Hyderabad House rent price update 2007. 2BHK 3BHK Flat house. Brokerage Charge

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[webhyd]

Recently I was looking for a house so I can move to a better house but I personally feel the new price has been increased a lot. Now it’s really tough to find a 2BHK house below 10k in the centre of the city. All of this is due to the hike of housing loan interest rate. House owners are crazy and they just wait for the price they demand. I know a 2BHK 850 SFT flat owner demanding 11K in Banjara hills but he has been waiting for the price for last two months.

Lots of new people have been coming to Hyderabad who doesn’t have any idea about the rental rate can pay any price for a house as they need a house in first two weeks time while he/she doesn’t have any idea about the city. House owners and brokers look for those new comers who can pay any amount.

I will start another topic on handling broker and brokerage fees. For your information in Hyderabad the standard brokerage charge is 15 days rent. As the house rent has increased a lot so the brokers are already earning much more than before. Even after that you will find few brokers who will ask for 30 days rent. Some say Microsoft people pay 30 days rent. Yes to some extent IT people have been helping these brokers and house owners to earn more money. I hope you take care of your own money.

House Advance? The standard option is 2 + 1. I mean you need to pay 2 months rent and advance and one month rent at the beginning of the month. People may ask for more but that happens in Bangalore not in Hyderabad.

[webhyd]

I forgot to write the rental rates in few places. People can ask you 30k where the actual rent is 15K. So you need to know the actual price in that area.

2BHK - 1200 SFT flat
Srinigara Colony - 10k + 1k (maintenance)
Kamalapuri Colony - 9 to 10k + maintenance
Banjara Hills / Jubilee Hill - 10 to 11k + 1k Maintenance
Yousufguda - 9 to 10k + maintenance

In the centre of the city the price varies from 9 to 12k. Though there are few crazy owners who will charge you much more than but that's not the actual price. These kinds of house owners have been trying their best to increase the rental value in Hyderabad.

Though Govt has some rent control system but most of the people don't know that and Govt doesn't have any control over this.

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