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Top localities in Hyderabad and Pune to rent properties

Top localities in Hyderabad and Pune to rent properties

Hyderabad is the most fast-moving property market in India. It has all the optimistic signs that make this market the best choice for those planning to invest to earn a rental income. In the last quarter of the earlier financial year, the city witnessed its peers’ highest quarterly home sales. Moreover, when all the property markets experienced stagnancy in property prices, Hyderabad recorded a 14 % increase yearly.

If you are looking for houses for rent in Hyderabad, then you can consider the following top localities in the city:

  • Gachibowli

It is an emerging property market in Hyderabad suburbs. Due to its proximity to some of the major commercial hubs and the Hyderabad University, Gachibowli experiences a great demand for rental properties. Gachibowli offers large apartments in the 3BHK configuration, followed by 2BHK and 3BHK+. Even those planning to rent here search for 3BHK units.

  • Madhapur 

It is a suburb in Hyderabad catering to the residential hub for the city’s IT centres, including Jubilee Hills, Gachibowli, and Hitec City. The locality also lies near some of the vital leisure hubs, making it one of the most-costly property markets in the area. Given its finest property costs and rent, most flats available for rent and sale are in the 2BHK and 3BHK+ configurations. The initial rent for a 3BHK in Madhapur is approximately Rs 21,000.

  • Kondapur 

It is an emerging real estate market close to Gachibowli, Hitec City, and Hyderabad University. Due to its affordable rentals, the properties here are preferred by those on a budget. But, with more commercial development in the area, the costs are expected to increase. Kondapur is a prime property market that provides many 2 and 3BHK apartments, while there is an increasing demand for 1, 2, and 3BHK apartments.

  • Ameerpet 

It is a suburb in Hyderabad that caters to both residential and commercial property hubs. It is a locality of significance given that it is one of the key interchange stations linking the Blue Line and the Red Line of the Hyderabad Metro. The property market is fast-growing due to connectivity and commercial development.

Ameerpet has a blend of 2, 3 and 3BHK+ units available for sale. Among these 2BHK units are most in-demand for rental purposes.

  • Begumpet

Affordable housing, the availability of government offices and MNCs, and the nearness to Begumpet airport, apart from excellent facilities for its residents, make this place one of the hottest locations for houses for rent in Hyderabad.

  • Somajiguda

Somajiguda is a great place to rent a house in Hyderabad if you prefer staying in a peaceful area that does not make you feel like you are staying in a metro. Somajiguda provides great road and rail connectivity and access to schools, malls, MNCs, etc.

Thus, Hyderabad is an amazing city to live in. The localities mentioned above are the top places you must consider while moving or looking to rent a house in Hyderabad. 

About rental properties in Pune

Pune is a budding real estate investment hotspot in India. Employment and education are two well-known reasons to invest in 2, 3 and 1 BHK flats on rent in Pune. Several migrant population shifts to Pune to work or study each year, driving the demand for rental properties in the city. It is a flourishing commercial city with plentiful employment opportunities, particularly in IT and ITes and industrial sectors. It is the best city for education, with several universities, over 20 engineering colleges, and over 200 other colleges and nationally and internationally accredited institutions.

These opportunities are throwing up vast demand for residential properties for buying and rent purposes. You can purchase 1 BHK flats on rent in Pune, 2 BHK, 3 BHK and even premium apartments based on your budget and necessities.

Top places to live in Pune

With IT hubs spread across Pune, real estate investment is a good option. The below-mentioned localities have experienced a positive trend with reputed companies such as Wipro, Infosys, Capgemini, Cognizant, etc. located in the corridors of these areas. Whether you want to rent a house in Pune or buy a new flat in Pune, you can be sure of good returns on your investments.

  • Wakad

It is a Pune neighbourhood with great educational institutes and several gated housing societies, making it an apt choice for those planning to live with families. Its proximity to Hinjewadi, a key commercial Pune hub, has enhanced property’s market value here. The area also lies close to the Mumbai Expressway and the Pune Expressway, ensuring connectivity to other cities around. It is quite popular among Pune’s tenants because of its affordability factor. 

  • Hinjewadi

The IT hub provides several options to buyers or tenants, ranging from budget apartments to luxury ones. A tenant can find accommodations that might cost a monthly rent beginning from Rs 5,000 to Rs 45,000. The unit size differs anywhere between 600-1,500 square feet on average. 

  • Kothrud

It has several tech companies and colleges. Working professionals and students are always searching for the best rental deals here. Kothrud is among the most reasonably priced rental localities in Pune. The locality has a well-developed social and civic infrastructure. This locality has a maximum of 1BHK flat on rent in Pune.

Besides this, there are many residential properties to select from in other prominent localities such as Tathawade, Talegaon, Kharadi, Rahatani, Wagholi, and Kamshet. Check out these locations before finalizing your abode. 

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