Affordable Housing Archives - IND Real Estate Blog

Hyderabad has come up as one of India’s fastest-growing cities. Also known as the city of pearls, the city is famous for its beautiful monuments and rich culture. The capital city of Telangana offers pleasant weather, world-class offices, delicious street food, and lively nightlife. Today the city is known for its IT industries, hotel industries and best academic institutions, and thus has become a hub for many salaried professionals, entrepreneurs, and students. Nevertheless, locating an economical neighborhood for renting a house has emerged as a significant challenge for these individuals. Fortunately, Hyderabad boasts numerous regions that are quite budget-friendly and offer a comfortable living experience with essential amenities. This article will explore the leading affordable residential areas in Hyderabad, where individuals can readily find housing options that ensure optimal value for their investment. Top Affordable Residential Areas to Rent a House in Hyderabad Here’s a list of the affordable localities in Hyderabad for renting a house. 1. Uppal Uppal, situated to the east of Hyderabad, is renowned for housing the National Geophysical Research Institute. It has emerged as a prominent IT hub and boasts excellent connectivity to adjacent residential neighborhoods such as Tarnaka and Pocharam. The area is particularly favored by middle-class and upper-middle-class students and professionals seeking a more tranquil and spacious living environment, away from the hustle and bustle of city life. Many people here prefer renting a home due to the availability of independent houses and also as the area offers affordable housing in Hyderabad. It is accessible via a metro station and a railway station called Kachiguda, located merely 10 kilometers away. Rental Rates in Uppal Flat Type Price Range Average Rent1 BHK Rs 6K - 7K Rs 6.5K2 BHK Rs 10K - 15K Rs 12,2503 BHK Rs 17k - Rs 19K Rs 18K 2. Somajiguda Somajiguda, the location of the Raj Bhavan (the official residence of the Governor of Telangana), is poised to transform into a commercial center. Nevertheless, amidst this commercial development, the area retains several residential neighborhoods that offer relatively affordable accommodation, especially in comparison to upscale neighborhoods, and therefore it is considered as one of the best localities to live in Hyderabad. Somajiguda, characterized by its outstanding infrastructure and connectivity, presents an excellent choice for individuals seeking affordable rental accommodations. This locality, renowned for its tranquil atmosphere, is strategically situated close to Punjagutta, Khairatabad, and Begumpet. Residents in this area benefit from the abundant greenery that envelops the surroundings, creating a peaceful setting ideal for unwinding. Rental Rates in Somajiguda Flat Type Price Range Average Rent1 BHK Rs 15K - 20K Rs 17.5K2 BHK Rs 21K - 26K Rs 23 K3 BHK Rs 30k - Rs 70K Rs 50K 3. Miyapur Miyapur Miyapur, which was once a modest village, has now integrated into the rapidly growing urban landscape of Hyderabad. Situated approximately 22 kilometers from the city center, it is recognized as one of the most affordable residential areas in Hyderabad region. The area boasts excellent transportation links, with direct connections to the city center via the Miyapur-Gachibowli and Miyapur-Kompally intermediate ring roads. Furthermore, its proximity to NH-65 facilitates easy travel to major cities such as Machilipatnam and Pune. A significant advantage of Miyapur is the abundance of job opportunities available, and it is conveniently located just 4 kilometers from Hafeezpet Railway Station. Rental Rates in Miyapur Flat Type Price RangeAverage Rent1 BHK Rs 12K - 15K Rs 13.5K2 BHK Rs 19.5K - 24.5K Rs 22K3 BHK Rs 29k - Rs 36K Rs 32.5K 4. Begumpet Begumpet derives its name from Basheer Unnisa Begum, the daughter of the sixth Nizam of Hyderabad. Situated to the north of Hussain Sagar Lake, Begumpet is recognized for the well-known Begumpet Airport, which primarily serves as a training facility for chartered flights. Predominantly surrounded by various multinational corporations and government establishments, Begumpet has developed into a significant center for both commerce and residential living. The area, which is one of the best residential areas in Hyderabad is known for its peaceful and calm atmosphere, featuring wide and well-maintained roads and lush greenery. Begumpet offers a mix of historical charm and modern conveniences. When discussing the housing options available, one can discover a range of residences from classic to modern apartments. The combination of commercial significance and residential peace renders Begumpet a desirable location for affordable living in Hyderabad. Rental Rates in Begumpet Flat Type Price Range Average Rent1 BHK Rs 10.5K - 12K Rs 11.25K2 BHK Rs 25K - 27.5K Rs 26K3 BHK Rs 35K - Rs 45K Rs 40K 5. Manikonda Manikonda is situated close to the key commercial centers of Hyderabad and is well-known for the prominent Lanco Hills Tech Park. This locality boasts excellent connectivity to the Rajiv Gandhi International Airport and several major highways, including NH-4, NH-7, and NH-9. Essentially, Manikonda lies between Telecom Nagar and the Outer Ring Road, making it a preferred residential choice for numerous professionals employed in the city and its surroundings. The Lanco Hills Tech Park, which is backed by the Telangana government and covers approximately 7.85 million square feet, comprises both SEZ and non-SEZ areas. Additionally, the locality benefits from a dedicated road that provides direct access to the international airport, further improving its accessibility. The region has seen considerable growth in social infrastructure, establishing it as a prime location for affordable rental options. Rental Rates in Manikonda Flat Type Price Range Average Rent1 BHK Rs 7K - 25K Rs 25K2 BHK Rs 15K - 40K Rs 27.5K3 BHK Rs 55K - Rs 60K Rs 57.5 K 6. Ameerpet Situated in the northwestern part of Hyderabad, Ameerpet is an ideal location for college students and young professionals seeking budget-friendly housing and living expenses. The area boasts excellent connectivity to key regions of Hyderabad, including Begumpet and Banjara Hills. Additionally, Ameerpet is recognized as the educational center of Hyderabad, hosting numerous software training institutes. Thus, making it a popular destination for IT professionals. Many working professionals as well as students choose to stay in shared flats accommodations to save on costs. Ameerpet’s bustling commercial and educational atmosphere is balanced by its wide range of budget-friendly housing options. Rental Rates in Ameerpet Flat Type Price Range Average Rent1 BHK Rs 10K - 15K Rs 12.5K2 BHK Rs 20K - 25K Rs 22.5K3 BHK Rs 50K - Rs 1 Lakh Rs 1 Lakh Conclusion Affordable housing remains in demand in Hyderabad. With localities like Nagaram and Patancheru Mandal offering properties at affordable prices. Miyapur, Shamsabad and Uppal are also cheap residential areas where one can live on rent. All these areas with residential properties in Hyderabad provide budget-friendly options for rent without compromising on essential amenities. If you are looking forward to shifting to Hyderabad either for work or study, the above list of areas is where you will be able to find affordable localities to live in Hyderabad. However, it is always advisable to consider your budget and other factors like location, infrastructure, and proximity to employment hubs and monthly expenses before you opt for a place to rent.

Affordable Housing

Guide to 6 Top Affordable Residential Areas in Hyderabad

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