70% of Hyderabad Residential Sales in Northwest: CREDAI- CRE Matrix Report
The real estate market in northwest Hyderabad experienced substantial growth in 2024, emerging as the most active segment in the city. According to data released by CREDAI Hyderabad in collaboration with CRE Matrix, the city saw the sale of 65,177 residential units, amounting to a total transaction value of ₹1.13 lakh crore. The northwest region alone accounted for nearly 70% of these sales, solidifying its position as the primary hub for residential real estate activity.
The demand in northwest Hyderabad was driven by areas such as Madhapur, Miyapur, Manikonda, Serilingampally, Tellapur, Narsingi, Patancheru, and Gandi Maisamma. These locations recorded the sale of 45,405 residential units, generating a total value of ₹71,926 crore. The surge in sales in this part of the city is attributed to infrastructure development, improved connectivity, and the presence of IT hubs that continue to attract homebuyers. With a well-established commercial ecosystem, the region has seen sustained interest from both investors and end-users.
In comparison, other regions of Hyderabad witnessed relatively lower sales figures. Southwest Hyderabad, which includes localities like Katedan and Balapur, recorded 9,109 residential unit sales, amounting to ₹29,342 crore. Though this segment showed growth, it remained significantly behind northwest Hyderabad in terms of transaction volume and value. The northeast and southeast parts of the city registered even lower figures, reflecting a more subdued market presence. Northeast Hyderabad saw sales of 6,279 units, contributing to a total sales value of ₹7,147 crore, while the southeast region recorded 4,384 unit sales, totaling ₹5,522 crore.
The real estate market’s momentum in northwest Hyderabad can be linked to various factors. The presence of employment hubs, particularly in the IT sector, has made residential properties in this area highly sought after. The availability of modern amenities, better road networks, and social infrastructure has further fueled the demand. Additionally, ongoing projects and upcoming developments in the region have reinforced buyer confidence, leading to increased sales activity. Investors have also shown strong interest, anticipating further appreciation in property values over time.
Despite the dominance of northwest Hyderabad, the real estate sector in other parts of the city remains active, albeit at a slower pace. Southwest Hyderabad continues to attract buyers looking for relatively affordable options compared to the more premium pricing seen in the northwest. Similarly, the northeast and southeast regions offer residential choices for those seeking alternatives outside the primary growth corridors. While the demand in these areas is steady, it has yet to match the scale observed in the northwest.
The trends observed in 2024 indicate a clear shift in Hyderabad’s real estate market dynamics. With northwest Hyderabad leading in residential sales, it remains a focal point for future development and investment. The demand patterns suggest that buyers are prioritizing locations with strong connectivity and proximity to commercial zones. While other regions continue to grow, their rate of expansion remains comparatively modest.
