Hyderabad Residential Market is no longer affordable, marked by modern opulence

Residential real estate market of Hyderabad is constantly booming which is driven by a shift towards higher-value homes and increased property values across all categories. During the first quarter of 2024, in Hyderabad 9,550 residential units were sold which records a 15% increase from the last year.

Currently, Hyderabad is holding second-highest sales volume and YoY growth in India’s residential market just after Mumbai.

According to Knight Frank India’s report revealed that, from January to April 2024, Hyderabad recorded 26,027 property registrations valued at Rs. 16,190 crore. This implies a 15% growth in registrations and an impressive 40% YoY increase in total value.

April 2024 alone saw significant activity with 6,578 residential property registrations, a 46% YoY increase, and a total value of Rs 4,260 crore, marking an 86% YoY rise. It implies a strong growth of expensive properties, with the value of registered homes increasing by 13%.

The growth of this sector is marked by higher-value homes, with properties priced at Rs. 1 crore and above seeing a 92% YoY increase and mid-segment homes (Rs. 50 lakh to Rs. 1 crore) experiencing a 47% YoY rise.

The trend of the market saw inclination towards luxurious properties, with top deals in April 2024 featuring homes over 3,000 square feet and valued above Rs. 4.2 crore in areas like Puppalaguda.

The real estate developers are grabbing this opportunity and responding to these trends by launching more and more luxurious 2BHK,3BHK residential projects. They are following the customer demand and trend to create strategic steps to fetch extra profits.