"hyderabad-real-estate"

Hyderabad real estate, which exhibited a rare resilience while withstanding the stress and strain of factors such as global financial crisis and Covid pandemic that left many major cities reeling, now seems to be stumbling badly

Since its inception in 1997, evolving from the Builders Forum with 28 members to CREDAI Hyderabad with 330 members, the organization has been instrumental in driving positive changes in the city's urban development. The occasion also saw the honoring of its founder members.

Sales of properties priced at Rs 4 crore and above dropped sharply to 200 units in Q3 2024, down from 630 in the same period last year - a staggering 68 per cent decline.

Anarock’s report reveals that a total of 25 ultra-luxury homes were sold across major Indian cities, including Mumbai, Hyderabad, Gurugram, and Bengaluru, during January-August.

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 city's affordability ratio, which compares the EMI to income, stood at 30 per cent in the first half of 2024, maintaining the same level as in 2023.

Hyderabad appears to be dropping out of realty radar with a drastic drop in sales, which Anarock data puts at 23 per cent.

The buzz over real estate prospects in Hyderabad gathered steam as TDP chief and Andhra Pradesh CM designate N Chandrababu Naidu declared Amaravathi as the State capital.

The registrations were predominantly for apartments in the size range of 1,000 to 2,000 square feet, constituting 70 per cent of all registrations.

The son of Revenue Minister Ponguleti Srinivas Reddy’s brother Prasad Reddy got married with the daughter of P. Mahinder Reddy, brother of BRS MLC P Venkat Rami Reddy, in Bahrain on Wednesday, Vasanta Panchami, a day considered auspicious.

This represents a marginal decline of 1 per cent compared to the previous year.

The total value of properties registered during the month stood at Rs. 3,279 crore, which is higher by 24% YoY, indicating a movement towards sale of higher value homes.

Compared to same period last year, the value of homes sold had gone up considerably in the first nine months of year 2023.

The city's expansion in the technology sector and industrialization has become a catalyst for the proliferation of residential development, notably in proximity to key office micro-markets such as the IT Corridor and Extended IT Corridor in the western part of Hyderabad.

Buoyed by robust housing demand, this surge signifies a significant shift in the city's real estate landscape.

This accomplishment highlights the city’s prominence, as not just one but five of its bustling high streets have secured places among the nation’s top 30 high street markets.

As work routines return to normal and individuals seek closer proximity to their workplaces, rental prices have started to soar.

Even as Hyderabad real estate continues to exude positive vibes, the demand for luxury housing in the city and suburbs has picked pace in the recent years.

Rs. 100.75 crore is the highest price ever recorded in the history of Telangana.

With its fundamentals remaining strong and driven by a sustained positive demand, Hyderabad real estate market has been evolving with newer narratives in the last few years.