The Hyderabad real estate market showcased remarkable resilience in October 2024, registering a 20 percent month-on-month increase in property registrations with 5,985 residential units sold. According to Knight Frank India, these transactions amounted to ₹3,617 crore, reflecting a 14 percent year-on-year growth. The market, spanning Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy districts, displayed Rangareddy and Medchal-Malkajgiri districts leading with 43 percent and 41 percent of registrations, respectively.
This growth follows a period of fluctuation earlier this year, where registrations peaked at 8,781 in July but saw declines in August and September before rebounding in October. Affordable housing continued to dominate, with 59 percent of properties sold priced below ₹50 lakh. Interestingly, premium housing gained momentum, with a 36 percent year-on-year rise in sales for homes priced at ₹1 crore and above. Demand for larger units over 2,000 sq ft grew, accounting for 12 percent of registrations compared to 11 percent last year.
The rising demand has also influenced pricing trends, with a 7 percent year-on-year increase in the weighted average price of residential properties. Sangareddy district recorded the highest price growth at 13 percent, followed by Medchal-Malkajgiri at 8 percent, Rangareddy at 6 percent, and Hyderabad at 3 percent. This shift is accompanied by changing preferences in new launches, where 3BHK units now dominate 90 percent of the market, reflecting evolving consumer demand.
As Hyderabad grows as a residential hub, the city must focus on sustainable urban planning. Developers should integrate green building practices, energy-efficient materials, and eco-friendly designs to address the city’s environmental challenges. These efforts are crucial for maintaining Hyderabad’s liveability while accommodating the surge in housing demand. This growth, underpinned by robust infrastructure, positions Hyderabad as a key player in India’s evolving real estate landscape.
