Hyderabad is seeing a sharp rise in house rents, even though the city’s real estate market has slowed down recently. Over the past year, rents have jumped by nearly 30%, especially in upscale neighborhoods and areas near the IT corridor. While this is good news for landlords, it’s putting a heavy burden on tenants.
Buying a home in Hyderabad has become out of reach for many families due to the soaring property prices over the last decade. Now, even renting is becoming difficult. To manage costs, many people are moving to the city’s outskirts where rents are slightly lower. Some are even relocating to tier-2 and tier-3 cities, or returning to their hometowns, in search of affordable housing.
Adding to the challenge, many landlords are giving preference to IT professionals, leaving people from other professions struggling to find homes. This is frustrating for those working in sectors like education or healthcare.
P Ramana Murthy, a physical education teacher at a private school, shared his experience. He said, “We’ve been paying a reasonable rent for our 2BHK home. But this year, the landlord hiked it from ₹14,000 to ₹18,000. We couldn’t afford it, so we’re moving back to Guntur.” He was seen loading his belongings into a truck in Friends Colony near Puppalaguda.
In areas like Puppalaguda, Kukatpally, and Tolichowki, 2BHK apartments now cost between ₹18,000 and ₹20,000 per month. For a 3BHK, the rent can go as high as ₹30,000. In gated communities, the prices are even higher, making them unaffordable for many middle-class families.
This steep rise in rent is forcing some families to rethink their lifestyle. To cut expenses, several nuclear families are now considering living as joint families. Some are choosing to move in with their parents or in-laws to share the financial burden.
Maleka Fatima, a housewife from Janakinagar Colony in Tolichowki, explained, “We’ve lived separately for seven years. Now, my father-in-law, who’s retired, has asked us to move in with him to reduce costs.”
In certain parts of the city, like Paramount Colony, the rent has become extremely high due to medical tourism. These areas are close to top hospitals in Jubilee Hills, such as Apollo Hospital, attracting patients from countries like those in Africa. Property owners in these locations are earning big by renting out furnished flats, with rents ranging from ₹50,000 to ₹1 lakh per month.
As Hyderabad’s housing costs continue to rise, more families are being pushed to the edge, changing the way they live and where they choose to stay.
