Hyderabad December Report-ICICI Properties

GET THE BIG PICTURE
ON HYDERABAD RESIDENTIAL PROPERTY

DECEMBER 2009
Hyderabad - the city of art, history, and tradition.
The land where different cultures flourish together in
perfect harmony making it one of the most enchanting places
in the world. Hyderabad's warm hospitality,
impressive monuments, and technological progress
will take you through an amazing journey of its glorious
past and a spirited voyage into its promising future.
We now present to you the
HYDERABAD
Residential Property Report
a comprehensive review of this magnificent city and
the real estate it has to offer.
HYDERABAD - City Fact File
Hyderabad is the capital city of Andhra Pradesh. The district, having a population of 3.8 million (as per
2001 Census), is spread across 217 sq. km. It is the fifth largest city of India. The city was founded by
Muhammad Quli Qutb Shah, Sultan of the Qutb Shahi dynasty, in 1590. A multitude of influences have
shaped the character of the city, and today it is known as the city of pearls, lakes and, lately, for IT
companies. Its palaces and buildings, houses and tenements, gardens and streets have a history and an
architectural individuality of their own.
History
The history of Hyderabad begins with the establishment of the Qutb Shahi dynasty. Quli Qutb Shah
seized the reins of power from the Bahamani kingdom in 1512 and established the fortress city of
Golconda. Inadequacy of water, and frequent epidemics of plague and cholera persuaded Qutb Shah to
venture outward to establish a new city with the 'Charminar' at its centre and with four great roads fanning
out four cardinal directions. Hyderabad's fame, strategic location and Golconda's legendary wealth
attracted Aurangzeb who later captured Golconda after a long seize, in 1687, post which the city fell into
partial ruins.
However, after Aurangzeb's death in 1707, the Empire rapidly declined. At that time, the Deccan was
administered by a subedar or viceroy of the Mughal Emperor. Mir Quamaruddin, the Governor of the
Deccan, who bore the title of Nizam-ul-Mulk Feroze Jung Asif Jah, declared his independence from
Mughal rule in 1724.
He thus became the first Nizam and the founder of the Asif Jahi dynasty. The seven Nizams of the Asif Jahi
dynasty ruled the Deccan for nearly 224 years, right up to 1948. During the Asif Jahi period, Persian, Urdu,
Telugu and Marathi developed simultaneously. The highest official positions were given to deserving
persons irrespective of their religion.
Persian was the official language up to 1893 and then Urdu up to 1948. When the British and the French
spread their hold over the country, the Nizam soon won their friendship without bequeathing his power.
The title "Faithful Ally of the British Government" was bestowed on Nizam VII. Though the British stationed
a Resident at Hyderabad, but the state continued to be ruled by the Nizam.
The rule of the seven Nizams saw the growth of Hyderabad both culturally and economically. Huge
reservoirs, like the Nizam Sagar, Tungabadra, Osman Sagar, Himayath Sagar and others were built.
Survey work on Nagarjuna Sagar had also begun during this time. Hyderabad, under the Nizams, was the
largest princely state in India. Area wise, it was as big as England and Scotland put together. The State had
its own currency, mint, railways, and postal system. There was no income tax. Soon after India gained
independence, Hyderabad state merged with the Union of India. In 1956, the map of India was redrawn
into linguistic states, and Hyderabad became the capital of Andhra Pradesh.
Civic Administration
Hyderabad, a former princely state of South Central India, is now an administrative, commercial and
transportation hub of Andhra Pradesh. Its two-tier administrative units are comprised of the Municipal
Corporation of Hyderabad (MCH) and the Hyderabad District Administration. The civic administration of
the city is controlled by the MCH.
MCH is responsible for the civic maintenance and infrastructure of the city. It comprises 100 corporators,
one from each of the 100 wards (localities) of the city.
The city is composed of Hyderabad district in Andhra Pradesh, and comes under the jurisprudence of the
District Collector. The metropolitan area encompasses the Ranga Reddy District, which was carved out of
an earlier unified Hyderabad district.
Infrastructure
Hyderabad Metropolitan Development Authority (HMDA) looks after the infrastructure development
of Hyderabad.
Road Connectivity: Hyderabad is well
Hyderabad Airport
connected to other cities by NH-7 and NH-9 and
through state highways. The internal ring road
along with the elevated expressway enhances the
internal connectivity of the city. An outer ring road
(ORR) is proposed stretching a length of nearly
160 kilometers, which should ease out the
congestion.
Air connectivity: Hyderabad is well connected

