Why are tenants in Hyderabad considering buying property instead of continuing to rent?

  • 11 months ago
  • News
Hyderabad Real Estate News

Hyderabad: A surge in rental rates has been observed in Hyderabad’s real estate sector, prompting many tenants to consider purchasing properties instead. Landlords in proximity to workplaces have increased rents significantly, causing residents to exhibit higher rental budgets due to rising rents, shifting living preferences, and economic recovery. According to a report by NoBroker, 65% of tenants in Hyderabad have seen an increase in their rental budgets.

Monthly rentals in Hyderabad have surged, approaching home loan EMIs, compelling 63% of tenants to consider purchasing properties. The real estate sector is expected to witness higher growth in the future, with 43% of landlords reporting a rental yield of 2-3% from their properties, while 17% believe it is 3-4%. Another 20% of landlords report a rental yield of 4-6%, and 20% believe it is over 6%.

Also Read – Best Property Management Services In Bangalore: Real Fynd

While tenants are considering purchasing property, the real estate sector in all localities in Hyderabad is not seeing high demand. However, there are a few localities that are witnessing a huge demand due to their proximity to multinational companies. Kukatpally, Miyapur, Nizampet, Kondapur, and Gachibowli are the most sought-after localities.

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