Hyderabad Real Estate Records 7% Growth in 2024
Hyderabad’s residential real estate market has shown resilience in 2024, registering a 7% year-on-year (YoY) increase in home sales and a significant 23% YoY surge in transaction value. A total of 76,613 residential units were sold during the year, up from 71,912 in 2023 and 68,519 in 2022, indicating sustained demand despite economic challenges. The growth underscores Hyderabad’s reputation as a burgeoning hub for real estate activity, driven by affordability, connectivity, and robust infrastructure.
The December 2024 performance offered a mixed picture, with 5,805 properties registered, representing a 5% month-on-month (MoM) increase but a 20% YoY decline. The total value of homes registered in December stood at ₹3,590 crore, reflecting a modest 2% MoM growth but a 14% YoY drop. Geographically, Medchal-Malkajgiri emerged as the most active district, accounting for 42% of registrations, followed by Rangareddy at 41% and Hyderabad at 17%. This distribution highlights the growing preference for suburban districts offering larger homes and competitive pricing.
Price segmentation revealed that properties under ₹50 lakh dominated, accounting for 45,605 registrations. The mid-segment homes priced between ₹50 lakh and ₹1 crore contributed 19,964 registrations, while high-end properties exceeding ₹1 crore recorded 11,044 sales. Notably, a majority of transactions were for homes sized between 1,000 and 2,000 square feet, reflecting a preference for family-oriented living spaces among buyers. These figures underline Hyderabad’s appeal to a broad spectrum of buyers, from budget-conscious individuals to affluent investors.
From a sustainability perspective, Hyderabad’s planned urban expansion and focus on developing suburban areas reduce congestion in the city’s core while promoting eco-friendly living. By dispersing housing demand, districts like Medchal-Malkajgiri and Rangareddy help alleviate urban pressure, paving the way for sustainable growth. Encouraging such decentralisation can lead to better resource utilisation, lower commute times, and improved quality of life for residents.
Hyderabad’s robust performance in 2024 cements its position as a key real estate destination in India. As affordability and infrastructure remain focal points, the market’s ability to cater to diverse buyer needs while driving sustainable urbanisation sets a benchmark for other cities.
