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Premavathi Pet, West Hyderabad, Hyderabad, Hyderabad District

Pincode: 500030

Situated in: Hydrabad City

Premavathi pet Hyderabad location map

55 Flats for Sale in Premavathi Pet

23 Flats for Rent in Premavathi Pet

State: Telangana

District: hyderabad

Total Area: 1.6 km²

Population: 6590

Population Density: 4115

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About premavathi pet, Hyderabad

Premavathi Pet is located in the southern parts of Hyderabad. Premavathi Pet PIN codes are 500030 and 500052. The locality is situated close to Katedhan and Budwel. Given its proximity to these commercial and residential hubs, Premavathi Pet provides homebuyers with a convenient location. It is well-connected via major roads like NH44 and has quick access to amenities like schools, hospitals, malls and IT parks in the vicinity.

Premavathi Pet Hyderabad is a cosmopolitan locality that attracts a diverse population. It is home to both young working professionals and families seeking an organised residential area. With its gated communities and amenities, the area appeals to people seeking a relaxed lifestyle away from the chaos of the city. Residents typically enjoy an active lifestyle with many parks and walking trails. The culture is very eclectic, influenced by people from all parts of India and exhibiting Hyderabadi traditions during festivals. With its ethnic diversity and green spaces, Premavathi Pet provides residents a balanced life through close-knit communities.

Physical Infrastructure of Premavathi Pet

The location of Premavathi Pet is well-connected to key physical infrastructure in Hyderabad. It is located just off NH44, providing direct access to the city’s major highways including Nehru ORR, SH4, and PV Narasimha Rao Expy boosting Premavathi Pet infrastructure. Commuters can easily reach any part of the city via the Outer Ring Road. Rajiv Gandhi International Airport is 17 km away. Budvel train station is 6 km away. MG Bus Station metro station is 12 km away. With its proximity to major transportation networks and amenities, Premavathi Pet offers an ideal locale that is well-integrated with the infrastructure of Hyderabad. Check out the Premavathi Pet map to know more.

Social and Retail Infrastructure of Premavathi Pet

Premavathi Pet is well-served by social infrastructure and amenities. Residents have access to quality education as schools like Government Boys High School Darul-Uloom, Sri Vidyaniketan High School and MS Mission High School are located nearby. For higher education, institutions like Al-Jamia-As-Sunniya-Darul-Uloom-Taiba and Huda Girls Junior College are within a 5-10 km radius according to the Premavathi Pet map. Healthcare needs are covered by the presence of large hospitals such as Kasturba Nature Cure Hospital and NPA Hospital within close proximity. Daily shopping needs can be fulfilled at retail destinations like Sri Balaji Super Market. With renowned schools, colleges, hospitals and malls in and around Premavathi Pet, residents can enjoy a high standard of social and lifestyle amenities without having to travel far.

Real Estate Market Trends and Rental Demand in Premavathi Pet

Premavathi Pet property prices have been growing steadily over the past few years. Property rates in the area have appreciated by over 15-20% owing to improved physical and social infrastructure connectivity. Being well-located and integrated with amenities has boosted demand for buying and renting homes. For sellers, it is a good time to capitalise on the rising property rates. The average Premavathi Pet property rates are around Rs. ₹6,582 per sq. ft. For tenants and landlords, rental demand has also increased substantially due to the influx of IT/ITES professionals to offices and institutions in and around the locality. The average monthly rent for 2-3 BHK apartments now ranges from Rs. 25,000-50,000. With ongoing and future infrastructure projects, property and rental trends are expected to continue growing favourably in Premavathi Pet over the next 5 years.

