Hyderabad, which is home to many IT establishments, has been providing employment opportunities. This has attracted many people to come and settle here. Even in terms of infrastructure, it has been continuously developing to provide better facilities. For those who are moving to Hyderabad and are looking for an affordable place to live near Hitech city, then here are some of the best areas to look for.
Best Residential Areas in Hyderabad (Near Hitech City)
Find below the best residential areas to live in Hyderabad.1. Kukatpally
Kukatpally is a major residential neighbourhood in Hyderabad. It is located close to prominent employment hubs such as Hitech City, Gachibowli, and Madhapur. It is home to many small industrial establishments along the Kukatpally – Sanath Nagar stretch. This locality enjoys excellent road connectivity through the NH 65. Besides this, it is well-served by the Kukatpally and KPHB Colony metro line along the red line of the Hyderabad metro. It is home to all essential amenities required and hence regarded as the most sought residential locality for working professionals, families, and bachelors.
The rental rates for an average size of 1,000 sq ft for a multistory apartment range between INR 12,000 to INR 21,000 per month and an independent house range between INR 10,000 to INR 16,000 per month. Keep reading to know the average property prices per square foot in Kukatpally, Hyderabad.
| Type |
Average Area (Per Sq.ft.) |
Average Property Price |
|
| Sale |
Rent |
||
| 2 BHK | 1100 | Rs 79 Lac - 87 Lac | Rs 17-29 per sq.ft. |
| 3 BHK | 1600 | Rs 1.15 Cr - 1.27 Cr | |
(Source: PropWorth from Magicbricks - Instant Property Valuation Tool)
Check Out: Properties for Sale in Kukatpally, Hyderabad
Kukatpally, Hyderabad: Price of Houses, Apartments, Villas, Plots, Comm. Property Kukatpally Review2. Kondapur
Kondapur is close to Hitech City and Gachibowli, and hence it is a popular destination among IT professionals and bachelors. It provides excellent housing options with good infrastructure which makes it a suitable locality for families as well. Top-notch educational institutions, hospitals, shopping complexes, banks, restaurants, malls, and supermarkets are some of the amenities that can be easily accessed. Furthermore, this locality is well connected to ring road, and railway stations.
The rental rates for an average size of 1,000 sq ft for a multistory apartment range between INR 14,000 to INR 22,000 per month and an independent house range between INR 12,000 to INR 21,000 per month. Keep reading to know the average property prices per square foot in Kondapur, Hyderabad.
| Type |
Average Area (Per Sq.ft.) |
Average Property Price |
|
| Sale |
Rent |
||
| 2 BHK | 1100 | Rs 99 Lac - 1.10 Cr | Rs 21-35 per sq.ft. |
| 3 BHK | 1600 | Rs 1.44 Cr - 1.60 Cr | |
(Check Out: Properties for Sale in Kondapur, Hyderabad
3. Begumpet
Begumpet is a well-developed residential and commercial locality with top-notch amenities. It is home to many government offices and Multinational National Companies (MNC). It offers excellent road and rail connectivity. This locality enjoys ready access to quality social and retail infrastructure. Hence this locality is regarded as a convenient locality for residential living.
The rental rates for an average size of 1,000 sq ft for a multistory apartment range between INR 11,000 to INR 19,000 per month and an independent house range between INR 12,000 to INR 20,000 per month. Keep reading to know the average property prices per square foot in Begumpet, Hyderabad.
| Type |
Average Area (Per Sq.ft.) |
Average Property Price |
|
| Sale |
Rent |
||
| 2 BHK | 1100 | Rs 72 Lac - 80 Lac | Rs 15-24 per sq.ft. |
| 3 BHK | 1600 | Rs 1.05 Cr - 1.17 Cr | |
Check Out: Properties for Sale in Begumpet, Hyderabad
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4. Uppal
Uppal, which is also known as Uppal Kalan is the most viable residential neighbourhood. The property prices in this locality are relatively less when compared to the rest of Hyderabad. Due to its affordability, it has become a popular destination among families and bachelors. It offers quality living with well-organized colonies. It is home to many IT companies and educational institutions. Furthermore, the Uppal metro station along the red line connects it to prominent employment hubs.
