Hyderabad witnesses 7% YoY surge in Home Sales Registrations

According to Knight Frank India's most recent assessment report, Hyderabad saw a 23% YoY increase in total transaction value and a 7% YoY increase in home sales registrations in 2024. In 2024, the city sold 76,613 units, up from 71,912 in 2023 and 68,519 in 2022.

The performance in December 2024 was also discussed in the report; 5,805 properties were registered, representing a 5% month-over-month (MoM) increase. Nonetheless, this indicated a 20% year-over-year drop in registrations. 

At Rs. 3,590 crore, the total value of dwellings registered in December represented a 14% YoY fall but a 2% MoM growth.

Transactions from the primary and secondary real estate markets are included in Hyderabad's residential market, which comprises the districts of Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy. With 42% of all property registrations, Medchal-Malkajgiri was the most popular district among them, followed by Rangareddy with 41%. The remaining 17% of the registrations were from the Hyderabad district.

With 45,605 registrations, houses under Rs. 50 lakh led the market in terms of price. 19,964 registrations were for homes valued between Rs. 50 lakh and Rs. 1 crore, while 11,044 registrations were for properties costing more than Rs. 1 crore. These numbers represent a range of consumer preferences across various income brackets.

"Hyderabad’s real estate market has continued its upward trajectory in 2024, showcasing resilience and adaptability. The sustained momentum in the high-value segment underscores the confidence of affluent buyers in Hyderabad’s thriving residential real estate market, reaffirming the city’s position as a hub for premium living and investment opportunities,” said Chairman and Managing Director of Knight Frank India Shishir Baijal.