by air with other metro cities like Mumbai, Delhi,
Chennai and Bangalore. Internationally it is
connected with Sharjah, Singapore and New York
through Rajiv Gandhi International Airport.
Rail connectivity: Multi-Modal Transport System (MMTS) is Hyderabad's city train service. It was
flagged off on August 9, 2003. An associate of the South Central Railway (SCR), it is presently running 84
services a day, covering 27 stations and connecting Secunderabad, Falaknuma and Lingampally, over
the existing railway network. Around 65,000 to 70,000 commuters use MMTS everyday. The second
phase covers Medchal and Bibinagar. Apart from this, the Hyderabad Metro rail will connect Miyapur and
Chaitanyapuri in one direction and Tarnaka to Silparamam on another direction which will make the
travel time less and also reduce pollution. One railway line is proposed along the ORR as well.
With these developments expected to be completed by 2011, infrastructure in Hyderabad will improve
considerably.
SEZ Update
There are about 35 notified SEZs (Specialised Economic Zones) in Hyderabad as on November 11, 2009.
Majority of the SEZs belong to IT/ITES (88%) as is reflected in the chart below.
SEZ classification as per Usage
3%
3% 3%
3%
88%
IT/ITES Electronics Hardware Gems & Jewellery Mfg & Developing Services Sector
Source: Ministry of Commerce & Industry, Dept. of Commerce
A detailed list of SEZs in Hyderabad is tabulated below

Sr. Area in
Name Location Type Status
No. Hectares
Andhra Pradesh Industrial Ranga
1 Electronics Hardware 111 Completed
Infrastructure Corporation Reddy District
Ranga
2 Brahmani Infratech Pvt. Ltd. IT/ITES 60.7 Proposed
Reddy District
Ranga
3 CMC Ltd. IT/ITES 20.59 Operational
Reddy District
Cognizant Technology Ranga

4 IT/ITES 16.19 Operational
Solutions Reddy District
DivyaSree NSL Ranga

5 IT/ITES 10.52 Under Construction
Infrastructure Pvt. Ltd. Reddy District
DLF Commercial Ranga
Developers Ltd. Reddy District
Sr. Area in
No. Hectares
Emaar Hills Township Ranga
Pvt. Ltd. Reddy District
Ranga Manufacturing & developing

8 FAB City SPV (I) Ltd. of semi-conductor facility with 120.06 Stagnant
Reddy District Free Trade & Warehousing Zone
Genpact India Business Ranga
Processing Private Limited Reddy District
Ranga
10 Hyderabad Gems SEZ Ltd. Gems & Jewellery 80.93 Operational
Reddy District
Ranga
11 Indu Techzone Pvt. Ltd. Reddy District IT/ITES 60.7 Under Construction
Ranga
12 Infosys Technology Ltd. IT 60.94 Operational
Reddy District
IT&C Dept.- Hyderabad Urban Ranga

Development Authority Reddy District
Ranga
14 J. T. Holdings Pvt. Ltd. Reddy District IT/ITES 28.33 Under Construction
L&T Phoenix Info Parks Ranga

15 IT/ITES 10 Completed
Ranga
16 Lahari Infrastructure Ltd. Services Sector 108.49 Stagnant
Reddy District
Lanco Hills Technology Ranga

17 Reddy District IT/ITES 11.77 Under Construction
Park Pvt. Ltd.
M/s Andhra Pradesh Industrial Ranga

Infrastructure Corporation Ltd. Reddy District
Ranga
19 Mahaveer Skyscrapers Ltd. IT/ITES 22.78 Stagnant
Reddy District
Maytas Enterprises SEZ Ranga

Maytas Hill County SEZ Ranga

21 IT/ITES 29.87 Stagnant
Sr. Area in
No. Hectares
Ranga
22 Maytas Ventures SEZ Pvt. Ltd. IT/ITES 14.15 Stagnant
Reddy District
Navayuga Legala Estates Ranga

Ranga
24 Rudradev Infopark Pvt. Ltd. IT/ITES 12.25 Under Construction
Reddy District
Ranga IT/ITES,
25 S2Tech.com India Pvt. Ltd. 10.0964 N.A.
Reddy District Electrical Hardware
Ranga
26 Sanghi SEZ Pvt. Ltd. IT/ITES 202.4 Operational
Reddy District
Satyam Computers Ranga

Services Ltd. Reddy District
Satyam Computers
28 Madhapur IT/ITES 12 Operational
Services Ltd.
Ranga
29 Serene Properties Pvt. Ltd. IT/ITES 26.895 Under Construction
Reddy District
Ranga IT/ITES/
30 Stargaze Properties Pvt. Ltd. 68.96 Under Construction
Reddy District Electronic Hardware
Madhapur, Ranga
31 Sundew Properties Pvt. Ltd. IT/ITES 16.29 Operational
Reddy District
Ranga
32 Tata Consultancy Services Ltd. IT/ITES 30.35175 Operational
Reddy District
IDA Uppal Industrial