The rental rates for an average size of 1,000 sq ft for a multistory apartment range between INR 8,000 to INR 14,000 per month and an independent house range between INR 6,000 to INR 11,000 per month. Keep reading to know the average property prices per square foot in Uppal, Hyderabad.
| Type |
Average Area (Per Sq.ft.) |
Average Property Price |
|
| Sale |
Rent |
||
| 2 BHK | 1100 | Rs 44 Lac - 48 Lac | Rs 9-16 per sq.ft. |
| 3 BHK | 1600 | Rs 64 Lac - 70 Lac | |
(Source: Magicbricks PropWorth)
Check Out: Properties for Sale in Uppal, Hyderabad
5. Miyapur
Located along the NH 65 stretch, Miyapur is predominantly a residential area that offers housing units at affordable prices. It is surrounded by many lakes which provides a scenic view to the residents. Sound connectivity with other parts of Hyderabad, proximity to IT establishments, and availability of well-developed social and retail infrastructure have made this neighbourhood a most sought residential destination.
The rental rates for an average size of 1,000 sq ft for a multistory apartment range between INR 10,000 to INR 16,000 per month and an independent house range between INR 7,000 to INR 12,000 per month. Keep reading to know the average property prices per square foot in Miyapur, Hyderabad.
| Type |
Average Area (Per Sq.ft.) |
Average Property Price |
|
| Sale |
Rent |
||
| 2 BHK | 1100 | Rs 77 Lac- 85 Lac | Rs 14-25 per sq.ft. |
| 3 BHK | 1600 | Rs 1.11 Cr - 1.23 Cr | |
(Source: Magicbricks PropWorth)
Check Out: Properties for Sale in Miyapur, Hyderabad
6. Dilsukhnagar
Dilsukhnagar is a well-established residential and commercial suburb in Hyderabad. Independent houses and multistorey apartments are the housing options that are available in this locality. Connectivity with other parts of Hyderabad is commendable with frequent buses that have enhanced local commuting. It provides excellent social and retail infrastructure.
The rental rates for an average size of 1,000 sq ft for a multistory apartment range between INR 9,000 to INR 16,000 per month and an independent house range between INR 7,000 to INR 12,000 per month. Keep reading to know the average property prices per square foot in Dilsukhnagar, Hyderabad.
| Type |
Average Area (Per Sq.ft.) |
Average Property Price |
|
| Sale |
Rent |
||
| 2 BHK | 1100 | Rs 64 Lac - 71 Lac | Rs 11-18 per sq.ft. |
| 3 BHK | 1600 | Rs 94 Lac - 1.04 Cr | |
(Source: Magicbricks PropWorth)
7. Lingampally - Serilingampally
Lingampally which is also known as Serilingampally is a prominent residential suburb in Hyderabad. It provides good public transport and amenities. The proximity to employment hubs and excellent connectivity has driven the demand for the residential segment. It is located close to NH 65 and BHEL (Bharat Heavy Electricals Limited) in Ramachandrapuram.
The rental rates for an average size of 1,000 sq ft for a multistory apartment range between INR 11,000 to INR 19,000 per month and an independent house range between INR 10,000 to INR 18,000 per month. Keep reading to know the average property prices per square foot in Lingampally - Serilingampally, Hyderabad.
| Type |
Average Area (Per Sq.ft.) |
Average Property Sale Price |
| 2 BHK |
1100 |
Rs 81 Lac - 89 Lac |
| 3 BHK |
1600 |
Rs 1.17 Cr - 1.30 Cr |
(Source: Magicbricks PropWorth)
Check Out: Properties for Sale in Lingampally - Serilingampally, Hyderabad
8. Gachibowli
Gachibowli is one of the residential premium locations with stunning high-rise apartments in Hyderabad. The locality is approximately 5.5 km away from Hitech city. The area offers all the modern amenities and infrastructure for luxury residential living. The locality is highly sought after by tech professionals due to its proximity to major office complexes. The connectivity of Gachibowli with the rest of the city is also excellent.
The locality can be accessed with ease through Outer Ring Road and Old Mumbai Highway. Gachibowli will soon be connected via metro through the Airport metro line that is part of Hyderabad metro phase 2. Also, the presence of premier educational institutes nearby, i.e. ISB and IIIT, increases the demand for the locality. The social infrastructure in the area is also unmatchable, with the presence of hospitals, educational institutes, and shopping and entertainment zones.
