Hyderabad witnesses a remarkable 7% YoY increase in home sales registrations. Hyderabad Real Estate Market Records Steady Growth in 2024

Hyderabad Real Estate Market Records Steady Growth in 2024
Hyderabad witnesses a remarkable 7% YoY increase in home sales registrations and a 23% surge in transaction value

Hyderabad’s residential real estate market continued its growth trajectory in 2024, registering a 7% year-on-year (YoY) increase in home sales and a significant 23% YoY rise in total transaction value, as per the latest assessment report by Knight Frank India. The city witnessed 76,613 home registrations this year, up from 71,912 in 2023 and 68,519 in 2022.

December 2024 Performance

In December alone, 5,805 properties were registered, reflecting a 5% month-on-month (MoM) increase. However, YoY figures showed a 20% decline in registrations compared to December 2023. The total value of homes registered in December stood at ₹3,590 crore, showing a modest 2% MoM growth but a 14% YoY decline.

Market Insights by Region

Hyderabad’s residential market spans the districts of Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy, encompassing both primary and secondary real estate transactions. Among these, Medchal-Malkajgiri emerged as the frontrunner, accounting for 42% of the total property registrations. Rangareddy closely followed with 41%, while Hyderabad district contributed the remaining 17%.

Trends in Property Size and Demand

The report highlighted buyer preferences based on property sizes:

• 1,000–2,000 sq. ft.: Dominated the market, constituting 69% of total registrations.
• 500–1,000 sq. ft.: Represented 14% of sales.
• 2,000–3,000 sq. ft.: Accounted for 11% of registrations.
• Properties below 500 sq. ft. and above 3,000 sq. ft. each contributed 3% of total sales.

A Thriving Market for Premium Living

“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 Shishir Baijal, Chairman and Managing Director of Knight Frank India.

Hyderabad’s robust real estate performance in 2024 reflects its resilience and adaptability, further solidifying its reputation as a destination for luxury living and lucrative investments.

For more updates on Hyderabad’s real estate trends, visit Nature Lifespace.