Hyderabad Surges as India's Top Real Estate Market: Outpacing Delhi and Mumbai
Hyderabad has emerged as the leading city in India's real estate market, with an 80% increase in housing prices since 2020, surpassing traditional hubs like Delhi and Mumbai. Noida and Gurgaon also show significant growth, while legacy cities exhibit moderate gains.
Real EstateHyderabadProperty MarketCapital AppreciationInvestmentReal Estate NewsJun 30, 2025
In contrast, legacy markets such as Delhi and Bangalore saw average gains of 45%, and Mumbai trailed with a 40% rise. Cities like Chennai and Kolkata underperformed, showing sub-20% and below-25% appreciation respectively. Pune fared slightly better, nearing the 30% mark. Ahuja clarifies that while certain localities in each city have tripled in value, his analysis focuses on overall city averages.
Hyderabad’s rise is further supported by Knight Frank’s 2024 report, which notes a 6% annual average price growth in the city, with areas like Medchal-Malkajgiri experiencing up to 14% growth. Although the exact 80% citywide jump is not confirmed, Hyderabad consistently ranks among India’s top-performing property markets.
Noida’s ascent is especially notable. PropEquity data reveals that new project prices surged 152% from 2019 to 2024, suggesting nearly 100% appreciation over the past four years—potentially challenging Hyderabad’s top spot depending on measurement criteria.
Meanwhile, Mumbai and Bengaluru showed steady, moderate growth, reflecting market maturity rather than dynamism. Chennai and Kolkata lag well behind the national metro average of 50%. Ahuja’s analysis reveals a dynamic transformation in Indian real estate, where emerging markets like Hyderabad and Noida are now leading the charge, displacing long-dominant cities and reshaping investment patterns in the country.
Hyderabad leads India’s real estate boom with an 80% price surge since 2020, followed by Noida and Gurgaon. Legacy cities like Delhi, Mumbai, and Bangalore show modest gains, while Chennai and Kolkata lag. Noida’s 152% price jump in new launches signals a shift toward emerging markets driving the country’s property growth.
Frequently Asked Questions
What is the primary reason for Hyderabad's surge in real estate prices?
Hyderabad's surge in real estate prices is primarily due to its rapid urbanization, economic growth, and the development of key infrastructure projects, which have attracted significant investments and increased demand for housing.
How do other major cities like Delhi and Mumbai compare to Hyderabad in terms of real estate growth?
While Hyderabad has seen an 80% increase in housing prices since 2020, Delhi and Mumbai have recorded more modest gains of 45% and 40%, respectively. This reflects the maturity of these markets and the dynamic growth of emerging cities like Hyderabad.
What areas in Hyderabad are experiencing the highest growth?
Areas like Medchal-Malkajgiri are experiencing some of the highest growth rates, with up to 14% annual price appreciation. These regions are benefiting from new infrastructure and development projects.
How does Noida's real estate market compare to Hyderabad's?
Noida has seen a significant 152% increase in new project prices from 2019 to 2024, suggesting nearly 100% appreciation over the past four years. This growth is comparable to Hyderabad's, and Noida is emerging as a strong contender in the real estate market.
What factors are driving the overall transformation in India's real estate market?
The transformation in India's real estate market is driven by a combination of factors including urbanization, economic growth, infrastructure development, and shifting investment patterns towards emerging markets like Hyderabad and Noida.
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