Hyderabad’s Property Market Soars: ₹4,302 Crore Worth of Registrations in May

Hyderabad’s real estate sector continues to gain significant momentum, as the city recorded property registrations worth ₹4,302 crore in May 2024. This marks a notable 14% increase year-on-year, underlining the city’s growing appeal among homebuyers and investors alike.

According to data compiled by Knight Frank India, a global property consultancy, 5,869 residential properties were registered in Hyderabad during May. The city’s robust performance has been attributed to buyer confidence, favorable interest rates, and sustained development in infrastructure and connectivity across its key micro-markets.

Preferred Price Brackets and Property Sizes

The majority of properties registered fall within the ₹25–50 lakh price bracket, indicating continued demand in the affordable and mid-income segments. Around 54% of total registrations were in this pricing category.

In terms of property sizes, residential units measuring between 1,000 and 2,000 square feet comprised the largest share, accounting for more than 71% of all registrations. This trend reflects a growing preference among buyers for spacious homes that cater to remote working and hybrid lifestyle needs prompted by post-pandemic living patterns.

Key Locations Driving Growth

The majority of the registrations were concentrated in the districts of Rangareddy, Medchal-Malkajgiri, and Hyderabad. Rangareddy led the charts with 42% share of total registrations, followed by Medchal-Malkajgiri at 39% and Hyderabad district itself at 19%.

These districts are benefitting from robust civic infrastructure, expanding road networks, IT/ITES growth, and improved public amenities, making them hotspots for residential development and sustained buyer interest.

Market Outlook and Buyer Confidence

The steady uptick in registrations indicates enduring confidence in Hyderabad’s real estate market. Analysts note that both end-users and investors are increasingly inclined toward long-term investment in the region, confident in the city’s economic resilience and upward trajectory in property value appreciation.

With steady GDP growth regionally and a proactive state government pushing for urban development, the Hyderabad property market appears poised for continued growth through the rest of 2024 and beyond.

In conclusion, Hyderabad’s real estate sector has showcased impressive growth in May 2024, reaffirming its position as one of India’s most dynamic and investment-worthy property markets. As infrastructure continues to improve and development projects progress, the city is likely to attract increased interest from buyers and investors nationwide.