Hyderabad Real estate Market

Hyderabad Real estate Market

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)       
          High    Low       
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:
Property Registration:
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
HMWSSB Hyderabad:
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:
 
Consumption
(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 – 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.