Hyderabad: The real estate market in Hyderabad is witnessing the lowest property prices in the southern areas of the city, along with a rise in demand for plots.
According to the Homebuyer Sentiment Survey – H1 2024, the average budget range for 2BHK flats in South Hyderabad is Rs 45 lakh to 55 lakh, and the average sqft rate is Rs 5,720.
Property prices highest in central Hyderabad
Property prices are highest in the central areas of the city. The average budget range for 2BHK flats in these areas is Rs 1 crore to 1.5 crore, and the average sqft rate is Rs 9,450.
Below are the average budget ranges for 2BHK flats across various zones.
| Zones | Average budget range for 2BHK (in Rs) | Average rate/sqft (in Rs) |
| Central Hyderabad | 1 cr – 1.5 cr | 9,450 |
| East Hyderabad | 55 lakh – 70 lakh | 5,850 |
| North Hyderabad | 55 lakh – 65 lakh | 5,945 |
| South Hyderabad | 45 lakh – 55 lakh | 5,720 |
| West Hyderabad | 65 lakh – 90 lakh | 7,765 |
As per GHMC, Malakpet, Santoshnagar, Chandrayangutta, Charminar, Falaknuma and Rajendra Nagar come under the South Zone of Hyderabad.
Apart from property prices, the report highlights that the demand for 3BHK units is the highest in Hyderabad. Even across India, the demand for larger homes continues to dominate buyer preferences since the pandemic.
Flats vs plots in Hyderabad
In India, compared to the survey conducted two years ago (H1 2022), interest in 3BHK units has increased significantly—from approximately 41 percent in H1 2022 to nearly 51 percent in H1 2024.
Below is the preference for different types of flats in Hyderabad.
| Flat size | Percentage of BHK choices |
| 1 BHK | 2 |
| 2 BHK | 39 |
| 3 BHK | 54 |
| 4 BHK and above | 5 |
Residential property prices in Hyderabad surge
Demand for plots increases in Hyderabad
The report highlighted that residential plots are gaining increased interest from prospective buyers, with at least 20 percent of property seekers preferring to invest in them.
In Hyderabad, 27 percent of buyers are preferring residential plots. Several large and well-known developers have extensively launched residential plot projects.
Similarly, villas and row houses are also increasingly preferred in Hyderabad. However, apartments continue to dominate buyer preferences.
