Property Rates in New Mallepally, Hyderabad 2026

The property price trend in New Mallepally has shown a mixed trajectory over the last four quarters. After starting at ₹10,500 per sq ft in Dec 2025, prices rose to ₹11,200 per sq ft by Mar 2026, followed by a correction to ₹10,850 per sq ft in Jun 2026 and a further adjustment to ₹10,550 per sq ft as of Sep 2026. This recent movement suggests a period of market stabilization following the earlier price appreciation.

Property rates in New Mallepally, currently at ₹10,550 per sq ft as of Sep 2026, sit in the mid-to-high range when compared to surrounding areas. For instance, Somajiguda commands a significantly higher average asking price of ₹20,850 per sq ft, which has appreciated by 10.77% recently. Conversely, more affordable options are available in Mehdipatnam at ₹5,450 per sq ft (depreciated by 2.75%) and Attapur at ₹7,150 per sq ft (depreciated by 12.35%).

As of Sep 2026, the average asking price for villas in New Mallepally is ₹13,350 per sq ft. This segment has experienced a slight depreciation of 1.21% compared to the previous period. While specific apartment-wide averages for the locality are not currently isolated, the overall market benchmark for the area is ₹10,550 per sq ft, indicating that villas currently command a premium over the general locality average.

Ready To Move projects in New Mallepally are currently priced at an average of ₹5,950 per sq ft as of Sep 2026. This segment has seen a depreciation of 7.36% compared to the previous period. For buyers, this price point offers a more accessible entry into the locality compared to the broader market average, reflecting the current supply and demand dynamics for completed residential inventory.

Several established projects in New Mallepally, such as Royal Classic New Mallepally, GN Apartments New Mallepally, and Madina Tower, are currently listed at an average rate of ₹6,000 per sq ft as of Sep 2026. These projects have seen varying degrees of price adjustment, with Royal Classic New Mallepally depreciating by 6.3% and both GN Apartments New Mallepally and Madina Tower depreciating by 7.24% over the observed period. Additionally, Prabhatkar Apartments is available at a slightly lower rate of ₹5,850 per sq ft, following an 8.65% depreciation.

The rental market in the vicinity of New Mallepally shows stability in certain pockets while experiencing corrections in others as of Sep 2026. In Lakdi Ka Pul, the average rental rate is ₹50 per sq ft, a rate that has remained stable with 0% change. Meanwhile, Banjara Hills also maintains an average rental rate of ₹50 per sq ft, though this represents a significant depreciation of 12.82% compared to the previous period, signaling a softening in rental demand for that specific area.

Investors looking at the New Mallepally region should note that rental rates in nearby hubs like Lakdi Ka Pul and Banjara Hills are currently averaging ₹50 per sq ft as of Sep 2026. While Lakdi Ka Pul has seen stable rental pricing, the 12.82% depreciation in Banjara Hills suggests that landlords may be adjusting expectations to attract tenants. Investors should weigh these rental returns against the capital appreciation trends in the respective localities to determine the overall yield potential.