The rental rates in the locality range between Rs 20,000 to Rs 50,000 based on the size of the property. Further, The average prices for residential property in terms of buying and rentals are as follows:
| Type |
Average Area (Per Sq.ft.) |
Average Property Price |
|
| Sale |
Rent |
||
| 2 BHK | 1100 | Rs 1.15 Cr - 1.27 Cr | Rs 20-34 per sq.ft. |
| 3 BHK | 1600 | Rs 1.67 Cr - 1.85 Cr | |
(Source: Magicbricks PropWorth)
Check Out: Properties for Sale in Gachibowli, Hyderabad
9. Ameerpet
Ameerpet is a prime location in Hyderabad, known for its excellent connectivity, educational institutions, and commercial hubs. It is considered one of the best places to live in Hyderabad with family due to its central location and proximity to other important areas of the city. The area is well-connected through various modes of transportation, including metro, buses, and cabs. It also has several reputed schools, colleges, and hospitals nearby, making it an ideal place for families with children. Moreover, Ameerpet is home to several shopping malls, restaurants, and entertainment centres, providing a perfect work-life balance for residents.
Ameerpet is surrounded by popular localities like Hitech City, Banjara Hills, Madhapur, Jubilee Hills, and Puppalaguda, offering great property options. The average prices for residential property in terms of buying and rentals are as follows:
| Type |
Average Area (Per Sq.ft.) |
Average Property Sale Price |
| 2 BHK |
1100 |
Rs 72 Lac - 80 Lac |
| 3 BHK |
1600 |
Rs 1.05 Cr - 1.16 Cr |
(Source: Magicbricks PropWorth)
Also Read | Where to Invest in Hyderabad in 2024
10. Madhapur
Situated in the Ranga Reddy District, Madhapur is a premium locality at the heart of several IT hubs. Some of them include: Tech Mahindra Sez, International Tech Park, Hyderabad, and The TCS Deccan Park Campus.
Naturally, it's a hotspot for IT professionals. To meet the rising demand for residential real estate, there are many upscale projects in Madhapur, like Cybercity Marina skies, Rainbow Vistas, and Prestige Ivy League, all offering posh amenities to lead a perfect modern lifestyle.
Not only that, Madhapur also enjoys excellent rail and road connectivity.
Key roads:
-
Outer Ring Road (ORR)
-
HITEC City Road
Railway Station:
-
Madhapur Metro
-
Hitech City Railway Station
In addition to all this, what makes Madhapur stand out is its excellent infrastructure. The area has some of the best educational institutes in Hyderabad like the National Institute of Fashion Technology, Venkateshwara Arts & Pharmacy College, and GCR International School. There are also several hospitals, shopping avenues, and restaurants, ensuring a well-rounded lifestyle.
Since it's an in-demand locality due to the many benefits it offers, rent is on the higher side.
| Type |
Average Area (Per Sq.ft.) |
Average Property Price |
|
| Sale |
Rent |
||
| 3 BHK | 1600 | Rs 1.46 Cr - 1.62 Cr | Rs 19-33 per sq.ft. |
| 4 BHK | 2000 | Rs 1.83 Cr - 2.02 Cr | |
(Source: Magicbricks PropWorth)
Check Out: Properties for Sale in Madhapur, Hyderabad
11. Nallagandla
Nallagandla is an upcoming locality that has seen a rise in residential real estate development in recent years. Some of the top projects in the area include: Aparna Sarovar Zenith, Ramky One Galaxia, and DSR Park Ridge.
Well-connected to several IT hubs and business centres such as Hitech City, Financial District, and Gachibowli, Nallagandla offers an affordable option for IT and business professionals seeking mid-income housing.
Additionally, there are many types of residences like independent houses, villas, plots, and high-rise apartments you can choose from according to your preference and lifestyle. The most preferred residential areas in Nallagandla range from 1,200 to 2,000 sq. ft.
Apart from this, the area is just 3 km from Mumbai Highway, and 10 km away from the Outer Ring Road. The area is also well connected to other parts of Hyderabad through a network of roads.
