Hyderabad's Residential Market Witnesses 11.9% Price Increase in Under-Construction Properties
The steady growth in Hyderabad's under-construction residential market, with a 11.9% price surge, underscores the city's robust real estate dynamics and expanding economic base.
Hyderabad Real EstateUnderconstruction PropertiesPrice IncreaseMagicbricksResidential MarketReal Estate MumbaiJan 11, 2025
According to research by Magicbricks, the supply of under-construction properties increased by 4.5% year-on-year (YoY).
This growth highlights the city’s robust real estate dynamics, driven by its expanding economic base and increasing preference for premium housing.
The average price of under-construction properties in Hyderabad climbed by 11.9% YoY, reaching INR 9,090 per square foot (psf).
This price hike reflects developers' focus on high-quality residential projects to meet the evolving aspirations of buyers.
Meanwhile, data from Magicbricks also revealed a 46.8% YoY increase in under-construction residential supply across major cities in India.
This surge in supply is a response to strong market demand.
The average price for under-construction properties across key markets now stands at INR 12,064 psf.
The increased focus on under-construction properties is aligned with the rising demand, as developers are expediting project timelines to meet the needs of potential homebuyers.
This surge in activity underscores the resilience of India’s residential real estate market, with developers actively contributing to both affordable and premium segments.
Information on Magicbricks
Magicbricks is one of India’s leading online real estate platforms, providing comprehensive property listings, market research, and analytics.
The company’s research division is renowned for its in-depth analysis of the Indian real estate market, offering valuable insights to developers, investors, and homebuyers.
Detailed Market Analysis
Change in Prices and Supply of Under-Construction Properties in Major Cities (Q4 2024)
- Ahmedabad 7.6% price increase, 6708 psf, 24.84% supply increase
- Bangalore 25.7% price increase, 10988 psf, 114.08% supply increase
- Chennai 14.8% price increase, 9260 psf, 8.20% supply increase
- Greater Noida 21.1% price increase, 8281 psf, 65.58% supply increase
- Gurgaon 20.5% price increase, 14579 psf, 98.89% supply increase
- Hyderabad 11.9% price increase, 9090 psf, 4.50% supply increase
- Kolkata 8.8% price increase, 7259 psf, 80.37% supply increase
- Mumbai 12.8% price increase, 27725 psf, 21.25% supply increase
- Navi Mumbai 13.2% price increase, 11738 psf, -3.62% supply decrease
- New Delhi -20.3% price decrease, 18150 psf, -16.80% supply decrease
- Noida 19.0% price increase, 11706 psf, 55.88% supply increase
- Pune 16.1% price increase, 9119 psf, 48.40% supply increase
- Thane -2.2% price decrease, 12228 psf, 27.99% supply increase
- India (Average) 8.39% price increase, 12064 psf, 46.85% supply increase
Conclusion
Hyderabad’s under-construction residential market is demonstrating strong growth, driven by a combination of economic expansion and the rising demand for premium housing.
The significant price increase and supply growth are positive indicators of the market's resilience and the developers' commitment to meeting the evolving needs of homebuyers.
Frequently Asked Questions
What is the average price of under-construction properties in Hyderabad in Q4 2024?
The average price of under-construction properties in Hyderabad in Q4 2024 is INR 9,090 per square foot (psf).
How much did the supply of under-construction properties increase in Hyderabad in Q4 2024 compared to the previous year?
The supply of under-construction properties in Hyderabad increased by 4.5% year-on-year (YoY) in Q4 2024.
What factors are driving the growth in Hyderabad's residential market?
The growth in Hyderabad's residential market is driven by the city's expanding economic base, rising preference for premium housing, and the focus on high-quality residential projects by developers.
What is the average price of under-construction properties across major cities in India?
The average price for under-construction properties across major cities in India stands at INR 12,064 per square foot (psf) in Q4 2024.
What is the role of Magicbricks in the Indian real estate market?
Magicbricks is one of India’s leading online real estate platforms, providing comprehensive property listings, market research, and analytics, offering valuable insights to developers, investors, and homebuyers.
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