Best Places To Buy 2 BHK Flats In Hyderabad In 2021

Hyderabad, the land of nawabs, is a significant employment hub in India. As of 2020, Hyderabad has around 600,000 employees in the IT/ITES sector only that are employed in more than 1500 companies. One can guess how big the employment market would be in Hyderabad if only one sector caters to so many people.

Due to the heavy influx of working professionals in Hyderabad, there is a hefty rise in the city’s demand for homes. According to sources, Manikonda, Kukatpally, Gachibowli, Miyapur, Kondapur, Dammaiguda, Bachupally, Kompally, Chandanagar and Nizampet are the top localities that homebuyers prefer to settle in.

With a healthy increase in apartments’ prices, the city’s real estate market experiences a good momentum. 

The Demand for Homes in Hyderabad is Rising

Between the months of January and September 2020, the city came forward as the most dominant city in new residential launches, as per the PropTiger research report. Moreover, Hyderabad also had the lowest inventory overhang of 25 months among the country’s eight prime property markets.

According to another research, Hyderabad crushed the chart in net absorption and fresh completions compared to the top markets, registering around 36% and 44% market share, respectively, in September 2020. Bengaluru and Delhi-NCR follow Hyderabad next in this.

 Property Prices in Hyderabad’s Top Localities

Keeping in mind the affordability and livability quotient, most real estate developers focus on developing 2 BHK apartments rather than 1 BHKs. Among all of the top localities, only Kompally and Kondapu still have a small flow of 1 BHK apartments. Among all, the area of Gachibowli charges the most for their apartments, around 90 Lacs for a 2 BHK, while Dammaiguda charges the lowest, around 40 Lakhs for a 2 BHK.

 The Top 5 Localities To Buy 2 BHK Flats for Sale in Hyderabad

Now that we have looked around the real estate market of Hyderabad, it’s time to have a look at the top 5 localities to find 2 BHK for sale in Hyderabad.

Manikonda

Manikonda is a developing residential locality situated 17 km away from the city centre in the west of Hyderabad. The locality gained popularity in recent years due to many reputed software companies entering the nearby financial districts. Alkapur Township, Gachibowli, Film Nagar, Jubilee Hills and Shaikpet, are the nearby localities to Manikonda. There are several residential projects and independent houses currently under construction in the area, offering mid-segment accommodation for the buyers.

The Greater Hyderabad Municipal Corporation (GHMC) plans to give a facelift to existing roads running under the city’s power lines. Widening of these roads would decongest the traffic greatly, positively impacting the property prices in the area.

Kukatpally

Kukatpally is a residential & commercial locality situated in the north-western part of Hyderabad. Due to its proximity to the IT hub of the HITEC City and Gachibowli, Kukatpally as a region is emerging as a perfect choice for working professionals in that area. The localities surrounding Kukatpally are Nizampet, Kothaguda, Chanda Nagar, HITEC City, Jubilee Hills, Gachibowli, and Moti. High rise buildings dominate this locality. One can also see an increased number of PGs in this area.

With the completion of the under-construction Balanagar flyover, residents of this area would be experiencing a smoother flow of traffic on the Balanagar Main Road while crossing Narsapur and Fatehnagar’ T’ junctions and also help in easing the traffic congestion in the Kukatpally and Quthbullapur areas.

Gachibowli

Gachibowli is a very sought-after destination for companies in sights of setting up their offices in the city. Located just 7 Km from HITECH City, the development of Gachibowli as a commercial hub is speeding at a great pace. With multiple office developments coming in, new people’s inflow has spurred significant residential activity in the whole region. What’s best is that Gachibowli also houses premier educational institutes such as ISB and IIIT, offering good quality education to the residents of Gachibowli and nearby areas.

The Telangana State Road Transport Corporation has also introduced four new luxury buses in the IT corridor, between Kukatpally and HITECH City via Gachibowli, easing up the commuters’ travel woes, providing them with some relief.

Miyapur

Situated along the NH 65, Miyapur is a developing locality in the north-west outskirts of Hyderabad. The locality recently picked up the growth after the development of metro phase 1 in the area. Miyapur hosts several residential complexes and comprises various industrial & office spaces.

Just like Kukatpally, Miyapur is also likely to have a smart parking system that would provide real-time information about the parking facilities for two and four-wheelers on a mobile app. It is also hoped that this is going to take care of everyday civic problems, such as illegal parking that the residents might experience in and around busy stations of the area.

With the availability of developed physical & social infrastructure, good connectivity to key IT hubs, and affordable property options, Miyapur has been experiencing a steady growth in the residential area.

Bachupally

Bachupally is a developing suburb in the city of Hyderabad that majorly comprises residential houses, apartments and plotted developments. It is fenced by Gajularamaram in the east, Bowrampet in its north, Whisper Valley in the south and Bollaram Industrial Area in the western portion. Bachupallu, with time, is emerging as a new residential locality due to how affordable it is, cheap land availability options, and connectivity to the city’s key job hubs.

It is also estimated that around 70 million sq ft of office space will be coming up in Hyderabad’s western localities over five years. Bachupally, being an evolving location, will be a beneficiary in this area, and a number of residential launches have already come forward. Now, the authorities are also planning to improve the social infrastructure and take on this added population in due course of time.

Conclusion

Hyderabad is a city of various wonders, and with the heritage, the city comes blessed with and the inflow of big companies, one can’t just afford to ignore this beautiful place. If you are seeking 2 BHK flats for sale in Hyderabad the areas mentioned above are among the best localities you can buy your home in.

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