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Opinion and Only Opinion

Thursday, May 22, 2014

Hyderabad rental market - New breed of renters - Intracity movers

With most of the job creation happening in Cyberabad, the commute time from Hyderabad and Secunderabad has been on the increase because of the peak hour traffic and Metro train construction work. The offices were in Banjara Hills and Begumpet belt then moved to Jubilee Hills and Madhapur and are now to Gachibowli. 

In the past 15 years, the office commute distance has increased from an average of 8-10 km to 25-35 km now.  So, a lot of housing on the Cyberabad side is seeing people, with own property in Secunderabad and Hyderabad, moving in as renters. Many have lived in the original twin cities for generations, but are now planning property purchases or renting out in Cyberabad area.

With the Metro not staring anytime soon and not exactly taking them to their office door step, many people are choosing to move to West Hyderabad - Chandanagar, Kondapur, Gachibowli, KPHB, Miyapur.

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