33 Topnotch Infrastructure Ltd. IT/ITES 14.5 Stagnant
Development Area
Ranga
34 WIPRO Ltd. IT 6.48 Operational
Reddy District
Ranga
35 WIPRO Ltd. IT/ITES 40.88 Operational
Reddy District
Source: Ministry of Commerce & Industry, Dept. of Commerce
HYDERABAD CITY
Medchal
Shamirpet
Kompally
Alwal
Miyapur
Kukatpally Kapra
Madhapur
Tellapur
Kondapur Begumpet
Gachibowli Malkajgiri
Jubilee Punjagutta
Hills Somajiguda Tarnaka
Banjara Lakdi-kapool
Uppal
Hills Narayanguda
Mehdipatnam Amberpet
Attapur
Himayath Rajendra
Sagar Nagar
Hyderabad
International
Airport
EAST WEST NORTH SOUTH CENTER Note: Map not to scale and is for illustration purposes only.
Organised Retail Development
Currently Hyderabad has an operational mall space of around 2.2 million sq. ft. with majority of the malls in
Central region of the city. Another 14.6 million sq. ft. of mall space is in planning or under construction stage.
Hyderabad Mall Space Distribution

9
Mall Space in Million sq. ft.
8
7
6
5
4
3
2
1
0
West Central East North
Hyderabad Hyderabad Hyderabad Hyderabad
Operational Proposed/Under Construction
Source: ICICI Property Services

Detailed list of malls in Hyderabad is tabulated below -
Total Area
Sr. in sq. ft.
Mall Name Site Location Zone Status
No.
(Approx.)
1 Ashoka Metropolitan Mall Banjara Hills Central 140000 Operational
2 Babu Khan Mall Somajiguda Central 75000 Operational
3 City Centre Banjara Hills Central 300000 Operational
4 Hyderabad Central Panjagutta Central 350000 Operational
5 Lumbini Mall Banjara Hills Central 80000 Operational
6 M.P.M. Mall G.P.O. Central 200000 Operational
7 Prasad Imax Tank Bund Central 300000 Operational
8 Rainbow Mall Karkhana North 75000 Operational
9 RK Cinemax Banjara Hills Central 120000 Operational
10 Sanali Mall Abids Central 100000 Operational
11 Sawpnalok Patny North 200000 Operational
12 SMR Mall Balanagar North 100000 Operational
13 Super Centre Ameerpet West 250000 Operational
14 Abacus Uppal East 200000 Proposed
15 Juluri Mall Karkhana North 150000 Proposed
16 Manjeera Trinity Mall Kukatpally West 425000 Proposed
17 S-Cube Mall Dilsukhnagar East 210000 Proposed
18 TBN(Landmark Builders) L.B.Nagar East 250000 Proposed
19 TBN(Radha Realty) ECIL East 250000 Proposed
20 TBN(Salarpuria) Madhapur West 600000 Proposed
21 TBN(Shrimukh Constructions) Sanath Nagar West 140000 Proposed
22 TBN(Soma Group) Kavadiguda Central 750000 Proposed
23 Velocity Mall Moosapet West 280000 Proposed
24 (DLF) Basheerbagh Central 500000 Under-Construction
Total Area
Sr. in sq. ft.
Mall Name Site Location Zone Status
No.
(Approx.)
25 Arena Mall Uppal East 600000 Under-Construction
26 Bonzai Himayat Nagar Central 150000 Under-Construction
27 club 4 Mall Vikrampuri North 100000 Under-Construction
28 Down Town Lakdikapul Central 150000 Under-Construction
29 Esplanate Kukatpally West 600000 Under-Construction
30 Forum Kukatpally West 350000 Under-Construction
31 GateWay Mall Gachibowli West 550000 Under-Construction
32 Gold Mall Kukatpally West 300000 Under-Construction
33 GVK 1 Banjara Hills Central 630000 Under-Construction
34 Inorbit Madhapur West 670000 Under-Construction
35 Inorbit Pocharam East 600000 Under-Construction
36 Lumbini Mall Jubilee Hills Central 150000 Under-Construction
37 Madhucon Mall Kukatpally West 500000 Under-Construction
38 Mall of Hyderabad Gachibowli West 2500000 Under-Construction
39 Permeshwari Maheshwari Kachiguda Central 150000 Under-Construction
40 Princeton Tower Saroornagar East 150000 Under-Construction
41 Surana Uppal Mall Uppal East 300000 Under-Construction
42 Surya Mall Abids Central 45000 Under-Construction
43 TBN(MAK Project) Miyapur West 300000 Under-Construction
44 TBN(Maruthi Construction) Karkhana North 100000 Under-Construction
45 TBN(Parsvnath) Kukatpally West 350000 Under-Construction
46 TBN(Pioneer) Uppal East 600000 Under-Construction
47 TBN(Salarpuria) Chikadpally Central 800000 Under-Construction
48 Times Square Nagarjuna Circle Central 200000 Under-Construction
Supply of Residential Units coming up by 2012
Hyderabad would witness a supply of approximately 53.58 million sq. ft. of residential space by March
2012 with two-thirds of the supply concentrated in the Western region. Overall 3 BHK configurations
seem to be more popular amongst the developers in Hyderabad.
Total Area
Average Size of No. of
Zone Apartment Type (million
Flat (in sq. ft.) Units
sq. ft.)
2 BHK 1166 73 0.09
North 3 BHK 1561 540 0.84
4 BHK / Duplex / Villa 2245 1011 2.27
Sub-Total 1624 3.20
2 BHK 1310 420 0.55
South 3 BHK 1467 1045 1.53
4 BHK / Duplex / Villa 1786 398 0.71
Sub-Total 1863 2.79
1 BHK 497 218 0.11
2 BHK 1218 2960 3.61
East
3 BHK 1628 3283 5.34
4 BHK / Duplex / Villa 2106 907 1.91
Sub-Total 7368 10.97
1 BHK 477 269 0.13
2 BHK 1141 7033 8.02
West
3 BHK 1704 13244 22.57
4 BHK /Duplex / Villa 4947 993 4.91
Sub-Total 21539 35.63
2 BHK 1061 90 0.10
Central
3 BHK 2062 305 0.63
4 BHK / Duplex / Villa 3638 72 0.26
Sub-Total 467 0.99
Total Supply expected by 2012 32861 53.58
Distribution of residential supply in the pipeline across Hyderabad
Distribution of Residential Supply - No. of Units
Central
1% East
22%
North
West 5%
66%
South
6%
Central East North South West
NORTH HYDERABAD
Major Locations
Alwal, Kapra, Kompally, Medchal, Secunderabad, Shamirpet
• Kompally is one of the fastest growing suburbs of Hyderabad
• The region is primarily a commercial area
Growth Stimulators
• Hyderabad airport, with both domestic and international terminals, connects the city with other cities
in the sub continent and beyond Indian frontiers.
• Some of the best hotels and restaurants of the city are located here i.e. Leonia, Celebrity etc.
• Major academic and professional institutes are present here i.e. VMR Institute of Technology & Management
Sciences, CMR College of Engineering & Technology, Siva Sivani Institute of Management, etc.
• Splendid Aparna Projects P. Ltd., Vishal Projects Ltd., Sree Vensai Projects Ltd. are some of the prominent
developers in this region.
Residential Market in North Hyderabad
Average Apartment Size of 2 BHK in sq. ft. 1166
Total Supply (in mn. sq. ft.) by 2012 3.20
Total Supply (in no. of units) by 2012 1624
Note: The areas mentioned are built-up areas
Distribution of Apartment in North Hyderabad

