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 Rs 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.
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. The total value of properties transacted in April 2022, however, stood at Rs 2,767 crore, an increase of 10 per cent from last year.
Of all residential sales in April, houses in the price band of Rs 25–50 lakh constituted about 53 per cent. The demand for properties under the Rs 25-lakh mark has weakened to a share of 17 per cent