Hyderabad Surpasses Mumbai with Rs 1.15 Lakh Crore in Home Sales in 2024
Hyderabad has emerged as the leading city in the real estate sector, recording Rs 1.15 lakh crore in home sales in 2024. According to the latest report by CREDAI, the North West region of Hyderabad continues to dominate the residential market, contributin
HyderabadReal EstateHome SalesCredaiNorth WestReal EstateFeb 19, 2025
This remarkable achievement highlights the city's growing appeal as an ideal location for residential investments.
The report, released by the Confederation of Real Estate Developers' Associations of India (CREDAI), provides a detailed analysis of the city's real estate landscape.
The North West region of Hyderabad has emerged as the epicenter of residential activity, contributing a staggering 64% of total home sales.
This region, known for its well-planned infrastructure, excellent connectivity, and high-quality living standards, has attracted a significant number of homebuyers.
Developers are also focusing on this region, leveraging the potential to create premium residential projects.
Hyderabad's success in the real estate sector can be attributed to several factors.
The city's robust economic growth, driven by the IT and pharmaceutical industries, has created a strong demand for housing.
Additionally, the government's initiatives to improve infrastructure, such as the rapid expansion of the Metro rail network and the development of new roadways, have further fueled the growth of the real estate market.
The report highlights that the average home price in Hyderabad has increased by 12% compared to the previous year.
However, this increase has not deterred buyers, as the city continues to offer relatively affordable housing options compared to other major metropolitan cities like Mumbai and Bangalore.
The availability of a wide range of housing options, from budget-friendly apartments to luxury villas, has also contributed to the city's appeal.
CREDAI, a leading organization representing the real estate industry in India, has played a crucial role in promoting sustainable and ethical practices in the sector.
The organization works closely with developers, policymakers, and other stakeholders to ensure the growth and development of the real estate market.
CREDAI’s efforts have been instrumental in enhancing the transparency and credibility of the real estate sector in Hyderabad.
Despite the positive trends, the report also notes some challenges facing the market.
The need for more affordable housing and the development of social infrastructure, such as schools and hospitals, remain key areas of focus.
Developers are increasingly prioritizing these factors to meet the evolving needs of homebuyers and to ensure the long-term sustainability of the market.
In conclusion, Hyderabad's impressive performance in the real estate sector is a testament to its dynamic and forward-looking approach.
The city's continued focus on infrastructure development and economic growth is expected to further enhance its position as a top destination for residential investments.
As the real estate market in Hyderabad continues to evolve, it is poised to attract more investors and homebuyers in the coming years.
Frequently Asked Questions
Which region in Hyderabad is leading in home sales?
The North West region of Hyderabad is leading in home sales, contributing 64% of total sales.
What factors have contributed to the growth of Hyderabad's real estate market?
The growth of Hyderabad's real estate market can be attributed to robust economic growth, government initiatives to improve infrastructure, and the availability of affordable housing options.
How much has the average home price in Hyderabad increased compared to the previous year?
The average home price in Hyderabad has increased by 12% compared to the previous year.
What is CREDAI's role in the real estate sector?
CREDAI plays a crucial role in promoting sustainable and ethical practices in the real estate sector, working closely with developers, policymakers, and other stakeholders to ensure the growth and development of the market.
What are the key challenges facing the real estate market in Hyderabad?
The key challenges facing the real estate market in Hyderabad include the need for more affordable housing and the development of social infrastructure, such as schools and hospitals.
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