Hyderabad’s residential real estate market continues to demonstrate resilience, posting robust performance in the September quarter. Despite a slight sequential dip, the city recorded a 7% annual growth in registered residential transactions during the July-September 2024 period, as reported by Square Yards. A total of 19,527 transactions were recorded in the IGR, as compared to 18,314 in same period last year.
In the September 2024 quarter, the total registered sales value surged to Rs. 11,718 crore, representing a 20% year-on-year increase. The average registered home sales value in Hyderabad reached Rs. 60 lakh, reflecting a 13% annual growth during the quarter.
Aparna Constructions and Estates maintained its leadership in Hyderabad’s residential market, recording the highest number of transactions with 625 units sold, amounting to Rs. 510 crore. Notably, branded developers such as Prestige and Brigade have entered the top-10 developer list in recent quarters and have sustained their positions. Prestige Group secured the second spot, achieving a sales value of Rs. 334 crore across 214 residential transactions.
Both Aparna Constructions and Prestige experienced strong demand for projects offering excellent connectivity to the Outer Ring Road (ORR), including Aparna Zenon in Khajaguda and Prestige Tranquil in Kokapet. These projects were the top performers in the September quarter, leading in both transaction volume and sales value in Hyderabad.
Hyderabad continues to see growth in its mid-to-high price segment, with the share of properties valued at Rs. 1 crore and above rising to 13% in the September 2024 quarter, up from 9% in the same period last year. Within this segment, homes priced between Rs. 1–2 crore held the largest share at 11%, marking an increase from 7% during the July-September 2023 period.
The city’s homebuyers remain inclined towards larger homes, with the highest volume of transactions (44%) falling within the 1,000–1,500 sq. ft. range. Notably, properties sized between 1,500–3,000 sq. ft. accounted for the second-largest share of 37% of total transactions, up from 31% last year, as demand for 3 BHK and above configurations continues to rise.
Hyderabad's micro-market trends reveal that the Western suburbs remain the most active region, accounting for 45% of registered transactions in the September quarter. Hyderabad East followed distantly with a 17% share. In terms of sales value as well, the Western micro-market led with a dominant 56% share, while the Eastern and Central suburbs captured 12% and 11%, respectively. The Western suburbs also recorded the highest average transaction value at Rs. 76 lakhs, outperforming the Central suburbs.
A closer analysis reveals that activity in Hyderabad’s western suburbs, once concentrated around HITEC City, has progressively expanded outward towards the Nehru Outer Ring Road (ORR) which offers seamless connectivity not only to the city's IT hubs but also to Hyderabad's international airport. The availability of sizeable land parcels, coupled with excellent infrastructure and the upcoming commercial/ IT hub of Kokapet Neopolis, has significantly increased interest from developers, investors and end-users.