Distribution of Apartment Type: North Hyderabad
2 BHK
4%
3 BHK
4 BHK / 33%
Duplex /
Villa
63%
9
Some of the Residential Projects in North Hyderabad

Capital Values
Name of the Project Developer No. of Units Date of Completion
(Rs. per sq. ft.)
Palm Meadows Splendid Aparna Projects Pvt. Ltd. 5200 330 Ready
Palm Springs II Modi Builders 2540 55 July 2010
Park View Lahari Constructions 2700 25 Dec 2009
Prakruthi Nivas Vishal Projects Limited 3000 612 Aug 2010
Royal Greens KNR Homes P. Ltd. 1600 48 Mar 2010
Shreya Towers Sree Vensai Projects Ltd. 3000 77 Sep 2010
Stepping Meadows Landmark Builders 3500 58 Ready
*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & may vary from apartment to apartment within the same
building. Rates are subject to change at any given point of time.
Residential Property Rates in prime residential markets of North Hyderabad
Capital Values Average Rentals for 2 BHK
Location Market Outlook
(Rs./sq. ft.) (Rs./month)
Alwal 2000 5000-6000 S

Kapra 1800 5000 S
Kompally 2200 5000 SS
*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & may vary from apartment to apartment within the same building.
Rates are subject to change at any given point of time.
Outlook Key • R – Rising • F – Falling • S – Stagnant • SW - Stagnant but likely to weaken • SS - Stagnant but likely to strengthen
Property Price Movement - North Hyderabad (March 2005 – September 2009):
Property Price Movement Index: North Hyderabad
350
300
250
200
150
100
Mar Mar Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep
05 06 07 07 07 07 08 09 09 09 09 09 09
Alwal Kapra Kompally Bachupally
Source: ICICI HFC Mortgage Valuation Services (Assuming 100 as a base reference no. for March-2005)
Comparison of actual (A) and real & logical (R&L) price movement
The real & logical (R&L) price is considered to move in line with the consumer price index. Below table
brings out a comparison between quarterly property price movements and changes in consumer price
index for North Hyderabad. Since zone wise inflation data is not available, we have substituted the
Hyderabad inflation figures for each zone.
North Hyderabad
250
200
150
100
50
0
Mar Mar Mar Jun Sept Dec Mar Jun Sept Dec Mar Jun Sep
2005 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009
North (A) North (R&L)

The gap between the actual property prices and the real & logical prices has narrowed in recent quarters
mainly due to correction in property prices.
SOUTH HYDERABAD
Major Locations
Attapur, Himayath Sagar, Mehdipatnam, Rajendra Nagar.

