Kokapet: The Emerging Real Estate Hotspot in India
Kokapet in Hyderabad has become the second top-performing real estate market in India with an 89% increase in residential prices over the past five years.
Real EstateHyderabadKokapetBachupallyTellapurAnarock ResearchReal Estate NewsAug 26, 2024
During this period, Kokapet added approximately 12,920 new residential units to the market. The ultra-luxury segment, with properties priced above 2.5 crore, accounted for a substantial 52% of this new supply. Another 30% of the supply was in the mid and premium segments, while 19% fell within the luxury price bracket of 1.5 to 2.5 crore.
Bachupally, another key locality in Hyderabad, also demonstrated significant growth, with property prices increasing by 57% over the last five years. Average prices rose from 3,690 per square foot in 2019 to 5,800 per square foot in H1 2024. The area’s appeal has been driven by its strong mid-premium segment offerings, which have attracted a wide range of homebuyers.
Tellapur also saw notable price appreciation, with a 53% jump from 4,819 per square foot in 2019 to 7,350 per square foot in H1 2024. The locality added approximately 18,960 new units during this period, with a significant portion (66%) in the mid and premium segments and 34% in the luxury category.
About ANAROCK Research ANAROCK is a leading real estate services company that provides research, consulting, and transaction services to clients across India. With a team of experienced professionals, ANAROCK provides comprehensive solutions to clients looking to buy, sell, or lease properties.
Information Hyderabad has been one of the fastest-growing cities in India, with a thriving IT industry and a growing population. The city's real estate market has seen significant growth in recent years, with areas like Kokapet, Bachupally, and Tellapur emerging as popular destinations for homebuyers.
ANAROCK Research is a leading real estate research firm that provides comprehensive data and insights on the Indian real estate market. With a team of experienced professionals, ANAROCK provides research reports, market analysis, and consulting services to clients across India.
Frequently Asked Questions
What is the current price per square foot in Kokapet?
The current price per square foot in Kokapet is 9,000.
What is the percentage increase in residential prices in Kokapet over the past five years?
89%
What is the average price per square foot in Bachupally?
5,800
What is the percentage increase in residential prices in Tellapur over the past five years?
53%
What is the name of the research firm that provided the data on the Hyderabad real estate market?
ANAROCK Research
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