Just behind Mumbai, hyderabad has the second-highest number of sales and the fastest year-over-year (YoY) rise in residential real estate sales. 9,550 residential units were sold in hyderabad in the first quarter of 2024, a 15% increase over the same time the previous year.
 
Hyderabad saw 26,027 property registrations in the first four months of 2024, with a total value of Rs 16,190 crore, according to the most recent data from Knight Frank India. When compared to the same period last year, this indicates a notable 40% YoY growth in total value and a 15% YoY increase in registrations.

Higher-value properties have been the main driver of the boom, especially those priced at Rs 1 crore and beyond, where there has been a 92% YoY growth. Homes in the mid-segment, which range in price from Rs 50 lakh to Rs 1 crore, too had a 47% YoY increase.
 
All kinds of registered residences have seen an increase in value, which suggests a move towards more costly real estate. With a 13% increase in prices, hyderabad had the biggest price increase as the development of upscale high-rise residences took precedence.
 
Residential property registrations reached 6,578 units in april 2024 alone, a 46% YoY increase. These assets were valued at Rs 4,260 crore, an astounding 86% YoY increase.
 
The main and secondary real estate markets are covered by Hyderabad's residential market, which is comprised of the districts of hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy.
 
 
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19/05/2024 09:43 AM