Hyderabad’s real estate market is on a roll, witnessing a remarkable surge in home sales. According to a comprehensive report by Knight Frank India, the city has surpassed a significant milestone, recording over 54,000 home sales in the first half of 2024. This impressive figure translates to a collective value of more than ₹33,000 crore, underscoring the robust growth and investor confidence in Hyderabad’s property market.
The report attributes this surge to several factors, including affordable pricing, improved infrastructure, and the city’s growing reputation as a technology hub. Hyderabad’s strategic location, coupled with its burgeoning IT industry, has attracted a steady influx of professionals and businesses, driving demand for residential properties. Moreover, the city’s well-planned development and focus on providing quality infrastructure have enhanced its appeal as a desirable place to live and invest.
The report further highlights the increasing preference for mid-segment housing in Hyderabad. This segment, priced between ₹25-50 lakhs, has witnessed a significant surge in demand, accounting for a substantial portion of the overall sales volume. This trend reflects the changing dynamics of the city’s real estate market, as more buyers seek affordable yet comfortable housing options.
As Hyderabad continues to expand and evolve, the real estate market is expected to remain buoyant. The city’s strong fundamentals, coupled with the growing demand for housing, suggest that the upward trajectory of home sales is likely to persist. Investors and homebuyers alike are keeping a close eye on Hyderabad’s real estate market, anticipating further growth and opportunities in the coming months and years.
