Hyderabad's Real Estate Boom: Can it Catch Up with Bengaluru?
Hyderabad's real estate sector is growing rapidly, with residential prices rising significantly in the last few years. But can it catch up with Bengaluru, which has been dominating the market for years?
Hyderabad Real EstateBengaluru Real EstateAnarockKnight Frank IndiaJll IndiaReal Estate NewsSep 04, 2024
Since 2023, the real estate sector in Hyderabad has been on a tear, with rentals increasing by at least 30 percent, local brokers say. Analysts also point out that in certain micro-markets, Hyderabad has crossed Bengaluru in terms of property price appreciation.
For example, Hyderabad's Kokapet saw an 89 percent appreciation in property prices in the last five years. A study by real estate consultant ANAROCK says housing prices in Hyderabad recorded a 64 percent hike in prices between 2019 and H1 2024, followed by Bengaluru with a 57 percent increase.
Affordable homes are driving much of the real estate demand in Hyderabad, with the IT sector clustered across the western corridor. The south, closer to the airport, is slowly developing as well.
Frequently Asked Questions
What is driving the growth of Hyderabad's real estate sector?
Affordable homes, commercial activity, and economic growth are driving the growth of Hyderabad's real estate sector.
How does Hyderabad's real estate market compare to Bengaluru's?
Hyderabad's real estate market is growing rapidly, but Bengaluru will continue to dominate in terms of overall supply and absorption.
What is the current state of Bengaluru's real estate market?
Bengaluru's real estate market is stabilising after a bull run of three years, with housing sales dipping and apartment rental growth slowing down.
What is the impact of recent political changes on Hyderabad's real estate sector?
Recent political changes have brought clarity to investors and driven growth in Hyderabad's real estate sector, with property values appreciating by 45 percent between 2021 and 2024.
What is the outlook for Hyderabad's real estate sector in the next 2-3 years?
Hyderabad's real estate sector is expected to continue growing over the next 2-3 years, driven by the mismatch in supply and demand and the city's economic growth.
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