Property

According to ANAROCK data, city saw 7% drop in number of homes sold between April and September 2024 compared to the same period last year

In an insightful Q&A interview, Mr. Deepak Patkar, MD & CEO, SMFG Grihashakti shed light on how the company’s growth strategy is anchored in affordable housing, particularly in semi-urban India, where increased infrastructure development has fueled the demand for homeownership

The report documents that the number of registrations stood at 6,439, marginally dropped  by 1 per cent YoY, compared to 6,493 last August.

According to Anarock Research, rental values in Hyderabad's key micro-markets have increased substantially between the end of 2021 and H1 2024.

A few managements are even being forced to issue public statements stating that their properties were not in such encroached or illegal areas

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.

Some of the leading financial institutions participate in the property show offering the best schemes on home loans for prospective buyers, a press release said.

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

The residential real estate market in Hyderabad experiences steepest quarter-on-quarter (QoQ) decline in housing sales, with a 36 per cent drop in second quarter of 2024.

According to the latest data from Anarock's 'Homebuyer Sentiment Report' for the second half of 2023 (July-December), the demand for larger homes is on the rise, marking a significant departure from previous trends.

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

This marks the highest monthly registrations for the year, boasting a 15 per cent Year-on-Year (YoY) rise and a 16 per cent month-on-month (MoM) increase.

Buyer behavior in Hyderabad has undergone a significant change, marked by an impressive 84% increase in the demand for ready-to-move-in (RTMI) properties.

The report predicts a further strengthening of the housing market by the end of 2023, driven by an anticipated surge during the festive season.

According to the latest report by Vestian, one of India's leading real estate consultants, Hyderabad saw a remarkable 270 per cent increase in the absorption of office space, reaching 3.7 million square feet.

City exhibited a robust 17.71 per cent YoY growth in transactions for office spaces exceeding 100,000 square feet, reinforcing its position as a dynamic business hub in India

Hyderabad has emerged as the go-to destination for luxury housing in India, surpassing all other cities in the country

The city has seen a sharp decline in the sales of affordable homes during Q3 2023, spanning from July to September

The number of residential property registrations in the city experienced 3 per cent year-on-year increase this June

The report revealed that the weighted average price of residential properties across eight key cities in India reached Rs 7,000-7,200 per square foot during the April-June period, reflecting a 6 per cent increase compared to the same period last year.

The region emerges new engine for growth; 91% increase in buyers: report

Hyderabad's thriving economy, coupled with its rich cultural heritage, makes it one of the most sought-after cities for real estate investments.

The real estate sector spearheaded non-technology industries, witnessing a 21 per cent upswing in recruitment compared to April 2022

The locations of Gachibowli, Miyapur, and Kondapur witnessed the highest residential demand due to their proximity to the Outer Ring Road and major employment hubs