Hyderabad Real Estate Market Experiences Boom in Ultra-Luxury Home Sales
The real estate sector in Hyderabad has seen a significant increase in the sales of ultra-luxury homes priced over Rs 40 crore in 2024.
Hyderabad Real EstateUltraluxury HomesAnarockProperty SalesReal Estate MarketReal Estate NewsJan 09, 2025
According to a recent report by ANAROCK, a leading real estate services company, two homes in this price range were sold in Hyderabad this year, marking a two-fold increase compared to just one ultra-luxury home sold in 2023.
In the top seven cities in India, there has been a slight increase in the number of luxury homes sold, from 58 in 2023 to 59 in 2024.
Out of these 59 homes, 53 are apartments and six are bungalows.
Highest Sales in MumbaiMumbai continues to dominate the ultra-luxury home market, with 52 out of the 59 homes sold in 2024.
In 2023, 53 out of the 58 homes sold were in Mumbai.
This trend highlights Mumbai’s enduring appeal for high-net-worth individuals and investors.
Ultra-Luxury Home Sales in Hyderabad and Other CitiesThe following table provides a breakdown of ultra-luxury home sales in Hyderabad and other major cities over the past few years
| Year | Delhi-NCR | Mumbai | Hyderabad | Bengaluru | Grand Total ||----------|-----------|--------|-----------|-----------|-------------|| 2022 | 2 | 11 | - | - | 13 || 2023 | 4 | 53 | 1 | - | 58 || 2024 | 3 | 52 | 2 | 2 | 59 || Total | 9 | 116 | 3 | 2 | 130 |
Source ANAROCK Research
Factors Driving the SurgeSeveral factors are contributing to the rise in ultra-luxury home sales in Hyderabad.
These include
1.
Economic Growth Hyderabad has witnessed robust economic growth, attracting investments and high-income professionals.2.
Infrastructure Development The city’s infrastructure has improved significantly, with better connectivity, healthcare facilities, and educational institutions.3.
Real Estate Trends There is a growing trend towards premium living spaces, with developers focusing on luxury amenities and high-end finishes.4.
Investment Opportunities Ultra-luxury homes are seen as a safe and profitable investment, offering long-term gains and appreciation.
Impact on the Real Estate MarketThe surge in ultra-luxury home sales is having a positive impact on the overall real estate market in Hyderabad.
It is driving property values up and encouraging developers to invest in premium projects.
Additionally, it is creating job opportunities and boosting related industries such as construction, interior design, and property management.
ANAROCK A Brief OverviewANAROCK is a leading real estate services company in India, offering a wide range of services including market research, advisory, transactions, and project management.
The company’s research reports provide valuable insights into the trends and dynamics of the real estate market, helping stakeholders make informed decisions.
In conclusion, the real estate market in Hyderabad is witnessing a significant boom in the sales of ultra-luxury homes, reflecting the city’s growing economic and infrastructural development.
This trend is expected to continue, driven by ongoing investments and a strong demand for premium living spaces.
Frequently Asked Questions
What is the price range of ultra-luxury homes in Hyderabad?
Ultra-luxury homes in Hyderabad are priced over Rs 40 crore.
How many ultra-luxury homes were sold in Hyderabad in 2024?
Two ultra-luxury homes were sold in Hyderabad in 2024.
What factors are contributing to the increase in ultra-luxury home sales in Hyderabad?
The factors contributing to the increase include economic growth, infrastructure development, real estate trends, and investment opportunities.
Which city leads the ultra-luxury home market in India?
Mumbai leads the ultra-luxury home market in India, with 52 out of 59 homes sold in 2024.
What services does ANAROCK provide?
ANAROCK provides a wide range of services including market research, advisory, transactions, and project management in the real estate sector.
Related News Articles
Election Season Slows Down New Housing Supply in Top Indian Cities
The ongoing general elections have led to a 13% dip in new housing supply across nine major Indian cities, with Pune and Hyderabad being the worst affected.
MahaRERA Grants 4-Year Reprieve to RSM Homes to Complete Unimont Coral Project
Maharashtra Real Estate Regulatory Authority (RERA) grants a 4-year extension to RSM Homes LLP Ltd to complete their stalled project Unimont Coral
Top Commercial Real Estate Companies to Watch in India's Growing Market
Discover the four leading commercial real estate companies in India that are poised to benefit from the growing demand for co-working spaces and REITs.
RMR Group Posts Steady Q3 Results, Seeks Multifamily Investment Opportunities
The company is focusing on building its real estate lending platform, Tremont Realty Capital, with an initial goal of seeding a portfolio worth around $100 million.
Ban on Petrol and Diesel Cars in Mumbai? Maharashtra Sets Up Committee to Combat Pollution
The Bombay High Court has raised significant concerns over the increasing traffic congestion and air pollution in Mumbai, prompting the Maharashtra government to form a committee to address these pressing issues.
Offerpad Solutions Inc.'s SWOT Analysis: Navigating iBuying Market Challenges
Offerpad Solutions Inc. (NYSE:OPAD), a leading player in the iBuying and real estate services sector with a market capitalization of $46.82 million, has been adapting to the dynamic challenges of the iBuying market. This SWOT analysis delves into the comp