Real Estate in Hyderabad, India
Last updated on Mar 09, 2024
Summary: The average cost of a nice 2 bedroom home in Hyderabad, India is around $100,000 USD. A nice 3 bedroom home in Hyderabad is around $150,000 USD. These properties typically include modern amenities such as air conditioning, modern kitchen appliances, and a balcony. There are no restrictions on foreign ownership for properties in Hyderabad. An expat should search for a home to buy in Hyderabad by researching the local real estate market, visiting the area, and speaking with local real estate agents. The most desirable neighborhoods in Hyderabad include Jubilee Hills, Banjara Hills, and Gachibowli.
How do I find a place to live in Hyderabad?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Hyderabad is to use online rental websites such as MagicBricks, 99acres, and Housing.com. These websites allow you to search for rental properties in Hyderabad based on your budget, location, and other preferences. Additionally, you can also use online classifieds such as OLX and Quikr to find rental properties in Hyderabad. You can also contact local real estate agents who can help you find a suitable place to live in Hyderabad. Lastly, you can also ask your friends and family for recommendations on rental properties in Hyderabad," explained one person living in Hyderabad, India.
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What is a typical expat home or apartment like in Hyderabad?
"Expat homes and apartments in Hyderabad are typically modern and spacious, with air conditioning, high-speed internet, and other amenities. Many expats choose to live in gated communities, which offer a variety of amenities such as swimming pools, gyms, and playgrounds. Expat homes and apartments in Hyderabad are often located in the city center, close to shopping, restaurants, and other attractions," explained one person living in Hyderabad, India.
What is the average cost of housing in Hyderabad?
If you are thinking about moving to Hyderabad, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Hyderabad varies depending on the area and type of accommodation. Generally, the average cost of housing in Hyderabad is relatively affordable compared to other major cities in India. Rent for a one-bedroom apartment in the city center can range from around 8,000 to 15,000 rupees per month, while rent for a three-bedroom apartment can range from around 15,000 to 25,000 rupees per month," said one expat in Hyderabad.
Should I buy or rent a home in Hyderabad?
If you have not spent a lot of time in Hyderabad, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Hyderabad can be a great investment, as the city is growing rapidly and property values are increasing. However, it is important to consider the cost of living in the city, as well as the availability of rental properties. Renting a home in Hyderabad can be a great option for those who are not ready to commit to buying a home, as it allows for more flexibility and can be more cost-effective in the short-term. Ultimately, the decision to buy or rent a home in Hyderabad should be based on individual needs and preferences," said one expat who made the move to Hyderabad.
What do I need to know when buying property in Hyderabad?
When we asked expats what advice they would give a foreigner before buying a property in Hyderabad, they said:
"1. It is important to research the local market and understand the current trends in the Hyderabad real estate market. 2. It is important to understand the legal requirements for purchasing property in Hyderabad, such as the registration process and the stamp duty. 3. It is important to be aware of the local infrastructure and amenities in the area, such as schools, hospitals, and transportation. 4. It is important to be aware of the local taxes and fees associated with purchasing property in Hyderabad. 5. It is important to be aware of the local zoning laws and regulations that may affect the use of the property. 6. It is important to be aware of the local culture and customs when purchasing property in Hyderabad. 7. It is important to be aware of the local banking and finance options available for purchasing property in Hyderabad. 8. It is important to be aware of the local real estate agents and brokers who can help with the purchase process," said one person in Hyderabad.
Are foreigners allowed to own property in Hyderabad?
When we asked expats what advice they would give a foreigner before buying a property in Hyderabad, they said...
"Yes, foreigners are allowed to own property in Hyderabad. The Indian government has made it possible for foreign nationals to purchase property in India, provided they meet certain criteria. Foreigners must obtain permission from the Reserve Bank of India (RBI) before they can purchase property in India. Additionally, they must also obtain permission from the State Government of Telangana, where Hyderabad is located. Once these permissions are obtained, foreigners can purchase property in Hyderabad, India," explained one expat in Hyderabad.
What appliances are typically included in a rental?
We asked foreigners in Hyderabad what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Hyderabad, rental properties typically include a refrigerator, washing machine, stove, and air conditioner. Other common appliances may include a microwave, water heater, and television," explained one expat in Hyderabad.
Additional Information about Searching for a Home in Hyderabad:
We asked foreigners in Hyderabad what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Hyderabad can look for listings on real estate websites, such as MagicBricks, 99acres, and Housing.com. They can also search for rental listings on websites such as NestAway, NoBroker, and Zillow. Additionally, expats can contact local real estate agents to help them find a suitable home," wrote one expat who made the move to Hyderabad.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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