Hyderabad sees 1% fall in registrations of housing properties in Jan at 5,411 units: Knight Frank
Hyderabad region has witnessed a 1 per cent annual fall in registrations of residential properties in January to 5,411 units, according to Knight Frank. As many as 5,454 housing units were registered in January 2023 across the Hyderabad residential market, which includes four districts namely Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy.
The data covers transactions of both primary (first sale) and secondary (resale) markets.
As per the data compiled by real estate consultant Knight Frank India, the total value of properties registered during January stood at Rs 3,279 crore, which is 24 per cent higher year-on-year, indicating a movement towards sale of higher value homes.
In January 2024, 47 per cent housing properties registrations were in the price range of Rs 25-50 lakhs.
Properties priced below Rs 25 lakh constituted 15 per cent of the total registration numbers.
The consultant highlighted that the share of sales registrations for properties costing Rs 1 crore and above has increased to 14 per cent in January 2024, as compared to 8 per cent in January 2023.
Properties registered in January 2024 were largely concentrated in the range of 1,000 — 2,000 square feet, accounting for 71 per cent of registrations.
There was a moderation in demand for smaller homes (below 1,000 square feet), with registrations for this category falling to 16 per cent during January 2024, from 19 per cent in January 2023.
However, properties larger than 2,000 square feet saw an increase in demand, with registrations
