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Best Affordable Localities in Hyderabad
Hyderabad, known for its rich history, vibrant culture, and booming IT industry, is also becoming a hotspot for affordable real estate. Whether you’re a first-time homebuyer, a working professional, or someone looking to invest in property, Hyderabad offers numerous localities that provide excellent amenities at budget-friendly prices. This blog highlights some of the best affordable localities in Hyderabad, offering a blend of convenience, infrastructure, and affordability.
Table of Contents
1. Kondapur
Kondapur is a popular residential area with a mix of affordable and mid-range housing. It offers excellent connectivity to HITEC City and Gachibowli, major IT hubs, via road and public transport, making it an attractive choice for first-time homebuyers and investors.
- USPs: Proximity to the IT corridor of Hyderabad, Home to Google Office, Apollo Cradle, and KIMS hospitals.
- Average Price of a 2 BHK: ₹94 Lakhs – 1.3 Cr
2. Begumpet
Begumpet, located north of Hussain Sagar Lake, is a well-established and affordable locality in the City of Pearls – Hyderabad. Begumpet is the jewelry hub and hence you will find multiple years-old stores and shopping malls in the bustling locality.
- USPs: Well-connected by major roads, Begumpet metro station (Blue Line), Begumpet railway station, Babukhan Mall.
- Average Price of a 2 BHK: ₹60 Lakhs – 1 Cr
3. Madhapur
Madhapur is an employment hub known for its proximity to HITEC City and affordable housing options. It is renowned for its business parks, the popular Inorbit Mall, and a wide array of restaurants and bars. Madhapur also features notable attractions such as Durgam Cheruvu, or Secret Lake, celebrated for its artificial waterfall, floating fountain, and boating activities.
- USPs: Secret Lake, Durgam Cheruvu Cable Bridge, Inorbit Mall, Sri Venkateshwara College of Pharmacy, and Oakridge Hospitals.
- Average Price of a 2 BHK: ₹59 Lakhs – 1.8 Cr
4. Gangaram
Gangaram is a growing locality in West Hyderabad along National Highway NH 65. Property prices in this area have risen by over 15 percent in the past couple of years, reaching almost Rs 5000 per square foot. This micro-market experiences high residential demand, primarily from working professionals, due to its proximity to industrial zones like Ameenpur and Bollaram, as well as commercial hubs such as Madhapur and Gachibowli, all within a 10-kilometer radius.
- USPs: Well-connected by the Miyapur Metro Station (Red Line), Chandanagar Railway Station.
- Average Price of a 2 BHK: ₹66 Lakhs – 1.10 Cr
5. Shamirpet
Shamirpet is a developing locality in the northern part of Hyderabad, known for its serene environment and affordable housing options, including plots, villas, and apartments. Unlike other parts of Hyderabad dominated by tech companies, Shamirpet hosts pharmaceutical firms such as MN Science and Technology Park Private Limited and AG Research Private Limited. The area also features reputed educational institutions like Nalsar University of Law and BITS Pilani Secunderabad.
- USPs: Shamirpet Lake, Jawahar Deer Park, Genome Valley.
- Average Price of a 2 BHK: ₹40 Lakhs – 1.35 Cr
6. Somajiguda
Somajiguda, a commercial center in Hyderabad, is located along Raj Bhavan Road. Originally a residential area, it has evolved into a bustling business hub with numerous jewelry, automobile, and banking establishments. The locality also enjoys excellent connectivity through major roads, NH 65, and Irrum Manzil metro station (Red Line).
- USPs: Home to major landmarks like Raj Bhavan (official residence of the Governor of Telangana), The Park, and Yashoda Hospital. Close to Begumpet, Punjagutta, and Khairtabad.
- Average Price of a 2 BHK: ₹59 Lakhs – 1.20 Cr
7. Shamshabad
Shamshabad is an affordable locality close to the Rajiv Gandhi International Airport. The area offers various property options, including residential plots, houses, apartments, and office spaces. Nearby areas include Satamrai, Gandiguda, and Cherlaguda.
- USPs: Sri Vendikonda Siddalingeshwara Devastanam Temple, Umdanagar Railway Station, excellent connectivity via the Srisailam Highway, National Highway 7, PV Narasimha Rao Expressway, and Outer Ring Road.
