Hyderabad Real Estate Market Sees Unprecedented Growth in H1 2024
Hyderabad's real estate market witnessed a significant surge in sales value, with total home sales worth ₹58,841 crore in H1 2024.
Hyderabad Real EstateCredai TelanganaRajashekhar ReddyReal Estate MarketH1 Cy24Real EstateAug 09, 2024
According to Rajashekhar Reddy, president of CREDAI Telangana, the city has witnessed a compound annual growth rate of 29% in the total value of unit sales from H1 CY19 to H1 CY24. This growth is a testament to the city's thriving real estate market.
The value of units sold in H1 CY24 has seen a staggering 257% increase compared to H1 CY19. Furthermore, there has been a 148% surge in housing unit sales, with 38,643 units sold in H1 CY24 versus the same period in 2019.
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CREDAI Telangana is a real estate developers' association that aims to promote and develop the real estate industry in the state of Telangana.
The Confederation of Real Estate Developers' Associations of India (CREDAI) is a leading advocacy group for the real estate industry in India. With a presence in over 200 cities, CREDAI represents the interests of developers, builders, and other stakeholders in the industry.
The company has been instrumental in promoting policies and initiatives that benefit the real estate sector, and has worked closely with government agencies to address issues affecting the industry.
Frequently Asked Questions
What is the total value of homes sold in Hyderabad in H1 2024?
₹58,841 crore
Which region accounted for the highest sales value in Hyderabad's real estate market?
Western corridor (60%)
What is the compound annual growth rate of unit sales in Hyderabad from H1 CY19 to H1 CY24?
29%
How many units were sold in H1 CY24 compared to H1 CY19?
38,643 units (148% surge)
What is the role of CREDAI Telangana in promoting the real estate industry?
CREDAI Telangana is a real estate developers' association that aims to promote and develop the real estate industry in the state of Telangana.
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