lThe southern areas of Hyderabad represent regions of the Old City of Hyderabad.
lSome popular attractions in this region include Nehru Zoological Park, Charminar, Mecca Masjid,
Falaknuma Palace, Asmangadh Fort and Birla Archaeological Museum.
Growth Stimulators
lGood connectivity by road and rail.

lNampally Railway Station is the nearest to Mehdipatnam and about 3 kms away.
lReliance is acquiring 25,000 acres of land around the Vijayawada highway at Ibrahimpatnam to
set up its LPG gas plant. An eight-lane direct road will link the Reliance plant area to
Shamshabad's outer ring road.
lIt is estimated that commercial development of approximately 1 lakh sq. ft. is coming up in this
part of Hyderabad.
lSome of the known developers in this region include Gayathri Constructions, Janapriya
Engineers Syndicate, Manjeera Constructions and Radha Realty.
Residential Market in South Hyderabad

Distribution of Apartment in South Hyderabad
Distribution of Apartment Type: South Hyderabad
4 BHK / Duplex / Villa 2 BHK

21% 23%
3 BHK
56%
Some of the Residential Projects in South Hyderabad

Capital Values
Name of the Project Developer No. of Units Date of Completion
(in Rs. per sq. ft.)
Chandrodaya Residency Chandrodaya Constructions 2800 25 Mar 2010
Fort View Lahari Constructions 2800 30 July 2010
Gayathri Prestige Gayathri Constructions 2800 16 Feb 2010
Manjeera Heights-II Manjeera Constructions Ltd. 2800 152 Ready
Maple Town Homes Radha Realty Corp P. Ltd. 4000 302 Dec 2011
Pleasant Towers Zcube Constructions India P. Ltd. 2000 16 Sep 2010
SV Arcade SV Constructions 2500 50 Feb 2010
Vedant Unique Residency Raji Vedant Constructions P. Ltd. 1990 620 Dec 2011
Residential Property Rates in prime residential markets of South Hyderabad
Location Capital Values Average Rentals for Market Outlook
(Rs./sq. ft.) 2 BHK (Rs./month)
Attapur 2000 7000-10000 S
Himayath Sagar 3300 15000-20000 SS
Mehdipatnam 2600 8000-12000 S
Rajendra Nagar 2000 6000-9000 S

*Rates mentioned are based on Built-up area & are subject to amenities, upkeep & may vary from apartment to apartment within
the same building. Rates are subject to change at any given point of time.
Property Price Movement (March 2005 – September 2009): South Hyderabad
Property Price Movement Index: South Hyderabad
350
300
250
200
150
100
05 06 07 07 07 07 08 09 09 09 09 09 09
Mehdipatnam Himayath Sagar Attapur Rajendra Nagar
index for South Hyderabad. Since zone wise inflation data is not available we have substituted the
South Hyderabad
250
200
150
100
50
0
2005 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009
South (A) South (R&L)
Over the years, it can be observed that the actual property prices in South Hyderabad have been
increasing more than proportionately as compared with the real & logical prices.
EAST HYDERABAD
Major Locations:
Amberpet, Malkajgiri, Tarnaka, Tirumalghery, Uppal
lEast Hyderabad has presence of many professional and academic institutes.
lTarnaka forms a great residing place for students and professionals who seek admissions in
various academic and professional courses here. Some well-known schools and colleges like
Osmania University, St. Anns School, Little Flower School & College, Hyderabad Public School,
Delhi Public School etc are present here.
lApart from academics, there are great avenues due to the presence of restaurants and eateries in
the region.
Growth Stimulators
lTarnaka is bounded by some major road links like Mallapur Main Road, Krishnadevaraya Road
and Lalapet Road.
lThis place provides for the best of the technical and vocational institutes for the trainees who are
through their courses in hundreds of ITI s (Industrial Training Institutes) spread across the nation.
lOver 3 million square feet of retail mall space is coming up in this part of Hyderabad.
lThe ESI Nacharam and Maithri are two primary health care centers located in the Tarnaka region.
lIt is estimated that commercial development of approximately 1.2 million sq. ft. is coming up in
this part of Hyderabad, which would result in over 10,000 jobs.
lK. Raheja Corp. has recently announced Raheja Vistas, a residential project of around 900 units
with 2 BHK & 3 BHK options, located at Nacharam.
lIndu Group is developing 'Indu Aranya', a residential project, located close to the National Deer
Park, consisting of 880 apartments spread across 50 acres of land parcel.
lBesides Indu Group, Modi Properties & Investments and SMR Builders are some of the key
developers in this region.
Residential Market in East Hyderabad

Distribution of Apartment in East Hyderabad
Distribution of Apartment Type: East Hyderabad
4 BHK / 1 BHK
Duplex / Villa 3%
12%
3 BHK 2 BHK
45% 40%
Some of the Residential Projects in East Hyderabad

Capital Values Date of
Name of the Project Developer No. of Units
(in Rs. per sq. ft.) Completion
Greenwood Residency Modi Properties & 1950 345 May 2010

