August 11, 2020: High-end luxury properties offered some cheer and hope to Hyderabad realtors hit by the unprecedented drop in sales due to the pandemic. While most buyers stayed away from the property market, surprisingly, luxury villas – priced between Rs 5 crore and Rs 12 crore – solid like hotcakes in the city. The buyers were mostly in well-paid professions- doctors, NRIs, businessmen and senior executives.
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About 100 premium units were sold in Hyderabad during the period. In 2019, the city sold over 4,000 houses during the April to June period.
These were mostly duplex villas located on the city’s outskirts – Gopanpally, Narsingi, Gandipet – with a price range of Rs 5 crore to Rs 9 crore. Ultra-luxury apartments, costing Rs 10 crore to Rs 12 crore, too, found many takers.
Some buyers preferred villas outside the city due to the outbreak of the coronavirus pandemic as they are mostly working from home.
Hyderabad realtor Sumanth Reddy, President of the National Association of Realtors said there is an increase in demand for bigger homes.
Buyers who can afford larger homes, want their families to be safe and comfortable post the pandemic. Moreover, this segment of buyers is never driven by the current market sentiment.
Meanwhile, deluxe apartments, priced between Rs 3 crore and Rs 5 crore, too, did good business. Particularly those that are either ready to move or nearing completion.
In recent years, the demand for luxury villas in Hyderabad has increased. Many regions of the city, especially the IT centres, have seen a high amount of such residential units sold. Luxury residences in the city were generally associated with large bungalows and separate villas until roughly four years ago. However, in recent years, the definition of premium villas in Hyderabad has broadened and modernised.
List of best villas in Hyderabad
Vasantha City by Vasantha Group
- Possession Status – Ready to Move-in
- Avg. Price – ₹10.50K/sq.ft
Gardenia Gardenia Florence Villas by Gardenia Ventures
- Possession Status – Ready to Move-in
- Avg. Price – ₹12.00K/sq.ft
In Hyderabad’s well-connected suburb of Gachibowli in Manchirevula, there is a private villa project called Gardenia Florence that is exquisitely constructed and ready to move into. It is being created by renowned Gardenia Ventures. The strategic location and affordable cost of living of the quiet residential region are driving up residential demand. A critical location for future growth and development, these luxury houses in Hyderabad are close to important corporate hubs and the Outer-ring Road, giving residents quick access.
The luxury flats in Hyderabad, which covers 6 acres, provides a wide selection of luxurious and cosy 3BHK and 4BHK Villas. One of Hyderabad’s most opulent residential complexes, Gardenia Florence has all the most modern amenities as well as extras like entertainment, centralised dining, vital senior-focused features, grab bars in the hallways, and other health and wellness activities.
Vamsiram Jyothi Cosmos
- Possession Status – Ready to Move-in
- Avg. Price – 9.50K/sq.ft
Jubilee Hills is situated in Shaikpet to give you access to all the city’s hotspots and a lot of luxury homes in Hyderabad. Westwood Homes is a peaceful and calm community that offers top-notch amenities that go above and beyond luxury and treats residents to a higher standard of living! Each of these has a modular kitchen and is finished with beautiful Italian flooring and artificial ceilings to improve the aesthetic appeal. Every room is roomy, light-filled, and well-lit to make your house as cosy as it should be! A place where you may grill up a feast and enjoy yourself while surrounded by friendly people and delicious food For your convenience, Westwood also includes a clubhouse, mini-plex, game rooms, and much more! The property has architecture that fuses modern and traditional styles to produce deliberately placed spaces that prioritise luxury. These flats are homes that you would truly call your own because they care for your body, mind, and spirit.
These are some of the best posh apartments in Hyderabad. The development of the city as a tech-hub has resulted in an exponential enhancement for luxury properties in Hyderabad. If you’re looking to buy a luxury house for sale in Hyderabad, then NoBroker is the perfect assistance you need. We will help you find the dream of your home and also help you build your dream home. To know more about our services, drop a comment down below and our executive will be in touch with you shortly.
FAQ’s
Q1 What is the population of Hyderabad?
Ans. Hyderabad, India, occupies 625 square kilometres (241 square miles) and has a population of 6,809,970 people, making it India’s fourth most populated metropolis. There are 3,500,802 men and 3,309,168 women in the city.
Q2 What languages are spoken in Hyderabad?
Ans. Hyderabadi is a hybrid of Telugu, Hindi, and Urdu with its unique set of sounds and tones. The Telugu spoken in Hyderabad has numerous Urdu vocabulary, while the Urdu spoken here is likewise different, with Marathi, Telugu, and Hindi influences. The languages basically spoken are Telugu, Hindi, English and Urdu.
Q3 What is a popular food in Hyderabad?
Ans. One of the city’s most popular meals is Hyderabadi Biryani. It is distinct from other varieties of Biryani, which originated in the Hyderabad kitchens of the Nizams. It’s a festive dish made with basmati rice and mutton, as well as yoghurt, onions, and spices.
Read: Housing ministry suggests states to follow Maha; reduce stamp duty on property transactions
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Q4 Are the Phoenix Halcyon famous residential towers?
Ans. These residential units are ultra luxury villas in Hyderabad and offer the best amenities. They are considered super luxury apartments in Hyderabad and are believed to be among the costliest villas in Hyderabad.
Q5 What are the property rates in Hyderabad?
Ans. In the fourth quarter of 2021, the cost of housing in Hyderabad increased by 7%. According to PropTiger, an independent real estate advisor, Hyderabad has overtaken Mumbai Metropolitan Region as the second most expensive housing market after the increase in average prices.
