Hyderabad: In its latest assessment, Knight Frank India reported that Hyderabad saw 26,027 property registrations in the first four months of 2024, with a total value of INR 16,190 crores (cr). This represents a 15% year-on-year (YoY) increase in the number of registrations and a 40% YoY increase in the total value compared to the same period last year. The surge in 2024 registrations has been driven by higher-value homes, especially those priced at INR 1 crore and above, which saw a 92% YoY increase. Mid-segment homes, costing between INR 50 lakhs and INR 1 crore, also saw a 47% YoY rise. Overall, the value of registered homes in all categories has increased, indicating a shift towards more expensive properties.
For April 2024, the total residential property registrations reached 6,578 units, marking a 46% YoY increase, with the value of these properties recorded at INR 4,260 cr, also showing a significant 86% YoY rise. The Hyderabad residential market encompasses four districts, namely Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy, covering home sales relevant to both primary and secondary real estate markets.