Investments P. Ltd.
Gul Mohar Gardens Modi Properties & 1699 350 Ready
Investments P. Ltd.
Indu Aranya Apartment Indu Group 2350 880 July 2010
Nilgiri Homes Modi Properties & 37 Lacs 95 May 2010
Investments P. Ltd. onwards
Paramount Residency Modi Properties & 1900 260 Aug 2010
Investments P. Ltd.
Royal Habitat G K Developers 1850 120 Dec 2009
Saketh Pranaam Saketh Engineers Pvt. Ltd. 2550 400 Sept 2010
Saketh Sriyam Saketh Engineers Pvt. Ltd. 2550 400 Sept 2010
SMR Skycity SMR Builders 3240 117 May 2010
Sri Nivas Heights SHL Ventures 2500 414 April 2010

Rate are subject to change at any given point of time.
Residential Property Rates in prime residential markets of East Hyderabad
Capital Values Average Rentals for
Tarnaka 2600 7000-10000 SS

Habsiguda 2700 7000-10000 SS
Uppal 2000 7000-10000 S
Rate are subject to change at any given point of time.
Property Price Movement (March 2005 – September 2009): East Hyderabad
Property Price Movement Index: East Hyderabad

350
300
250
200
150
100
05 06 07 07 07 07 08 09 09 09 09 09 09
Tarnaka Tirumalghery Malkajgiri Amberpet Uppal
index for East Hyderabad. Since zone wise inflation data is not available we have substituted the
East Hyderabad
250
200
150
100
50
0
2005 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009
East (A) East (R&L)

The actual property prices in East Hyderabad have consistently exceeded the real & logical prices over a
period of years, however for the last few quarters there has been a steady reduction in the disparity.
WEST HYDERABAD
Major Locations
Bachupally, Gachibowli, Kondapur, Kukatpally, Madhapur, Miyapur, Nallagandla-Tellapur
lWest Hyderabad consists of places that are marked by industrial estates and technological parks.
lThe regions, apart from industrial estates and technological parks, also house many residential
localities.
lSome of the fine hotels like Novotel, Ista, Ella Suites etc are located in this region.
Growth Stimulators
lSome of the best IT parks of India are situated here.
lGachibowli is a major IT suburb of Hyderabad and serves as a headquarter for IT giants like
Microsoft, Infosys and Wipro. This area is gaining prominence and has been tipped to become the
most exciting business address in the coming years.
lThis region is also developed into a financial hub due to presence of major corporates such as ICICI
Bank, Bank of America, UBS, Franklin Templeton, Capgemini and others.
lKukatpally is a major residential and commercial suburb in Hyderabad and also has the highest
population density in the state.
lApart from being a major shopping hub, Kukatpally also houses several educational institutes,
prominent amongst them being the Jawaharlal Nehru Technological University (JNTU).
lThe Lodha Group have launched their high end project 'Lodha Belezza' at Kukatpally, the highlight of
the project being the provision of helipads at the top of each tower.
l1.4 million sq. ft. of retail space is proposed in West Hyderabad and around 6 million sq. ft. of mall
space is under construction.
lIt is estimated that commercial development of approximately 8.8 million sq. ft. is coming up in this
part of Hyderabad, which would result in over 80,000 jobs.
lSome of the key developers in this region include Aparna Infrahousing, DLF Homes, EMAAR
MGF, Vertex Homes, My Home Constructions, Mantri Developers, K. Raheja Corp., Jayabheri
Constructions, Aditya HIDCO, S&S Constructions.
Residential Market in West Hyderabad
Distribution of Apartment in West Hyderabad
Distribution of Apartment Type: West Hyderabad

4 BHK /
Duplex /
1 BHK
Villa
1%
5%
2 BHK
33%
3 BHK
61%

Some of the Residential Projects in West Hyderabad
Capital Values No. of Date

Name of the Project Developer
(in Rs. per sq. ft.) Units of Completion
Adithya Constructions
Adithya Eden Woods 5500 59 Aug 2011
Company
Aparna Infrahousing
Aparna Sarovar 2700 1120 Mar 2010
P. Ltd.
Aparna Cyber Aparna Constructions &
3200 760 Dec 2010
Commune Estates P. Ltd.
CRK Infrastructure
CRK Grand Kailash 3300 744 Dec 2010
Developers P. Ltd.
Emerald Heights Modi Builders 1900 829 Sep 2010
Excelsior at Boulder Hills EMAAR MGF 7960 685 Jul 2011
Hema Durga Towers B R Constructions 2950 350 Aug 2010
Mantra Celestia Mantri Developers 3300 1100 Dec 2012
Nagarjuna Residency NCC Urban Infrastructure

