Hyderabad's rental market has skyrocketed, with average flats in gated communities (around 1800+ sq. ft) now costing nearly Rs 70,000 per month.
Luxury apartments, like those in My Home Bhooja, demand an astonishing Rs 2 lakh per month for a 3BHK.
With rents increasing rapidly over the past few years, many hope that the delivery and occupancy of major upcoming projects like Sayuk, Provincia, Vipina, and Zenon will help stabilize prices.
The city's booming real estate market, driven by IT expansion and infrastructure growth, has led to soaring rental rates.
While Hyderabad was once known for affordable housing, its current rental trends are alarming.
Unless supply meets demand, rents may continue to rise, making homeownership a more viable option.
Many now await the impact of upcoming projects on the city's rental landscape.