- Average Price of a 2 BHK: ₹45 Lakhs – 95 Lakhs
8. Nizampet
Nizampet is a rapidly growing suburb in north-west Hyderabad, popular among young professionals and families. It offers affordable properties and good connectivity to technology hubs like Gachibowli and HITEC City via the Outer Ring Road (ORR). Nearby areas include Gajularamaram, Pragathi Nagar, Whisper Valley, Miyapur, and Kukatpally. Notable residential projects include KSR Emerald Heights, Unnati Shree Rath Apartments, Satyam Heights, Vertex Sadguru Krupa, and Aditya Lagoon.
- USPs: Nizampet is well-connected via Nizampet Road, NH 65, Pragathi Nagar Road, and Bachupally Road. Jawaharlal Nehru Technological University (5 km), Hafizpet Railway Station (7 km), JNTU metro station (3 km).
- Average Price of a 2 BHK: ₹55 Lakhs – 99 Lakhs
9. Kukatpally
Located in the north-west of Hyderabad, Kukatpally is another prominent locality known for its affordability and excellent infrastructure. The locality is popular among IT professionals due to its proximity to HITEC City and Gachibowli. Kukatpally also hosts many offices, commercial spaces, and small-scale pharma companies. Nearby areas include Nizampet, Kothaguda, Chanda Nagar, Jubilee Hills, and Moti Nagar. The area features high-rise buildings and numerous PG accommodations, with key developers like Incor, Mahindra Lifespace, Lodha Group, Emami Group, Reliance Builders, and Vertex Homes.
- USPs: Kukatpally metro station (Red Line), Hi-Tech railway station, NSL Centrum Mall, OMNI Hospitals, Jawaharlal Nehru Technological University Hyderabad, Avinash College of Commerce. Proximity to HITEC City (6 km) via KPHB Road.
- Average Price of a 2 BHK: ₹50 Lakhs – 1.35 Cr
10. Miyapur
Situated along NH 65, Miyapur is a developing locality on Hyderabad’s north-west outskirts. It has grown significantly with Metro Phase 1 development, offering residential complexes, industrial areas, and office spaces. Miyapur is well-connected via Miyapur-Gachibowli Road, Nehru Outer Ring Road, Hafizpet MMTS station (6 km away), and the Miyapur-LB Nagar metro line.
- USPs: Manjeera Mall, Forum Sujana Mall, Pranaam Hospital, and Srikara Hospitals. Close to Gachibowli and HITEC City, home to MNCs like Infosys, TCS, Wipro, Microsoft India, and Amazon.
- Average Price of a 2 BHK: ₹63 Lakhs – 1 Cr
Hyderabad’s real estate market offers a plethora of affordable housing options that cater to different needs and budgets. From the rapidly developing suburbs to established residential areas, each locality provides a unique blend of connectivity, amenities, and affordability. Whether you are looking for a home close to your workplace, good schools, or simply a peaceful neighborhood, Hyderabad has something for everyone. Investing in these affordable localities not only provides a great living experience but also promises potential appreciation in property value, making it a wise financial decision.
FAQ about Affordable Housing in Hyderabad
Which area is best to buy a home in Hyderabad?
The best areas to buy a home in Hyderabad include Gachibowli, HITEC City, Kukatpally, and Miyapur due to their excellent connectivity, amenities, and proximity to IT hubs.
Is there a housing bubble in Hyderabad?
Currently, there is no significant indication of a housing bubble in Hyderabad. The real estate market remains stable with steady demand and supply dynamics.
Which is the fastest growing area in Hyderabad?
Gachibowli is considered the fastest growing area in Hyderabad, driven by its thriving IT sector, robust infrastructure, and increasing residential projects.
Which part of Hyderabad is developing?
Western Hyderabad, particularly areas like Gachibowli, Kondapur, and Madhapur, is seeing rapid development with numerous commercial and residential projects underway.
Is Hyderabad real estate overpriced?
Hyderabad real estate is relatively affordable compared to other major Indian cities like Mumbai and Bengaluru. While prices have risen, they remain within a reasonable range for most buyers.
Published on 5th August 2024
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