Northwest Hyderabad leads real estate boom with ₹71,926 crore sales
Hyderabad’s real estate market witnessed a phenomenal surge in 2024, with 65,177 residential units sold, amounting to ₹1.13 lakh crore in total sales. A recent report by CREDAI Hyderabad, in collaboration with CRE Matrix, underscores the dominance of Northwest Hyderabad, which alone accounted for 70% of total unit sales, translating to 45,405 units worth ₹71,926 crore. This region, encompassing Madhapur, Miyapur, Manikonda, Serilingampally, Tellapur, Narsingi, Patancheru, and Gandi Maisamma, has emerged as the city’s strongest real estate hotspot, fuelled by its proximity to IT corridors and rapid infrastructural advancements.
Meanwhile, Southwest Hyderabad, which includes areas near Rajiv Gandhi International Airport, Katedan, Attapur, and Balapur, recorded 9,109 unit sales valued at ₹29,342 crore. In contrast, Northeast Hyderabad (6,279 units, ₹7,147 crore) and Southeast Hyderabad (4,384 units, ₹5,522 crore) saw comparatively lower sales volumes, highlighting an imbalanced urban growth pattern. Experts argue that the city’s heavy reliance on its western corridors has contributed to traffic congestion, infrastructure overload, and rising property prices, urging policymakers to diversify development focus towards underutilised regions.
Urban Development and Growing Civic Concerns
While Northwest Hyderabad continues to drive the city’s real estate momentum, concerns around civic infrastructure and urban planning are intensifying. With a majority of Hyderabad’s population living and working in the western region, the strain on roads, utilities, and public services is becoming increasingly evident. Experts warn that excessive focus on the west has created development lopsidedness, neglecting the potential of the eastern corridors. Traffic congestion, water supply management, and waste disposal inefficiencies are growing civic issues, prompting calls for a balanced urban expansion strategy.
Industry leaders believe that if the government prioritises infrastructural projects in Northeast and Southeast Hyderabad, developers will naturally expand into these areas, creating more evenly distributed real estate growth. Affordable housing projects and commercial hubs in the east could reduce excessive dependency on the western IT belt, easing pressure on key transport arteries like Outer Ring Road and NH-65.
Commercial Real Estate Sees Strong Demand
Beyond the residential boom, Hyderabad’s commercial real estate sector is witnessing robust expansion. The demand for office spaces reached 13 million sq ft, exceeding the available supply of 12.4 million sq ft. Among notable transactions, Google leased 5.5 lakh sq ft at Elegans Emperia, while Metlife Services, HCA Global, and Cigna secured large office spaces across the city. The Phoenix Group emerged as the dominant developer, holding a staggering 70% market share, followed by Pranava Group (17%) and Modi Realty (13%).
The IT and IT-enabled services (ITES) sector continues to drive demand, accounting for 49% of the total office space uptake, followed by healthcare (18%), BFSI (10%), and the automobile sector (8%). According to experts, Hyderabad’s Grade A office stock has now reached 151.1 million sq ft, with an additional 82.9 million sq ft under construction, reinforcing the city’s reputation as a corporate hub.
Sustainability and Future Urban Planning
With Hyderabad’s property market reaching new heights, sustainability remains a crucial consideration for long-term viability. Rapid urban expansion has heightened concerns over environmental degradation, water resource depletion, and inefficient energy consumption. To ensure sustainable growth, developers must incorporate green building designs, rainwater harvesting systems, and solar energy solutions in upcoming projects.
Additionally, the increasing adoption of electric vehicles (EVs) necessitates widespread charging infrastructure, particularly in newly developed residential and commercial spaces. Hyderabad’s urban planners must also integrate sustainable transport solutions, such as metro rail extensions and pedestrian-friendly city layouts, to mitigate congestion and reduce carbon emissions. Experts emphasise that while the city’s western corridors have thrived, a holistic development approach focusing on equitable urban growth and environmental responsibility is essential for Hyderabad’s continued success.
The ₹71,926 crore surge in Northwest Hyderabad signifies strong investor confidence, but unless policymakers prioritise balanced development, Hyderabad’s urban landscape may struggle with uneven growth, infrastructure deficits, and sustainability challenges in the coming years.
