Kukatpally, Nizampet are home buyers’ choice

Hyderabad has been witnessing a steep rise in demand for residential properties and Kukatpally and Nizampet have emerged as the most preferred localities for investment.

The data came to light through the findings of a recent survey conducted by real estate platform, ‘Housing.com’. Other areas in which home buyers are interested include Pragathi Nagar, Miyapur and Kondapur.

Housing.com, a part of Elara Technologies Pte Ltd, unveiled the findings of its research on top investment localities, preferred property type and configuration by Indian home buyers based on insights drawn from the traffic witnessed on the platform.

A statement released by the company said, “This research helps to understand the buying trends of Indian home buyers in Hyderabad and other cities like Mumbai, Delhi-NCR, Bengaluru, Chennai and Kolkata.”
According to the survey, 70 per cent of home buyers opt for apartments in Hyderabad whereas 30 per cent prefer having villas in the region.

“While looking for a property, a buyer would normally prefer a perfect mix of a great social and civic infrastructure along with proximity to key locations. This research aims to assist home buyers to identify top localities for property investment in the six regions and presents preferred property type and configuration by home buyers in those regions,” the statement said.

In addition, 2 BHK is the most preferred configuration by people (48 per cent) while 39 per cent buyers prefer 3 BHK. Four BHK and 5 BHK have witnessed a very low traction in the region at five per cent and seven per cent respectively.

“The overwhelming preference for apartments shows the growing acceptance of this property type amongst the urban population who prefer a standard lifestyle with various amenities at a reasonable cost,” said the statement.

Across the country

• Mumbai’s property market is legendary and the hottest investment destinations in the city include Thane West, Dombivili East, Mira Road East, Andheri West and Panvel
• Delhi and the National Capital Region (NCR) region is bustling with a range of infrastructure development and top localities to invest in the region includes Rohini, Uttam Nagar, Dwarka, Sector 16/Palam Vihar and Noida Extension
• Bengaluru, popularly known as the ‘Silicon Valley of India’ is one of the upcoming residential market in India and top 5 investment localities in the city are Hormavu, KR Puram, Whitefield, Electronic City and JP Nagar
• On the back of infrastructural developments, Chennai has been transforming itself into a real estate hotspot. The top localities of the city preferred for investment are Perambur, Kolathur, Ambattur, Madipakkam and Chromepet
• The top localities in Kolkata, the capital city of West Bengal are South Dum Dum, Dum Dum, Rajarhat, New Town and Garia