4250 460 Dec 2009
Limited
Quiescent Heights K. Raheja Corp. 4250 72 Nov 2011
Ramky Estates & Farms
Ramky Towers 3200 360 Dec 2009
Limited
Silver Springs Modi Builders 1950 630 Mar 2010
Milestone Projects &
Solitaire 3500 72 Jun 2010
Avenues P. Ltd.
Residential Property Rates in prime residential markets of West Hyderabad
Bachupally 1700 5000-7000 S
Chandanagar 2300 6000-8000 S
Gachibowli 3000-4800 12000-15000 SS
Kondapur 2800 10000-15000 SS
Kukatpally 2900-3200 6000-8000 SS
Madhapur 3400 15000-20000 SS
Manikonda 2200 8000-10000 S
Miyapur 2400 10000-15000 SS
Nallagandla 2400 8000-10000 S
Nizampet 1800 3500-6000 S
Tellapur 2200 10000-15000 F
Outlook Key • R – Rising • F – Falling • S – Stagnant • SW – Stagnant but likely to weaken • SS – Stagnant but likely to strengthen
Property Price Movement (March 2005 – September 2009): West Hyderabad

Property Price Movement Index: West Hyderabad
350
300
250
200
150
100
05 06 07 07 07 07 08 09 09 09 09 09 09
Kondapur Kukatpally Miyapur
Madhapur Nallagandla-Tellapur Gachibowli
index for West Hyderabad. Since zone wise inflation data is not available, we have substituted the
West Hyderabad
250
200
150
100
50
0
2005 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009
West (A) West (R&L)
Up to March 2008, the actual property prices had been increasing at a pace which has been significantly
higher as compared to the real & logical prices. However since then there has been a steady alignment in
both the price points, mainly due to the corrections witnessed in the property prices.
CENTRAL HYDERABAD
Major Locations:
Banjara Hills, Begumpet, Jubilee Hills, Lakdi-ka-pool, Narayanguda, Punjagutta, Somajiguda.
Central
l Hyderabad houses places of tourist attraction like Archaeological Museum, Public Garden
and the Goshamahal Stadium.
Growth Stimulators
Jubilee Hills is home to the Telugu Film Industry and some of its major film
l studios. The area is also
the political heart of Hyderabad as many political parties have their headquarters here.
Banjara
l Hills, which in earlier times used to be a forest area serving as a hunting ground for the
Nizams; now has transformed into a prime urban commercial centre. It is well known for its star
hotels, swanky restaurants & malls.
The bus
l service is the most convenient means of accessing this region. The central bus station is
located in the nearby region of Afzal Ganj.
Excellent healthcare facilities like Medinova Hospital are present in the Bashir Bagh locality in Central
l
Hyderabad.
Many organised retail establishments like Hyderabad Central, Lifestyle etc. are located in this region.
l
Due to paucity of space, there is not much residential supply in the Central region.
l
Residential Market in Central Hyderabad

Total Supply (in mn. sq.ft.) by 2012 0.99
Distribution of Apartment in Central Hyderabad
Distribution of Apartment Type: Central Hyderabad
2 BHK
23%
3 BHK
77%
Some of the Residential Projects in Central Hyderabad

Capital Values Total
Name of the Project Developer Date of Completion
(in Rs. per sq. ft.) No. of Units
Lake Nestor Lakshmi Constructions 2800 30 Sept 2010
Lakeview Mirra Sri Sai Nilaya

3600 78 Mar 2010
Residency Constructions
Sree Sreenivasa Sree Sree Sreenivasa 20 Mar 2010

3600
Constructions Constructions
Vishnu's Splendor Vishnu Housing Pvt. Ltd. 5000 70 Oct 2010

Residential Property Rates in prime residential markets of Central Hyderabad

Banjara Hills 5500 18000-20000 S
Jubilee Hills 5000 18000-20000 S
Sainikpuri 2200 5000-8000 SS
Yapral 1700 3000-5000 S
Outlook Key • R – Rising • F – Falling • S – Stagnant • SW – Stagnant but likely to weaken • SS – Stagnant but likely to strengthen
Property Price Movement (March 2005 – September 2009): Central Hyderabad
Property Price Movement Index: Central Hyderabad

350
300
250
200
150
100
05 06 07 07 07 07 08 09 09 09 09 09 09
Punjagutta Somajiguda Begumpet Lakdi-ka-pool

Narayanguda Banjara Hills Jubilee Hills
index for Central Hyderabad. Since zone wise inflation data is not available we have substituted the
Central Hyderabad
250
200
150
100
50
0
2005 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009
Central (A) Central (R&L)
It can be observed from the above chart that since June 2008, the gap between the property price
index and the consumer price index has been consistently reducing owing to the corrections in the
property prices.
Hyderabad Residential Absorption Index
Hyderabad Residential Real Estate: Absorption Index
180
160
140
120
100
80
60
40
20
0
Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep-
08 08 08 08 08 08 08 08 08 09 09 09 09 09 09 09 09 09
Source: ICICI HFC Mortgage Valuation Group
The residential transactions in Hyderabad after peaking in July '08 have been on a declining trend. By
April '09 the transactions have come down to 45% of what they were in the same month last year, which
indicates the impact of the overall slackness in the economy on the residential real estate space in
Hyderabad. However, the market seems to have steadied over the last couple of months.
Location Attractiveness Index
We have short-listed below eight prime locations within Hyderabad and critically examined them on
various parameters like infrastructure, residential costs in the region, future employment prospects, etc.
as detailed in the matrix below. Madhapur to Kondapur stretch seems to be scoring very well on all
parameters except residential cost. Miyapur to Chandanagar stretch also seems to be scoring
significantly well over other locations due to reasonable residential costs in addition to good
infrastructure, proximity to commercial and retail establishments and future infrastructure development.
Madhapur- Kompally- Uppal - Banjara Hills - Mehdipatnam- Miyapur- Gachibowli - Sainikpuri -

