Hyderabad's Residential Property Market Sees Unprecedented Growth Over 5 Years
Kokapet tops the list with an 89% increase in property prices, followed by Bachupally and Tellapur. Hyderabad's real estate market has seen remarkable growth over the last five years.
Hyderabad Real EstateResidential Property PricesKokapetBachupallyTellapurAnarock Research ReportReal EstateAug 26, 2024
Leading the charge is Kokapet, which experienced an impressive 89 per cent rise in residential property prices. In 2019, the average price in Kokapet was Rs 4,750 per sq. ft., which surged to Rs 9,000 per sq. ft. by the first half of 2024, the ANAROCK report said. This growth is largely driven by the area's attraction as a premium residential hub, with 52 per cent of new launches falling in the ultra-luxury segment, priced above Rs 2.5 crore.
Following Kokapet, Bachupally saw a 57 per cent increase in average property prices, rising from Rs 3,690 per sq. ft. in 2019 to Rs 5,800 per sq. ft. in H1 2024. Meanwhile, Tellapur recorded a 53 per cent hike, with prices going from Rs 4,819 per sq. ft. to Rs 7,350 per sq. ft. during the same period.
Overall, Hyderabad has witnessed the highest city-level price appreciation among India's top seven cities, with an average increase of 64 per cent between 2019 and H1 2024.
Meanwhile, the city has witnessed a substantial rise in new residential supply, particularly in key areas like Tellapur. Between 2019 and H1 2024, Tellapur saw the launch of 18,960 new units and average prices at Rs 7,350 per sq. ft. as of H1 2024, up from Rs 4,819 per sq. ft. in 2019 – rising by 53 per cent. Of the total new supply, 66 per cent was in the mid and premium segments, followed by 34 per cent in more than Rs 1.5 Cr bracket.
About ANAROCK
ANAROCK is a leading real estate consulting firm that provides expert advice and research reports on the Indian real estate market.
Frequently Asked Questions
What is the average price increase in residential property prices in Kokapet over the last five years?
89 per cent
Which area has seen the second-highest increase in average property prices in Hyderabad?
Bachupally, with a 57 per cent increase
What is the average increase in property prices in Hyderabad over the last five years?
64 per cent
How many new residential units were launched in Tellapur between 2019 and H1 2024?
18,960
What is the average price of residential property in Tellapur as of H1 2024?
Rs 7,350 per sq. ft.
Tags:
Related News Articles
Cyber Conmen Strike Again: Indore Real Estate Broker Loses ₹2.96 Lakh in Credit Card Scam
Two separate cases of cyber fraud reported in Indore, with a real estate broker losing ₹2.96 lakh and a man being duped of ₹2 lakh in a loan app scam.
Kangana Ranaut Sells Mumbai Bungalow Amid Emergency Row
Kangana Ranaut sells her Mumbai bungalow for ₹32 crore, according to property registration documents.
ED Raids 24 Locations in Maharashtra and Gujarat in Malegaon-Based Trader's Fake Bank Scam
The Enforcement Directorate (ED) has conducted widespread raids in key cities including Malegaon, Nashik, and Mumbai in Maharashtra, and Ahmedabad and Surat in Gujarat, as part of an investigation into a fake bank scheme run by a Malegaon-based trader. Th
Priyanka Chopra Sells Four Luxury Flats in Mumbai for ₹16 Crore
Bollywood star Priyanka Chopra has reportedly sold four luxury apartments in Mumbai for a staggering ₹16 crore. The properties, located in the bustling suburb of Andheri, have raised eyebrows and sparked curiosity about her real estate ventures.
Aaditya Thackeray Blasts Maha Govt for Handing Over Open Spaces to Realtors
Aaditya Thackeray, the leader of the Maharashtra Navnirman Sena, has strongly criticized the Maharashtra government for its decision to hand over open spaces, including the Mumbai Coastal Road, to real estate developers. Thackeray argues that this move wi
Vibe Realty Makes a Grand Entry into Pune with a Major Joint Development Project
Vibe Realty, a forward-thinking real estate development company, has made a significant mark in Pune by securing a joint development project of 1.03 million square feet. This move underscores the company's commitment to creating landmark properties that meet international standards.