Hyderabad property registrations up 7% in 2024; 58% YoY surge for above Rs 1+ crore homes
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The value of homes registered in December 2024 stood at Rs 3,590 crore, a 2% m-o-m increase but a 14% y-o-y decline. Shishir Baijal, Chairman and Managing Director, Knight Frank India said, “Hyderabad’s real estate market has continued its upward trajectory in 2024, showcasing resilience and adaptability. Property registrations increased by 7% year-on-year, highlighting sustained demand. A notable shift in buyer preferences has emerged: properties priced below Rs 50 lakhs now account for 60% of registrations, down from 68% in 2023. Meanwhile, the share of properties valued above Rs 50 lakhs has climbed to 40%, up from 32% last year.
In 2024, the majority of the registered properties in Hyderabad were concentrated in the range of 1,000 to 2,000 square feet (sq ft), accounting for 69% of all registrations. Units sized above 2000 sq ft accounted for 14% of the total registrations as compared with the 11% registered during 2023.
«This trend reflects a rising preference for premium and luxury living, driven by Hyderabad’s strong economic fundamentals and the growing aspirations of homebuyers. Developers are responding proactively to this demand by launching upscale projects tailored to evolving market needs. The sustained momentum in the high-value segment underscores the confidence of affluent buyers in Hyderabad’s thriving residential real estate