Top Employment Hubs near Premavathi Pet

Premavathi Pet is strategically located in close proximity to some of Hyderabad’s major employment hubs. Being strategically placed near these top employment hubs, Premavathi Pet offers homeowners and renters excellent access to a wide range of job opportunities. Some of the top employment hubs near Premavathi Pet are- 

  • HITEC City – 23.4 Km
  • Financial District – 19 Km 

Famous Sub-Localities / Colonies / Areas near Premavathi Pet

Being a well-developed locale, Premavathi Pet is surrounded by several reputed residential enclaves. Living in Premavathi Pet provides access to these prestigious sub-localities, along with their associated lifestyle advantages and infrastructure. Some of the popular area near Premavathi Pet are-

  • Chandrika Colony 
  • Prashant Colony 
  • Katedhan
  • Sai Baba Nagar
  • Budwel

Things to do in Premavathi Pet

  • Start your mornings with a refreshing walk in Lumbini Park surrounded by lush greenery. Take in the magnificent views of the park's sprawling lakes. 
  • For impressive architecture and spiritual tranquillity, visit the iconic Birla Mandir. Don't miss its intricately carved pillars and vibrant sculptures.
  • Work up an appetite by the scenic waters of Hussain Sagar lake on Necklace Road. Stroll along its promenade and soak in the charm of Hyderabad. You can also spot colourful sunrise and sunset scenes.
  • Shopaholics will love rummaging through over 500 global brands at Hyderabad Central, the largest mall in the south. Grab a bite at its international food court with choices from across the world. IKEA and Escape are also must-visit destinations with innovative dining options.
  • To catch the adrenaline and cheer on your favourite teams, head to the Gachibowli Stadium which hosts major cricket and football matches. 
  • Keep yourself entertained through the city's lively festivals, heritage walks, museums and more. 

With its central location, excellent connectivity, thriving real estate market and proximity to top employment, social and lifestyle amenities, Premavathi Pet emerges as a highly desirable residential destination for both homeowners and tenants in Hyderabad.

What's Good about Premavathi Pet?

  • Many healthcare and education options 
  • Upcoming malls will add more retail options.
  • Proximity to employment hubs like HITEC City, Gachibowli and Financial District.
  • Plenty of luxurious gated communities and independent floors.
  • Wide choice of residential properties at different price points.

What is not Good about Premavathi Pet?

  • Public transportation networks could see enhancements.
  • Some areas lack sufficient green cover and open spaces.
  • Pollution levels rise due to the growing vehicle population.
  • Street lighting requires upgrades in certain pockets.
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Properties for rent in premavathi pet, Hyderabad

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₹ 10000

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Properties for sale in premavathi pet, Hyderabad

4+ BHK Independen...

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Bhavani Colony, Premavathi Pet

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FAQs

What is the average price of properties in Premavathi Pet?

The average property price range in Premavathi Pet is around ₹4000-7000 per sq ft for residential plots and apartments. 2BHK apartments start from ₹50-60 lakhs while 3BHK units are priced around ₹70-90 lakhs. Independent floors and villas exceed ₹1-2 crores depending on size and amenities.

What are the payment plans offered by builders?

Most reputed builders offer 10-15% down payment with the balance in easy instalments over 2-3 years. Some allow 5% down with low EMIs over 5-7 years and monthly rentals credited to EMIs during construction. Buyers should check legality and possession timelines while choosing plans.

How good is the rental yield in Premavathi Pet?

Rental yields are between 2-3% of the property cost. The average monthly rent for a 2BHK is ₹15,000-25,000 and ₹30,000-50,000 for 3BHKs. This is attractive for investors given location premium and appreciation potential. Tenants are mostly working professionals and students.

What is the process to buy a property?

Visit sales centres, shortlist projects, check specifications and legal approvals, select units, pay booking amount, submit documents, pay stamp duty and registration charges, take possession. Hire a lawyer to vet agreements and maintain full transparency with builders. Loan processing may take 1-2 months depending on banks.

How long will it take to get the registry done?

The registration process takes 4-6 weeks in Hyderabad once all payments are made. Builders usually guide buyers through obtaining occupancy, getting connections set up and registry formalities. Be sure to check for any layout encroachments or other legal issues to avoid future hassles.