Kondapur Medchal Dilsukhnagar Jubilee Hills Attapur Chandanagar Kokapet Yapral
Infrastructure (connectivity,
roads, proximity to markets)
Residential Cost
Proximity to/ Presence of
organised retail
Proximity to Commercial
Development
Future Infrastructure
Development
Future Employment
Generation
About Research & Consultancy
ICICI Property Services is a division of ICICI Home Finance Company Limited, a 100% subsidiary of ICICI
Bank. ICICI PSG provides real estate solutions to home seekers, corporate investors, space occupiers
and developers /landlords. ICICI Property Services addresses the entire bandwidth of a real estate deal
from concept to conclusion. Research & Consultancy (R&C), a specialised group within ICICI PSG, offers
both real estate advisory and consumer demographic analysis backed by both primary and secondary
research. The following chart explains in brief the various services offered by R&C.
Feasibility Studies Asset Advisory Strategic Advisory Market Research
• Location Analysis • Optimum Land Use • Entry Strategy •Supply Estimation

• Market Analysis Analysis • Pricing Strategy •Demand Projections
• Size, Pricing, Phasing • Site Analysis & • City and Region •Expected Absorption
and Positioning SWOT Prioritisation and Trends
(Space Programming • Catchment Analysis Expansion Strategy •Demographic
& Demarcation for
• Trade & Tenant Mix Analysis
Optimum Utilisation
of space) • Land Valuation •Consumer Trends
• Financial Analysis •Consumer Behaviour
Analysis

Hyderabad December Report-ICICI Properties

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GET THE BIG PICTURE

ON HYDERABAD RESIDENTIAL PROPERTY

Air connectivity: Hyderabad is well connected

Source: Ministry of Commerce & Industry, Dept. of Commerce

A detailed list of SEZs in Hyderabad is tabulated below

Cognizant Technology Ranga

DivyaSree NSL Ranga

Ranga Manufacturing & developing

IT&C Dept.- Hyderabad Urban Ranga

L&T Phoenix Info Parks Ranga

Lanco Hills Technology Ranga

M/s Andhra Pradesh Industrial Ranga

Maytas Enterprises SEZ Ranga

Maytas Hill County SEZ Ranga

Navayuga Legala Estates Ranga

Satyam Computers Ranga

IDA Uppal Industrial

Hyderabad Mall Space Distribution

Operational Proposed/Under Construction

Source: ICICI Property Services

Central East North South West

Source: ICICI Property Services

Distribution of Apartment in North Hyderabad

Source: ICICI Property Services

Some of the Residential Projects in North Hyderabad

Alwal 2000 5000-6000 S

Property Price Movement - North Hyderabad (March 2005 – September 2009):

Property Price Movement Index: North Hyderabad

Alwal Kapra Kompally Bachupally

North (A) North (R&L)

Attapur, Himayath Sagar, Mehdipatnam, Rajendra Nagar.

lGood connectivity by road and rail.

Residential Market in South Hyderabad

Distribution of Apartment Type: South Hyderabad

4 BHK / Duplex / Villa 2 BHK

Source: ICICI Property Services

Some of the Residential Projects in South Hyderabad

Source: ICICI Property Services

Property Price Movement (March 2005 – September 2009): South Hyderabad

Property Price Movement Index: South Hyderabad

South (A) South (R&L)

Source: ICICI Property Services

Residential Market in East Hyderabad

Source: ICICI Property Services

Some of the Residential Projects in East Hyderabad

Greenwood Residency Modi Properties & 1950 345 May 2010

Source: ICICI Property Services

Tarnaka 2600 7000-10000 SS

Property Price Movement (March 2005 – September 2009): East Hyderabad

Property Price Movement Index: East Hyderabad

Tarnaka Tirumalghery Malkajgiri Amberpet Uppal

East (A) East (R&L)

Distribution of Apartment in West Hyderabad

Distribution of Apartment Type: West Hyderabad

Source: ICICI Property Services

Capital Values No. of Date

Excelsior at Boulder Hills EMAAR MGF 7960 685 Jul 2011

Hema Durga Towers B R Constructions 2950 350 Aug 2010

Mantra Celestia Mantri Developers 3300 1100 Dec 2012

Nagarjuna Residency NCC Urban Infrastructure

Property Price Movement (March 2005 – September 2009): West Hyderabad

West (A) West (R&L)

Source: ICICI Property Services