Hyderabad’s real estate booms with 4,398 apartment registrations in April

According to the latest report by Knight Frank India, a total of 4,398 apartments were registered during the month, with a total value of Rs 2,230 crore.

According to the latest report by Knight Frank India, a total of 4,398 apartments were registered during the month, with a total value of Rs 2,230 crore. This figure speaks volumes about the city’s flourishing residential market, which is fast becoming a hot spot for both investors and homebuyers.

What’s even more intriguing is that 54 per cent of all the homes registered in April 2023 were in the price range of Rs 25-50 lakh, indicating that the city caters to a diverse range of buyers, from budget-conscious to luxury-seekers.

The report further highlights that 69 per cent of all sales registered for homes between 1,000-2,000 sq ft, indicating that people in Hyderabad are looking for upgraded homes with more space and amenities.

Breaking down the registrations district-wise, the report states that home sales registrations in the Medchal-Malkajgiri district were recorded at 47 per cent, followed by Rangareddy district at 38 per cent, and Hyderabad district at 14 per cent. This showcases that the demand for residential properties is spread evenly across the city and its adjoining districts, making it a prime location for real estate investment.

The report also sheds light on the price trends in the market, with the weighted average prices of transacted residential properties declining marginally by 0.3 per cent YoY during April 2023. However, the market price rise was the highest in Hyderabad at 9 per cent YoY, indicating that a larger volume of higher value homes was sold in this location during this period. Price growth in the Medchal-Malkajgiri market also increased by 2 per cent during April 2023.