Housing Sales

• 49% Growth in 2023: Hyderabad experienced a significant 49% surge in housing sales.
• Five-Year High in 2024: The first half of 2024 saw a five-year high in housing sales value.
• 58% Drop in New Units: Despite the boom, new housing units saw a 58% drop in April–June 2024

Property Prices

• Kokapet’s 89% Growth: Property prices in Kokapet skyrocketed by 89% over the last five years.
• City-Wide Increase: Between 2019 and H1 2024, property prices in Hyderabad rose by 64%, outpacing Bengaluru’s 57% increase.

Rental Market

• 30% Rise in Rentals: Local brokers report at least a 30% increase in rental prices since 2023.

Office Leasing

• 12.16 Million Sq. Ft. Absorption: In Q3 FY24, seven cities, including Hyderabad, witnessed a total net absorption of 12.16 million square feet of office space.

Tri R Developments

• Upcoming Zones: North and South zones of Tri R are set to start in October 2024.
• Land Acquisition: Over 4,750 acres of land are planned to be acquired for the project.

Additional Insights:

• Infrastructure Growth: Upcoming infrastructure projects like the expansion of metro lines and improved road networks are expected to further boost real estate demand.
• Green Spaces and Sustainability: There’s a rising demand for sustainable housing projects and green spaces in prime localities, catering to eco-conscious buyers.
• Luxury Segment: High-end luxury apartments are also seeing a rise in demand, especially in areas like Gachibowli and Financial District.

These key updates showcase Hyderabad’s dynamic real estate market, blending high growth with shifting trends across housing, rentals, and office spaces.

source: www.sahasraproperties.co.in