The creation of an all-new state called Telangana, has effected cities like Ongole and Singarayakonda, where the land prices have tripled to their original prices. Ongole, that is among the top contenders as the new capital of Andhra Pradesh, has not seen even a single land transaction after its speculation of being the next capital city started ringing the circuits. But as far as real estate in Hyderabad is concerned, the things have not changed much. To tell the truth, the property market in this city is performing very well.

Let's make a note of the localities in Hyderabad that have seen price appreciation in the quarter April-June, 2013. Apartments for sale in Hyderabad that are located in areas like Begumpet, Attapur, Gachibowli, Madhapur, KBHB Colony, Miyapur, Manikonda, Bowenpally, and Nizampet, the realty rates have got an appreciation between 5-10%. The escalation rates ranging between 1-4% has been recorded in localities including, Bachupally, Hi-tech City, Hydernagar, Kukatpally, LB Nagar, Sainikpuri, Somajiguda, and Sanat Nagar. There are still several localities where a depreciation of capital rates has been witnessed during the same quarter: Ameerpet, Kompaly, Kondapur, Sainikpuri, and Saket. Padamrao Nagar is a locality where the rate for property for sale in Hyderabad have seen an appreciable decrease of 17%.

 

The average price per square feet of the properties is high in areas like Banjara Hills, Sanatnagar, Somajiguda, Begumpet, Hafeezpet, Hitech City. The comparatively lower rates can be expected in localities like A S Rao Nagar, Attapur, Bachupalli, Chandanagar, Kompally, Dilsukhnagar, Malkajgiri, Nizampet, and Uppal. The average rates in these localities range between 2000-3000/ sq. ft. So, these can be opted by the budget buyers.

As per the latest news, DLF, one of the top-notch developers in the city, has decided to take an important step for its upcoming southern projects. In its latest move, it has decided to divest a big part of the southern projects to a realty firm called Sri Ram Group. This step has been taken by DLF to make investment only in the selected cities of North and divest its projects in South. Focusing on the strategic development and gaining out of best suited geographical locations, this realty firm intends to invest more on its northern projects of the real estate in Hyderabad. This way, it would be able to rationalize those land reserves that are not expected to garner good results. But the developer shall continue its ongoing projects (under constructions) until they get completed.