40% Increase in Property Registrations in Hyderabad

Introduction

According to the latest report by Knight Frank India, property registrations will increase in 2024. In the first four months of 2024, there were 26,027 property registrations in Hyderabad. The real estate sector is booming due to these property registrations which are increasing day by day. They have seen a 40% YOY increase in total value compared to last year.

Table of Contents

• Increase in Property Registrations in April 2024
• Trend Toward Higher-Value Housing
• Ticket-Size Share of Registrations
• More Offers in the Residential Market in Hyderabad
• District Wise Share of Registrations

There were 26,027 Property Registrations in Hyderabad in the first four months (January to April) of 2024. That means total assets worth Rs. 16,190 crores. It has experienced a 15% increase in the number of registrations year-on-year (YoY). But it represents a 40% YOY increase in total value compared to last year. The increase in 2024 registrations was driven by higher-value homes. Especially Rs. 1 crore and above houses, which saw a year-on-year growth of 92%.

Mid-segment homes priced between Rs. 50 lakhs and Rs. 1 crore grew by 47% YoY. Overall, the value of registered houses increased in all categories. This indicates a shift towards expensive assets. The surge in registrations for higher-value homes suggests a growing demand for luxury properties among buyers. This trend may be indicative of an evolving real estate market with an increasing preference for upscale housing options.

Increase in Property Registrations in April 2024

In April 2024, the total residential property registrations reached 6,578 units. Marking a 46% YoY increase compared to the same period last year. This surge in registrations can be attributed to the government’s incentives for first-time homebuyers and the low interest rates offered by financial institutions. The value of these assets stood at Rs. 4,260 crores, representing a 46% YoY increase. It also shows 86% YoY growth.

The Hyderabad residential market has four districts, namely Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy. These cover home sales for the primary and secondary real estate markets. Each district offers a variety of housing options. Ranging from affordable apartments to luxury villas. They cater to different budgets and lifestyle preferences. These districts are experiencing growth due to infrastructure development and increasing demand for residential properties in the area.

• Registration in Hyderabad: Volume Split (No. of units)

Trend Toward Higher-Value Housing

In Hyderabad, a marked trend towards high-value housing continues. This reflects the increase in registrations of properties priced above Rs 50 lakh. After observation, there was a 4% decline in registrations of houses worth less than 50 lakhs. However, registrations of houses priced above Rs 1 crore increased by 92%, though comparatively low.

The overall increase in registration values ​​across all segments is particularly impressive. This indicates a shift towards luxury housing in Hyderabad. The home buyers are showing a preference for higher-end properties. The real estate market in the city seems to be evolving to cater to this growing demand for premium housing options.

• Ticket size, volume split (number of units) of registrations in Hyderabad

• Registration Value Split (in Rs cr)

Ticket-Size Share of Registrations

The ticket-size share of registrations has been steadily increasing over the past year. Indicating a growing interest in higher-priced events. This trend suggests that attendees are willing to invest more in experiences that offer greater value or exclusivity.

More Offers in the Residential Market in Hyderabad

Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, “Like many other parts of India, the residential market in Hyderabad offers spacious lots and premium amenities. sees a marked shift towards high-end housing. Since the start of the pandemic, prices have risen steadily. This trend continued until April 2024. This is because home buyers consistently prefer higher-value properties.

Leading to increased demand and subsequently driving up prices in the real estate market. Low interest rates and limited inventory have also contributed to the upward trend in housing prices. Overall, the combination of these factors has created a competitive market for home buyers. Making it challenging for many to find affordable housing. As a result, experts predict that the trend of rising prices may continue in the near future.

• Unit size share of registrations

District Wise Share of Registrations

At the district level, Rangareddy emerged as the leading contributor to registrations in April 2024. Capturing 45% of the market, Rangareddy district’s high registration numbers can be attributed to its strategic location and robust infrastructure. Making it an attractive choice for businesses and investors.

The district’s proactive approach towards economic development and ease of doing business initiatives have also played a significant role in its success. The percentage of registrations has increased significantly compared to 39% registered in April 2023. Medchal-Malkajigiri and Hyderabad districts accounted for 39% to 16% of the total registrations respectively.

Conclusion

In the first four months of 2024, there were 26,027 property registrations in Hyderabad. This indicates a strong real estate market in the city. With a high demand for properties during this period. It also reflects the growing interest of investors and homebuyers in Hyderabad’s real estate sector. The increase in property registrations suggests a positive economic outlook for the city. For mor information, visit openplot.

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