Hyderabad’s residential real estate market continues its impressive growth trajectory, recording a 20% rise in sales value in the September 2024 quarter. Data from Square Yards reveals that the city witnessed 19,527 registered residential transactions, marking a 7% increase in transaction volume compared to the same period last year, when 18,314 properties were sold. This growth underscores Hyderabad’s sustained appeal as a premier real estate destination, driven by robust demand from both local homebuyers and investors, who are drawn to the city’s expanding infrastructure and residential offerings.
The September quarter saw the average sales price of homes climb to INR 60 lakh, a notable 13% rise year-on-year. Properties priced at INR 1 crore and above now make up 13% of total sales, up from 9% in 2023, highlighting a growing appetite for premium properties in the city. In particular, homes in the INR 1 crore to INR 2 crore range saw a notable increase, accounting for 11% of total transactions, up from 7% last year. Leading developers such as Aparna Constructions and Prestige Group have capitalised on this trend, with Aparna Constructions generating INR 510 crore from 625 units sold and Prestige Group recording INR 334 crore in sales from 214 units. Projects located near the Outer Ring Road (ORR), including Aparna Zenon in Khajaguda and Prestige Tranquil in Kokapet, saw especially strong demand, underscoring the value of connectivity for discerning buyers.
The trend toward larger homes is evident, with 44% of transactions comprising properties sized between 1,000 and 1,500 sq ft, while those in the 1,500 to 3,000 sq ft range grew to 37% of total sales, up from 31% the previous year. This shift indicates a preference for spacious living among buyers, many of whom seek 3 BHK and larger configurations to accommodate evolving lifestyle needs. Experts attribute this trend to Hyderabad’s unique appeal as a balanced city for both residential and business opportunities, particularly as hybrid work models spur demand for multifunctional living spaces.
Sustainability remains central to Hyderabad’s real estate expansion, with a significant share of development focused on eco-friendly practices and connectivity enhancements. The Western suburbs, encompassing regions like HITEC City and emerging areas along the ORR, account for 45% of all registered transactions and 56% of total sales value. These locations benefit from ample land availability and strategic proximity to Hyderabad International Airport, providing seamless access to IT hubs. As Hyderabad continues to grow, the city’s commitment to sustainable urbanisation and infrastructure improvements positions it as a thriving and future-ready real estate market.
