Knight Frank India, a real estate consultancy company, has said that the aggregate value of all properties (24,797 units) registered in Hyderabad from January to April of 2022 stood at ₹11,998 crore.
The Hyderabad residential market consists of four districts — Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy.
“While the rise in prices led by increased construction cost has impacted the more price-sensitive category, higher segments have seen limited impact, keeping the market buoyant and vibrant,” Shishir Baijal, Chairman and Managing Director of Knight Frank, said in a statement on Tuesday.
“Factors like security of employment, growth in household incomes and savings, as well as comfortable home loan rates continue to drive end-users to home purchase,” he said.
Registration numbers decline
Hyderabad has reported sale registrations of 5,331 properties in April 2022, a decline of about 10 per cent over the same month last year.
The total value of properties transacted in April 2022, however, stood at ₹2,767 crore, an increase of 10 per cent from last year.
Of all residential sales in April, houses in the price band of ₹25–50 lakh constituted about 53 per cent. The demand for properties under the ₹25-lakh mark has weakened to a share of 17 per cent.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.