Trending Localities of Hyderabad to Invest in 2024

Hyderabad's real estate market is thriving, offering exciting opportunities for investors. Whether you seek high-rental yields, capital appreciation, or a strategic location, the city boasts a diverse range of localities to suit your goals. This guide explores the top localities to invest in Hyderabad in 2024, considering factors like infrastructure, future development plans, and investment potential.

Before you decided to buy a house or even rent a home it is a good idea to sit back and look at the market trends and understand what motivates demand and supply in Indian Real Estate. To make this a simple task, we at NoBroker have decided to list all the trending localities in Hyderabad for your convenience.

This data was collected by a comprehensive survey conducted by NoBroker, we spoke to over 17,652 customers across Delhi-NCR, Bengaluru, Mumbai, Pune, Chennai, and Hyderabad. As data is king, we even used the data that was captured from the search and transactional behaviour of more than 10 million customers on NoBroker. Deciding on the best places to invest in Hyderabad 2024 can be overwhelming, but this guide will unveil hidden gems and established favourites.

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The Best Performing Micro-Markets in Hyderabad in 2024 to Buy a House

It’s interesting to note that 54% of buyers in Hyderabad are looking to buy a new, ready-to-move home. Deciding on the best areas to invest in Hyderabad depends on your budget and whether you prioritise capital appreciation or rental income. The micro-markets that they looked into, or rather, the micro-markets that saw the most interest were –Manikonda which saw an 11% increase as compared to last year, a 10% increase in Kukatpally, 9% in Ameerpet, and 8% in Hafeezpet and Banjara Hills.

Manikonda being a business district is a good place to invest in, especially as it is so close to so many huge office spaces. Kukatpally and Hafeezpet are suburbs, it fits in with the trend we saw where most people are willing to move away from the city centre to find bigger homes at better prices. Ameerpet is a residential locality and perfect for those looking for a nice home in a quiet locality.

Nizampet and Attapur did 8% worse than the previous year, the Financial District did 4% worse and Meerpet along with Miyapur saw a 3% dip in interest when compared to the previous year. There could be numerous reasons for the decreased interest shown by buyers, one being that 2023 changed the way most of us look at our homes and the way we live. This could be a short-term trend, or things could remain the same in 2024.

Top Localities for Rent in Hyderabad in 2024