Hyderabad's Luxury Real Estate Market Sees Sharp Rise in Demand

The city's residential market has dramatically transformed, establishing itself as one of India's most dynamic and sought-after real estate destinations.

Hyderabad Real EstateLuxury Residential MarketHigh End Residential SegmentCbre ReportIndia Real EstateReal EstateAug 03, 2024

Hyderabad's Luxury Real Estate Market Sees Sharp Rise in Demand

Real Estate:Hyderabad's luxury residential market is experiencing a surge driven by a confluence of factors. Increased interest from both domestic and international investors, including NRIs and HNIs, coupled with a strengthening US Dollar, has fuelled demand for premium properties. The city's growing economic prowess, evidenced by its ranking among the top 65 wealthiest cities globally and the 10th fastest-growing millionaire hotspot, further underpins this trend.According to a report by CBRE South Asia Pvt. Ltd, the sales in the high-end residential segment (Rs. 1 crore to Rs.2 crore and above) in Hyderabad now account for over 50 per cent from 2022 onwards, up from 30 per cent until 2021. Also, since 2022, launches in the high-end residential segment in the city account for over 55 per cent to 65 per cent share, compared to less than 20 per cent of new launches each year before the pandemic.\n\nHistorically, Hyderabad’s residential market has been dominated by the mid-end (Rs. 45 lakhs to Rs. 1 crore) segment in terms of new launches and also the sales. However, in recent years, post-Covid, there has been a noticeable shift towards the high-end (Rs.1 crore to Rs. 2 crore) segment, driven by rising disposable incomes and evolving buyer preferences.\n\nDevelopers have been launching more 3 BHK, 4 BHK, and larger units due to the post-Covid demand for spacious living environments and dedicated home offices and recreational areas. This trend is particularly evident in Kokapet (Neopolis) and Nanakramguda in the western part of Hyderabad.\n\nAnshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa, CBRE, said, “Hyderabad’s residential market has dramatically transformed, establishing itself as one of India’s most dynamic and sought-after real estate destinations. This evolution is marked by a surge in residential property launches and a steady rise in demand, driven by affordable housing options, a high quality of life, and a vibrant influx of professionals.”\n\nGipson Paul, Senior Executive Director and Head – Hyderabad, CBRE India, said, “the pandemic has profoundly reshaped this landscape, emphasising security and access to essential amenities. Consequently, there is a marked preference for branded residences, penthouses, sky villas, and independent floors within meticulously planned townships.”

Frequently Asked Questions

What is the current trend in Hyderabad's residential market?

There is a noticeable shift towards the high-end (Rs.1 crore to Rs. 2 crore) segment, driven by rising disposable incomes and evolving buyer preferences.

What is driving the demand for luxury properties in Hyderabad?

Increased interest from both domestic and international investors, including NRIs and HNIs, coupled with a strengthening US Dollar, has fuelled demand for premium properties.

What is the share of high-end residential segment in Hyderabad's total launches?

Since 2022, launches in the high-end residential segment in the city account for over 55 per cent to 65 per cent share.

What is the impact of the pandemic on Hyderabad's residential market?

The pandemic has profoundly reshaped this landscape, emphasising security and access to essential amenities.

What is the current ranking of Hyderabad among the wealthiest cities globally?

Hyderabad ranks among the top 65 wealthiest cities globally and is the 10th fastest-growing millionaire hotspot.

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