Hyderabad Real Estate Records 20% Surge in October Property Registrations

The Hyderabad real estate market witnessed a robust 20% month-on-month (MoM) growth in property registrations, with 5,985 residential units sold in October 2024, as per Knight Frank India. The total home sales value stood at ₹3,617 crore, marking a 14% year-on-year (YoY) increase. Key districts contributing to these sales include Rangareddy (43% share) and Medchal-Malkajgiri (41%), with Hyderabad city itself accounting for 16% of registrations.

The residential market demonstrated fluctuating trends throughout the year. After a peak of 8,781 registrations in July, August saw a 27% dip to 6,439, followed by a further decline to 4,903 in September. October reversed the trend, registering a significant 20% growth in transactions.

Affordable Housing Dominates with a Shift to Premium

Affordable housing remains strong, with 59% of properties priced under ₹50 lakh. However, there is a growing inclination toward premium properties, with a 36% YoY increase in homes priced over ₹1 crore. Additionally, demand for larger homes exceeding 2,000 sq ft grew, representing 12% of total registrations, up from 11% last year.

The weighted average price of residential properties in Hyderabad rose by 7% YoY in October. Sangareddy led in price growth at 13%, followed by Medchal-Malkajgiri (8%), Rangareddy (6%), and Hyderabad city (3%).

Shift in Apartment Launch Trends

New apartment launches saw a notable shift, with 3BHK units dominating 90% of launches, a sharp rise from 46% in October 2023. Conversely, 2BHK units declined from 39% to just 6%, while 1BHK and 2.5BHK options vanished. Meanwhile, 3.5BHK units constituted 4% of new launches, whereas 4BHK units, which represented 11% last year, were absent.

With ongoing demand across segments and evolving trends, Hyderabad’s real estate market continues to demonstrate strong momentum.