{"id":938084,"date":"2024-11-09T11:28:29","date_gmt":"2024-11-09T05:58:29","guid":{"rendered":"https:\/\/www.squareyards.com\/blog\/?p=938084"},"modified":"2024-11-09T11:28:29","modified_gmt":"2024-11-09T05:58:29","slug":"hyderabad-real-estate-soars-7-percent-growth-in-transactions-sales-value-up-by-20-percent-in-q3-2024","status":"publish","type":"post","link":"https:\/\/www.squareyards.com\/blog\/hyderabad-real-estate-soars-7-percent-growth-in-transactions-sales-value-up-by-20-percent-in-q3-2024","title":{"rendered":"Hyderabad\u2019s Real Estate Soars: 7% Growth in Transactions, Sales Value Up by 20% in Q3 2024"},"content":{"rendered":"

Hyderabad’s Housing Market Heats Up: Is Now the Right Time to Buy?<\/i><\/b><\/p>\n

Hyderabad, the capital of Telangana, is experiencing a significant upsurge in its real estate market, particularly in the residential segment. According to a recent report by <\/span>Square Yards<\/i><\/b>, a leading proptech platform, the city witnessed a 20% year-on-year increase in sales value and a 7% growth in transactions during the September quarter. This hot streak has many people wondering if now is the right time to buy a home in Hyderabad.<\/span><\/p>\n

Commenting on this positive trend, <\/span>Debayan Bhattacharya<\/i><\/b>, Principal Partner and Sales Director at Square Yards<\/a>, said, <\/span>\u201cBuyers are prioritising convenience and connectivity and are willing to pay a premium for it. Established areas like Gachibowli and Madhapur, as well as emerging localities like Kokapet and Narsingi near the Outer Ring Road (ORR), are seeing heightened residential activity due to excellent connectivity to both the airport and Hyderabad’s IT hubs.\u201d<\/i><\/b><\/p>\n

Notable Insights from the Q3 2024 Report<\/h2>\n

The report reveals that Hyderabad recorded 19,527 residential transactions in Q3 2024, marking a year-on-year increase from 18,314 transactions in the same quarter last year. The registered sales value reached \u20b911,718 crore, reflecting the city\u2019s strengthening real estate market. In Particular, the average home sales value rose to \u20b960 lakh, a 13% increase, pointing to buyers’ growing preference for mid-to-high price segment properties.<\/span><\/p>\n\n\n\n\n\n\n\n
Metric<\/b><\/td>\nQ3 2024 Growth<\/b><\/td>\n<\/tr>\n
Transaction Volume<\/span><\/td>\n7%<\/span><\/td>\n<\/tr>\n
Sales Value<\/span><\/td>\n20%<\/span><\/td>\n<\/tr>\n
Top Areas<\/span><\/td>\n\n
    \n
  • Gachibowli<\/span><\/li>\n
  • Madhapur<\/span><\/li>\n
  • Kokapet<\/span><\/li>\n
  • Narsingi<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Sales in \u20b91\u20132 Crore Segment<\/span><\/td>\nIncreased to 11%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Key Aspects That Influence Hyderabad\u2019s Real Estate Growth<\/h2>\n

Several factors fuel Hyderabad\u2019s real estate growth, from a growing IT sector to rising demand for spacious homes.<\/span><\/p>\n\n\n\n\n\n\n\n
Key Drivers<\/b><\/td>\nDetails<\/b><\/td>\n<\/tr>\n
Tech-Driven Demand<\/span><\/td>\nHyderabad\u2019s IT sector, especially in HITEC City, draws professionals who want homes close to workplaces. New hubs like Kokapet Neopolis are adding to the city\u2019s appeal.<\/span><\/td>\n<\/tr>\n
Western Suburb Popularity<\/span><\/td>\nAreas like Kokapet, Narsingi, and Puppalguda are booming due to ORR connectivity, offering access to IT hubs and the airport.<\/span><\/td>\n<\/tr>\n
Market Share of Western Suburbs<\/span><\/td>\n\n
    \n
  • 45% of all home transactions in Q3 2024<\/span><\/li>\n
  • 56% of total sales value in the September quarter<\/span><\/li>\n
  • Average transaction value: \u20b976 lakh<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Preference for Larger Homes<\/span><\/td>\n\n
    \n
  • 44% of transactions in the 1,000-1,500 sq. ft. range<\/span><\/li>\n
  • Demand for 3 BHK and larger homes is rising<\/span><\/li>\n
  • Homes sized 1,500-3,000 sq. ft. represent 37% of sales, up from 31% last year.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Key Players Shaping Hyderabad\u2019s Real Estate Market<\/h2>\n

