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
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora