Hyderabad’s Real Estate Soars: Outpaces Major Metros with 80% Price Surge
In a spectacular climb that underscores its growing stature as a real estate hotspot, Hyderabad has recorded an impressive 80% surge in housing prices over the past five years. This exceptional growth far exceeds the price appreciation observed in other major urban centers such as Delhi, Mumbai, and Bengaluru.
The data, released by real estate services firm Knight Frank India, highlights that between 2019 and the first five months of 2024, average residential property prices in Hyderabad skyrocketed from ₹4,280 per square foot to ₹7,735 per square foot. This marks a staggering 80.8% increase, the highest among the top eight cities in India.
Hyderabad Leads the Real Estate Boom
Hyderabad’s real estate sector has been buoyed by multiple favorable factors, including robust infrastructure development, investor-friendly government policies, and a steady influx of the IT workforce. Areas such as Gachibowli, Kondapur, and Hitech City have emerged as prime investment destinations thanks to their proximity to technology parks and business hubs.
Analysts attribute the city’s sustained growth to a combination of demand from end users and investors, improved connectivity, and large-scale development projects. The Telangana government’s pro-growth stance and the absence of a development charge for several infrastructure initiatives have further boosted developer confidence.
Comparative Growth Across Metro Markets
Hyderabad’s ascendancy becomes even more striking when compared to other metropolitan markets. Mumbai, despite being India’s most expensive real estate market, saw prices grow by 24% over the same period, while Delhi-NCR recorded a modest 20% increase. Bengaluru, known for its IT-driven demand, posted a 35% rise.
This disparity indicates that Hyderabad is currently offering the most dynamic growth trajectory, delivering stronger returns on investment. It is quickly rising as a preferred destination for both homeowners and real estate investors seeking long-term value gains.
Outlook for Homebuyers and Investors
For potential homebuyers, the steep rise in property prices could signal a narrowing window of affordability. Yet, experts believe that prices in Hyderabad are still relatively moderate compared to other major cities, making it an attractive option for those entering the market today. On the other hand, investors view the sustained price trend as a promising sign of continued capital appreciation.
As the city continues to strengthen its position as a real estate frontrunner, stakeholders should remain mindful of evolving market trends, zoning policies, and infrastructure plans, which will be key determinants of future growth.
Hyderabad’s impressive property value trajectory not only reflects its economic resilience but also marks it as a benchmark for urban real estate development in India’s next decade of growth.
