Hyderabad Property Registrations Surge by 7% to 76,613 Units in 2024
Real estate consultancy Knight Frank India reports a significant increase in property registrations in Hyderabad, with the total value of registrations rising by 23% to Rs 47,173 crore in 2024.
Hyderabad PropertyProperty RegistrationKnight Frank IndiaReal Estate MarketEconomic GrowthReal EstateJan 21, 2025
The report indicates that the total number of units registered in 2024 reached 76,613, marking a 7% increase from the previous year.
Additionally, the total value of these registered properties climbed by 23% to Rs 47,173 crore, reflecting the robust growth in the city's real estate market.
on Property Market in Hyderabad
Hyderabad, the capital city of Telangana, has been a hub of economic activity, driven by its thriving IT, pharmaceutical, and manufacturing sectors.
The city's rapid urbanization and infrastructural developments have significantly boosted the real estate market.
The rise in property registrations is a clear indication of growing investor confidence and higher demand for residential and commercial spaces.
Key Findings of the Report
The report by Knight Frank India highlights several key trends in the property market of Hyderabad.
The increase in property registrations is attributed to multiple factors, including
- Economic Growth Hyderabad's strong economic performance, supported by a robust IT sector, has attracted a large number of professionals and businesses, driving up the demand for housing and commercial properties.
- Infrastructure Development The ongoing infrastructure projects, such as the metro rail, new roads, and flyovers, have improved connectivity and accessibility, making certain areas more appealing for property investments.
- Affordable Housing The government's focus on affordable housing schemes has also played a crucial role in boosting property registrations, particularly in the mid and lower segments of the market.
Impact on Property Prices
The surge in property registrations has had a significant impact on property prices in Hyderabad.
While the prices have risen, they remain relatively competitive compared to other major cities in India.
The affordability factor, coupled with the city's excellent quality of life, continues to attract both local and foreign investors.
Sector-wise Analysis
- Residential Sector The residential sector has witnessed a marked increase in demand, driven by the city's growing population and the influx of young professionals.
The demand for 2 and 3 BHK apartments has been particularly high.
- Commercial Sector The commercial sector has also seen significant growth, with an increasing number of startups and established companies setting up their operations in Hyderabad.
Office spaces, retail outlets, and industrial parks are in high demand.
Knight Frank India
Knight Frank India is a leading real estate consultancy firm, providing comprehensive services in property valuation, market research, and investment advisory.
With a strong presence across major cities in India, Knight Frank India offers expert insights and solutions to a diverse range of clients, including developers, investors, and corporates.
Future Outlook
The future of the property market in Hyderabad looks promising.
The city's ongoing infrastructural developments, economic growth, and government initiatives are expected to further enhance its appeal as a top investment destination.
Property experts predict that the trend of increasing property registrations is likely to continue in the coming years, with further improvements in the overall market conditions.
Conclusion
The significant rise in property registrations in Hyderabad, as reported by Knight Frank India, underscores the city's strong real estate market.
The combination of economic growth, infrastructural improvements, and government support has created a favorable environment for both buyers and investors.
As Hyderabad continues to develop, it is poised to remain a key player in the Indian real estate landscape.
Frequently Asked Questions
What is the main finding of the Knight Frank India report on property registrations in Hyderabad?
The main finding of the Knight Frank India report is that property registrations in Hyderabad increased by 7% to 76,613 units in 2024, with the total value of registered properties rising by 23% to Rs 47,173 crore.
What factors are driving the increase in property registrations in Hyderabad?
The increase in property registrations in Hyderabad is driven by economic growth, infrastructural developments, and government initiatives, particularly in the affordable housing sector.
How has the surge in property registrations affected property prices in Hyderabad?
The surge in property registrations has led to an increase in property prices in Hyderabad, although they remain relatively competitive compared to other major cities in India.
Which sectors have seen the most growth in property demand in Hyderabad?
The residential and commercial sectors have seen the most growth in property demand in Hyderabad, with a high demand for 2 and 3 BHK apartments and office spaces.
What is the future outlook for the property market in Hyderabad?
The future outlook for the property market in Hyderabad is positive, with ongoing infrastructural developments and economic growth expected to further enhance its appeal as a top investment destination.
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