Higher-value properties are driving the city's residential real estate market more and more, particularly those that cost Rs 1 crore or more. Research published by Knight Frank india states that when compared to the same period in the previous year, the first four months of 2024 saw a 92% year-over-year gain in this range. Mid-segment houses, which range in price from Rs 50 lakhs to Rs 1 crore, also showed a 47% year-over-year increase during this period.
 
According to a survey by Knight Frank india, during the first four months of the year, 26,027 properties were registered, valued at a total of Rs 16,190 crores. This represents a 15% increase in registrations and a 40% increase in overall value year over year. As a result of homebuyers' evident preference for higher-value residences, prices have been rising gradually since the epidemic, according to Shishir Baijal, Chairman and Managing director of Knight Frank India.

April 2024 highlight:
Residential property registrations reached 6,578 units in april 2024 alone, a 46% YoY increase. The properties' combined value of Rs 4,260 crores is an 86% increase from april 2023. Seventy percent of the homes registered fell within the 1,000–2,000 square foot category.
 
Based on a review of launches in the first four months of 2024, it appears that developers are more inclined to build 2- and 3-bedroom apartments. The research stated that although 3-BHK apartment releases climbed from 56% to 59%, 2-BHK apartment launches increased from 27% to 31%.
 

 
 
 
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Telangana Hyderabad

SIBY JEYYA

18/05/2024 07:58 AM