Demand for residential property in Hyderabad, the second largest city in Sindh, has increased by nearly 22% in the last two years.
This Is due to improved Infrastructure as well as the fact that property prices are 25 to 30% lower compared to Karachi, making the city a good investment option.
Return on investment (ROI) on these properties ranges between 12 and 15% each year. If you are thinking about purchasing residential property in Hyderabad, here are three upscale neighborhoods worth considering.
Defense Housing Society (DHS)
Located on ThandiSarak, it is a six-minute drive from Rani Bagh Zoo, one of Hyderabad’s well-known recreational avenues. Educational institutions, commercial hotspots, restaurants and a sports ground are located there and property prices increase by 15 to 18% every year.
Available plot sizes include: 400, 600 and 1,000 square yards.
Purchase price range: Rs 87,500-90,000 per square yard.
Monthly rental range: Rs 380-420 per square yard.
Kohsar Housing Society
Located on Airport Road, it is a five-minute – drive from Hyderabad Airport. Amenities include eateries, hospitals, schools and a cricket ground. Property prices increase by 10 to 12% every year.
Available plot sizes include: 150 square yards.
Purchase price range: Rs 26,500-28,000 per square yard.
Monthly rental range: Rs 135-140 per square yard.
Accessible via ThandiSarak and Auto Bahn Road, two of Hyderabad’s primary thoroughfares, it is divided into 12 blocks. Commercial pockets, hospitals, restaurants and schools are located there and recreational avenues include an arts council and a sports ground. Property prices increase by 15 to 18% every year.
Available plot sizes include: 85, 150, 240, 500 and 1,000 square yards.
Purchase price range: Rs 47,000-50,000 per square yard.
Monthly rental range: Rs 300-350 per square yard.
By NimraSajjad. Information provided by Al Wasay Estate Agency, Hyderabad.