When you live in a city as large and diverse as Hyderabad, you can’t decide where to invest in a home so easily. Each area has its own pros and cons, its own character, its own charm and its own rate of growth and appreciation.
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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.
The Best Performing Micro-Markets in Hyderabad in 2023 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. 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 2023
Keeping with the trends of 2022, 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.
Read: A Dive into Affordable Housing in Karnataka with the Rajiv Gandhi Awas Yojana
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We believe these localities will be in trend for the upcoming year as well. with constant investment across different development projects, 2023 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 2023.
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. 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, 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.
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.