Hyderabad’s Real Estate Market Thrives with Growth and Opportunity in 2024

Hyderabad’s residential real estate market is thriving, showing impressive growth in both transaction numbers and sales value. Despite a slight dip compared to the previous quarter, the city’s real estate sector posted a strong 7% year-on-year growth in registered residential transactions during the July-September 2024 period. Key factors like the expanding IT sector, excellent connectivity, and growing demand for premium properties have made Hyderabad one of India’s most resilient housing markets.

The Western suburbs, including Kokapet and Narsingi, lead the market with the highest transaction volumes and average sales values due to their proximity to IT hubs and the ORR. Demand for larger homes and properties in the Rs. 1 crore+ range has surged, reflecting buyer preference for premium, well-connected areas. Developers like Aparna Constructions and Prestige Group are meeting this demand with top-performing projects, sustaining growth in the sector.

Below is the overview of Hyderabad's residential real estate market, which saw a 20% increase in sales value and a 7% growth in transactions during the third quarter.

Hyderabad’s real estate market is on a growth trajectory, driven by strong demand from IT professionals, excellent infrastructure, and a steady pipeline of premium projects. As the city expands outward along major roadways, areas like Kokapet and Narsingi continue to attract developers and homebuyers alike. With a promising future ahead, Hyderabad remains a top destination for residential investments, offering growth opportunities for developers and value for buyers.

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