    In the recent quarter, Hyderabad\u2019s residential market saw leading developers solidifying their positions by delivering high-value transactions. <\/span>Aparna Constructions and Estates<\/i><\/b> took the lead with 625 units sold, generating \u20b9510 crore sales. Prestige Group followed closely, with a sales value of \u20b9334 crore from 214 transactions.<\/span><\/p>\n

    Other top performers include:<\/span><\/i><\/p>\n

      \n
    • Brigade Group: <\/b>Known for consistently ranking among Hyderabad\u2019s top developers, meeting demand for premium homes.<\/span><\/li>\n
    • Prestige Group<\/b>: Ranked second, with a sales value of \u20b9334 crore across 214 residential transactions, Prestige Group continues to be a significant player due to strategic locations near the ORR and IT hubs.<\/span><\/li>\n<\/ul>\n

      The Road Ahead: Growth to Continue<\/h2>\n

      Given Hyderabad’s favourable housing conditions, the analysis depicts the positive trends observed this quarter and will carry into the next. The Square Yards report highlights buyer behaviour of buyers increasingly drawn to larger, higher-priced homes, with properties priced at \u20b91 crore and above now comprising 13% of sales, up from 9% last year. Stats have shown that spacious homes (1,000\u20131,500 sq. ft.) accounted for 44% of transactions, while demand for even larger homes (1,500\u20133,000 sq. ft.) has grown to 37%, driven by a preference for 3 BHK and larger layouts.<\/span><\/p>\n

      As Bhattacharya puts it, <\/span>\u201cHyderabad is on a path of sustained growth, and we are excited to see how this dynamic market evolves. The Q3 2024 report underscores Hyderabad\u2019s status as a powerhouse in Indian real estate. With its flourishing economy, strategic location, and strong demand for housing, the city is expected to continue climbing.\u201d<\/i><\/b><\/p>\n

      Read more through the links below to uncover the key trends and market leaders driving this growth:<\/p>\n

      Hindustan Times –<\/strong> https:\/\/bit.ly\/3AttUIn
      Realty+ –<\/strong> https:\/\/bit.ly\/3YV9vVL
      CNBC-TV18 –<\/strong> https:\/\/bit.ly\/40y440o
      Press Trust of India –<\/strong> PTI – https:\/\/bit.ly\/4fjiUfE
      NewsDrum –<\/strong> https:\/\/bit.ly\/48IOhh9
      The Siasat Daily –<\/strong> https:\/\/bit.ly\/4fhTfUy
      AbnAndhrajyothy –<\/strong> https:\/\/bit.ly\/48DrDab<\/p>\n

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      Published Date<\/strong>: 5 Nov, 2024<\/p>\n<\/article>\n<\/article>\n<\/article>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

      Hyderabad’s Housing Market Heats Up: Is Now the Right Time to Buy? Hyderabad, the capital of Telangana, is experiencing a significant upsurge in its real estate market, particularly in the residential segment. According to a recent report by Square Yards, a leading proptech platform, the city witnessed a 20% year-on-year increase in sales value and […]<\/p>\n","protected":false},"author":128,"featured_media":938085,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[234],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/938084"}],"collection":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/users\/128"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/comments?post=938084"}],"version-history":[{"count":1,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/938084\/revisions"}],"predecessor-version":[{"id":938087,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/938084\/revisions\/938087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media\/938085"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media?parent=938084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/categories?post=938084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}