During the fiscal year 2023, the city experienced an increase of 10% in sales share by value while experiencing a 13% increase in sales share by units. But what's even more remarkable is the sharp increase in sales of luxury homes that Anarock Group reports has been observed in seven major cities, including Hyderabad. According to Anuj Puri, Chairman at Anarock, "FY23 created a new record for highest sales volume across the top seven cities, with approximately 3.79 lakh units sold - 36% higher than the previous year."
Residential real estate of Rs 3.47 lakh crore was sold throughout the year, which is 48% more than in FY22. He said, "Mumbai Metropolitan Region (MMR) led with the largest share in both sales value and volume, accounting for 30% of the total units sold during the fiscal, with this sold stock valued at Rs 1.67 lakh crore, accounting for 48% of sales value share."
Homebuyers have been reinventing their housing options as the pandemic transformed the world, and this has rekindled interest in luxury property. people are increasingly choosing homes that are future-proof in terms of size, lifestyle appeal, and resale value increase, and hyderabad has been at the forefront of this trend.
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