Hyderabad's Luxury Real Estate Market on the Rise: A Shift Towards High-End Housing
Hyderabad's residential real estate segment has witnessed a marked shift towards high-end housing, with homes priced between ₹1-2 crore accounting for almost half of the city's residential sales and launches.
Hyderabad Real EstateLuxury Real EstateHigh End HousingCbreCredai TelanganaReal Estate MumbaiAug 03, 2024
Telangana's proactive policy landscape has been a key catalyst for Hyderabad's burgeoning residential market, with expanded metro rail networks, improved connectivity through the ORR and RRR, and multi-modal transit systems enhancing accessibility and boosting residential demand across the city.Hyderabad accounts for 12% of the total housing stock among the top seven cities in India, with a 35% share of the city's residential stock introduced over the past ten quarters. The top five developers contributed 23% of this residential stock, and the city's housing stock has grown 2.2 times in the past five years and 3.5 times over the past decade.The luxury residential market in Hyderabad is experiencing unprecedented growth, fuelled by increased interest from domestic and international investors, including NRIs and HNIs.
The strengthening US dollar and Hyderabad's ranking among the top 65 wealthiest cities globally, as well as the 10th fastest-growing millionaire hotspot, further bolsters this trend. CBRE is a leading real estate consulting firm that provides a wide range of services to the real estate industry.\n\n CREDAI Telangana is a state-level chapter of the Confederation of Real Estate Developers' Associations of India (CREDAI), which is a national organization of real estate developers. CBRE is a Fortune 500 and S&P 500 company headquartered in Dallas, Texas, and is the world's largest commercial real estate services and investment firm.CREDAI Telangana was established in 2014 and has since been actively involved in promoting the interests of real estate developers and the industry as a whole in the state.
Frequently Asked Questions
What is the current trend in Hyderabad's residential real estate market?
Hyderabad's residential real estate market has witnessed a marked shift towards high-end housing, with homes priced between ₹1-2 crore accounting for almost half of the city's residential sales and launches.
What is driving the growth of the luxury residential market in Hyderabad?
The growth of the luxury residential market in Hyderabad is driven by increased interest from domestic and international investors, including NRIs and HNIs, as well as the strengthening US dollar and Hyderabad's ranking among the top 65 wealthiest cities globally.
What is the impact of Telangana's policy landscape on Hyderabad's residential market?
Telangana's proactive policy landscape has been a key catalyst for Hyderabad's burgeoning residential market, with expanded metro rail networks, improved connectivity through the ORR and RRR, and multi-modal transit systems enhancing accessibility and boosting residential demand across the city.
How has the share of sales in Hyderabad's mid-segment changed in recent years?
The share of sales in Hyderabad's mid-segment (₹45 lakh to ₹1 crore) has dropped to less than 25% in H1 2024, from a 50% share until 2021.
What is the current ranking of Hyderabad among the top cities in India in terms of housing stock?
Hyderabad accounts for 12% of the total housing stock among the top seven cities in India, with a 35% share of the city's residential stock introduced over the past ten quarters.
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