult property listing websites, local market reports, and news articles. It's also advisable to connect with a reputable real estate agent who can guide you based on your specific needs.
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I especially appreciate the detailed analysis of each area, including factors like The Best Performing Micro-Markets in Hyderabad in 2023 to Buy a House The Top Localities in Hyderabad for Buyers in 2023 The Worst Performing Micro-Markets in Hyderabad in 2023 Top Localities for Rent in Hyderabad in 2023. This information is valuable in helping investors make informed decisions about where to invest their money.