1 week ago

In Hyderabad, One Crore Now Buys Fewer Homebuyer Compromises

Homes in Hyderabad have become more expensive.

In well-connected parts of the city, a normal two-bedroom flat can cost close to Rs 1 crore.

Families with Rs 50-75 lakh can still find homes, but they may need to look farther from major job centres.

These homes may also be smaller or have fewer amenities.

The advertised price is not the complete cost because buyers may pay taxes, registration fees, parking charges and interior expenses.

A Rs 75 lakh home can therefore cost more than Rs 80-85 lakh.

Living farther away may also mean spending more time and money travelling to work.

So, an affordable home is not only one with a lower price.

It should also have a manageable loan payment and a reasonable commute.

Key facts

Established-area prices: New 2-BHK apartments increasingly cost about Rs 80 lakh to Rs 1 crore or more.
Emerging-area budget: The Rs 50-75 lakh range can still buy some new 2-BHK homes in peripheral locations.
Typical size: Available 2-BHK homes in the Rs 50-75 lakh segment are generally around 1,000-1,300 sq ft, though sizes vary.
Additional costs: Registration, government charges, parking, maintenance or corpus deposits, amenities and interiors can raise the final bill.
Example final cost: A home advertised at Rs 75 lakh can exceed Rs 80-85 lakh before or alongside further interior expenses.
Costly corridors: Land values have risen sharply in Gachibowli, the Financial District, Kokapet and Nanakramguda.
Affordability factors: Down payment, loan amount, interest rate, loan tenure, existing commitments, maintenance and commuting costs all affect affordability.

thehansindia.com · 1 week ago