Real Estate: Unexpected Surge In Hyderabad's Luxury
In a surprising trend, Hyderabad has emerged as a strong contender in India’s ultra-luxury real estate market for 2024, closely trailing behind Mumbai and the National Capital Region (NCR). The total sales value of homes priced above Rs100 billion across major Indian cities reached an astounding Rs 530 billion this calendar year. Mumbai Metropolitan Region (MMR) led the segment with 928 units sold, followed by NCR (Delhi/Gurgaon) with 795 units. Remarkably, Hyderabad recorded 689 units sold, highlighting the city’s growing appetite for ultra-luxury living. This surge speaks about the robust economic growth and increasing purchasing power among Hyderabad’s affluent class. Despite market fluctuations, the demand for premium properties remains strong, signaling a shift in luxury real estate dynamics beyond traditional hubs like Mumbai and Delhi.
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