The residential realty market which witnessed a prolonged slump since 2009 due to various factors like the global recession as well as the political uncertainty surrounding the bifurcation of the state is going through a gradual phase of recovery at the moment.
There has been a marked preference for multi-storey apartments in varying price ranges depending on the purchasing power of the buyer. Many areas on the west of Hyderabad like Gachibowli, Hitech City, Kukatpally, Madhapur and Chandanagar have seen increased demand due to their proximity to the IT hub, as well as other factors like excellent connectivity, good infrastructure facilities, and availability of residential property in Hyderabad at affordable prices etc.
Since Hyderabad has a sizable population of migrants, particularly IT/ITes professionals, the rental housing market is very prominent in the city.
As per the demand-supply trend in 2013, for residential apartments in Hyderabad, there is a supply of around 40,000 units, while the current absorption rate is only about 28,000 units, thereby resulting in a surplus of about 12,000 units.
Key Localities in Hyderabad:
Locality Price per sq. ft. In Q3, 2013 Rent per sq.ft. in Q3 2013 (figures in Rs)
Chanda Nagar 2900 10 10
Kukatpally 3730 11 9
Miyapur 3310 10 9
Gachibolwi 3910 16 14
Manikonda 2840 11 10
Uppal 2400 9 8
Appa Junction 2600 10 8
Begumpet 4460 14 13
Jubilee Hills 5280 15 14
Somajiguda 4690 16 13
Pocharam 2540 10 8
Secunderabad 2330 9 8
Charges by Government Body:
Stamp Duty: 5%
Registration Charge: 0.5% of property rate
VAT: 5% (on agreement value)
Service Tax: 10% (on agreement value for under construction properties only).
Andhra Pradesh Central Power Distribution Company Limited (APCPDCL):
APCPDCL is responsible for catering to the electricity needs of seven districts in Andhra Pradesh including Hyderabad. The other districts are Rangareddy, Ananthpur, Medak, Kurnool, Mahabob Nagar and Nalgonda districts. APCPDCL is the largest of four power distribution companies in the state of Andhra Pradesh. The other companies are APEPDCL, APSPDCL and APNPDCL.
Hyderabad Electricity rates in Urban areas:
Rs. 1.45 per unit upto 50 units
Rs.2.6 per unit more than 50 units
Rs.3.25 per unit between 51 and 100 units
Rs.4.88 per units between 101 and 150 units
Rs.5.63 per unit between 151 and 200 units
Rs.6.38 per unit between 201 and 250 units
Rs.6.88 per unit between 251 and 300 units
Rs.7.38 per unit between 301 and 400 units
Rs.7.88 per unit between 401 and 500 units
Rs.8.38 per unit above 500 units
Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) takes care of the water supply, sewerage system and sewerage disposal of the Hyderabad Metropolitan area.
Hyderabad Water Charges:
(in KL per month) Domestic (in Rs) Non-domestic (in Rs)
0-15 (slums) 7.00 NA
0-15 10.00 20.00
16-30 12.00 35.00
31-50 22.00 35.00
51-100 27.00 35.00
101-200 35.00 50.00
Above 200 â€“ Entire quantity 40.00 50.00
GHMC Property tax:
The Greater Hyderabad Municipal Corporation (GHMC) Revenue department is in charge of assessment of properties for property tax and collection of property tax in the Greater Hyderabad Municipal Corporation.
GHMC has a Self Assessment scheme enabling property owners or occupiers to have an opportunity of indicating their own taxes. Property taxes can be paid through banks, Citizen Service Centres, e-Seva Centres and through the internet.