Hyderabad, Dec. 2 -- The houses in the IT corridor of Hyderabad have become so expensive that they are now beyond the reach of a middle-class person.

A house in the corridor is now available at a minimum price of Rs. 1.5 crore. If someone is looking for a house in Gachibowli, Financial District, or Kokapet, the price may even reach Rs. 2 crores.

Before the pandemic, it was possible to own a house in the corridor at a price as low as Rs. 70 lakh but now, it has jumped by almost 50 percent.

Reasons behind rise in prices

There are multiple reasons for the rise in prices of houses in the IT corridor. Out of them, two are the major ones. They are the size of houses and the spike in land rates.

As Hyderabad is the second IT hub of India, m...