Apartments in Hyderabad

Hyderabad has a booming real estate market. The city of Hyderabad is growing by leaps and bounds and so are the apartments. This write-up provides you information about the type of apartments available in Hyderabad.

Apartments are generaly referred to as BHK which stands for Bedroom, Hall and kitchen. Besides apartments there are Bungalows, Penthouses, Row houses and Villas.

The various kinds of apartments in Hyderabad are:
1. BHK- 400 to 700 square feet
2. BHK-800 to 1300 square feet
3. BHK-900 to 3000 square feet
4. BHK-1300 to 4000 square feet

The prices of apartments in Hyderabad shot up after the software and BPO companies set up shop in the city. In many areas like the Hitec City area, apartments are going for as much as Rs.3500/Sft.

But in many parts of the city apartments rates have been fluctuating between Rs 2500 to 3200/sft. The prices of apartments are quite high in Hitec City, Banjara and Jubilee Hills areas.

The prices of apartments depend on their distance from the city centre. As compared to the prices in the main areas of the city, the prices of apartments are quite low in the outskirts of the city.

However, along Express Highway from Hitec city to Airport and at Shamshabad, property rates are quite high. Some other upcoming areas are Kompalli and Medchal.

The Shamshabad area is really a hit in the property market and many new apartments are being constructed there at a tremendous speed. Demand along the Srisailam Highway is also picking up. The government of Andhra Pradesh is also trying to get the SEZ proposals in the state cleared by the Central government, which will lead to a further escalation in the prices of apartments.