Railway Station:
-
Lingampalli railway station
-
Telapur railway station
-
Chandanagar railway station
Key Roads:
-
Kanchi-Gachibowli Road
-
Nallagandla Road
-
Nallagandla-Tellapur Road
-
Akshaj Marg
Nallagandla also has a robust social infrastructure. It is home to many reputed colleges, schools, hospitals, malls, and hotels.
The average prices for different residential properties are as follows:
| Type |
Average Area (Per Sq.ft.) |
Average Property Price |
|
| Sale |
Rent |
||
| 2 BHK | 1100 | Rs 85 Lac - 94 Lac | Rs 22-34 per sq.ft. |
| 3 BHK | 1600 | Rs 1.24 Cr - 1.37 Cr | |
(Source: Magicbricks PropWorth)
Check Out: Properties for Sale in Nallagandla, Hyderabad
12. Manikonda
Manikonda is a growing residential and commercial area close to IT hubs such as Divyasree NSL Orion, Raheja Mindspace IT Park, WaveRock SEZ, and Cyber Pearl. The area features many premium residential complexes with 2 and 3 BHK being the most common type of flats preferred by the residents.
Manikonda is a popular choice for families due to its easy access to transportation and closeness to key landmarks and amenities. The area is also experiencing a boost in real estate development, with many new residential and commercial projects in progress.
Key Roads:
-
Nehru Outer Ring Road
-
Khajaguda-Nanakramguda Road
-
Lanco Hills Road
-
Shaikpet Main Road
Railway Station:
-
Raidurg Metro Station
-
Peddamma Gudi Metro station
-
Madhapur Metro Station
Rental rates in Manikonda vary from mid (Rs 20,000) to high (Rs 1 lakh) range, catering to different budget preferences.
The average price per sq. ft. for residential properties in Manikonda is as follows:
| Property |
Residential (Average Price Per Sq.ft.) |
| Property for Sale |
Rs 4,800 - Rs 7,900 |
| Property for Rent |
Rs 18 - Rs 32 |
-
Property price range in Manikonda: Rs 30 Lac - Rs 15.78 Cr
-
Properties in the price range:
-
Rs 1 Cr - Rs 1.50 Cr: 35.11%
-
Rs 80 Lac - Rs 1 Cr: 16.01%
-
Property types:
-
Flats: 84.4%
-
Houses: 4.51%
-
Prominent landmarks: Indian School of Business (ISB), Pavitra International School, Preston Prime Mall & Multiplex, PVR Preston Prime, Pacific Clinics, Apollo Hospital, Golconda Fort, and Qutub Shahi Tombs.
-
Popular localities around Manikonda: Narsingi, Gachibowli, Hitech City, Puppalaguda, Jubilee Hills
Manikonda is fast becoming a popular alternative for people in Hyderabad for comfortable and convenient living.
Check Out: Properties for Sale in Manikonda, Hyderabad
Key Developments in Hyderabad’s Housing Market:
According to Knight Frank India's October 2023 report, key developments in Hyderabad include:
-
Rise in Property Values: The total value of registered properties reached Rs 3,170 crore, a 41% YoY increase.
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Popular Property Sizes: Properties sized 1,000-2,000 sq ft accounted for 69% of registrations.
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Price Range Trends: The most registrations were for properties priced between Rs 25 – 50 lakhs, making up 50% of total registrations.
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Growth in Larger Properties: Registrations for properties larger than 2,000 sq ft increased to 12% from 10% YoY.
-
High-Value Deals: Notable deals were recorded in Hyderabad and Rangareddy for properties over 3,000 sq ft valued above Rs 4.5 crores.
Conclusion to Best Places to Live in Hyderabad
Proximity to employment hubs, excellent road and railway connectivity, and top-notch social and retail infrastructure have made these localities the most preferred destinations. You can explore your property options in your preferred locality from the list of best places to live in Hyderabad and proceed with your purchase in no time.
We also offer home loan benefits to help you easily finance your chosen property and build your dream home without any hassle. To avail of our home loans package, you can simply visit the home loans section on our website or contact our customer care team to seek assistance.
Why is Hyderabad's residential market preferred by Indian home buyers
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