Hyderabad’s real estate market is slipping beyond the grasp of its young and middle-income professionals.
Once considered a city of affordability, key zones like Financial District, Kokapet, Neopolis and Tellapur have seen massive spikes in property rates over the last five years.
In 2019, flats in Gachibowli sold at around Rs 5000 per square foot. Now, they command Rs 14000 to Rs 18000, while luxury launches in Neopolis have touched a staggering Rs 20000 per square foot.
Entry-level software engineers and mid-range salaried employees are finding themselves priced out completely.
Many are forced to settle in decades-old, non-gated community flats in areas like Miyapur, Nizampet, and Kondapur.
Even these aging 2BHK units are being quoted at Rs 1.5 crore to Rs 2 crore — making ownership itself feel like a life achievement.
The surge is driven by high land costs, premium-focused projects, and a shrinking supply of affordable housing near IT corridors.
Rising loan interest rates have only worsened affordability, pushing many to delay homeownership or look far from the workplace.
Despite the challenges, areas like Bachupally, Kompally, and Shadnagar offer a glimmer of hope. With better planning and government support, homeownership for Hyderabad’s working class doesn’t have to remain a distant dream.
