Property Rates in New Mallepally, Hyderabad 2026

Property prices in New Mallepally have shown a dynamic trajectory, moving from ₹9,550 per sq ft in September 2025 to ₹10,500 per sq ft in December 2025, and peaking at ₹11,200 per sq ft in March 2026, before settling at ₹11,150 per sq ft in June 2026. This trend highlights a significant period of growth throughout late 2025 and early 2026, followed by a minor correction in the most recent quarter.

Property rates in New Mallepally, currently at ₹11,150 per sq ft, sit between the premium pricing of areas like Somajiguda at ₹18,800 per sq ft (which appreciated by 5.42% compared to previous periods) and more accessible markets like Malakpet at ₹5,250 per sq ft (which saw a marginal appreciation of 0.1%). Other nearby areas include Gun Foundry at ₹16,700 per sq ft (up 6.49%) and Banjara Hills at ₹11,450 per sq ft (up 6.39%), while Attapur remains more affordable at ₹8,150 per sq ft, despite a depreciation of 2.75%.

As of June 2026, villas in New Mallepally command an average price of ₹13,350 per sq ft, which reflects a depreciation of 1.21% compared to previous periods. In contrast, the ready-to-move apartment segment is priced at ₹6,450 per sq ft, showing a robust appreciation of 10.35% over the same timeframe, suggesting strong demand for immediate occupancy options.

Prominent residential projects in New Mallepally include GN Apartments New Mallepally and Madina Tower, both currently listed at ₹6,500 per sq ft, reflecting an appreciation of 11.42% compared to previous periods. Other notable projects include Royal Classic New Mallepally at ₹6,400 per sq ft (up 9.21%) and Prabhatkar Apartments, also at ₹6,400 per sq ft (up 9.40%), indicating a consistent upward trend in listing values across these developments.

Rental rates in the vicinity of New Mallepally are currently uniform at ₹50 per sq ft across several key hubs. Specifically, Lakdi Ka Pul and Ameerpet have maintained stable rental rates with 0% change, while Banjara Hills has seen an appreciation of 5.41%. Conversely, Somajiguda has experienced a significant rental depreciation of 32.35% as of June 2026, which may offer more competitive entry points for tenants in that specific market.

Investors looking at the New Mallepally region should note that while rental rates are currently consistent at ₹50 per sq ft in surrounding areas like Lakdi Ka Pul and Ameerpet, the market performance varies significantly by location. The 5.41% appreciation in Banjara Hills suggests sustained rental demand, whereas the 32.35% depreciation in Somajiguda indicates a softening of the rental market that investors should carefully evaluate against their expected rental yields and capital outlay.