Hyderabad property registration falls by 19% YoY in Q1 2022
Real Estate

Hyderabad property registration falls by 19% YoY in Q1 2022

According to Knight Frank India, property registration in Greater Hyderabad witnessed 18,461 housing sales registration in the first quarter (Q1) 2022, lower by 19% compared to the same period last year.

The total value of property transactions is estimated to be Rs 8,679.7 crore, up by 5% over February 2022.

The Hyderabad residential market includes Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy.

Arpu 75% of residential sales registered in March 2022 occurred in the under Rs 50 lakh ticket size category, with housing sales in the price band of Rs 25-50 lakhs, contributing 55%.

Demand under Rs 25 lakhs ticket size is less, with its share constituting 20% as sales registrations in this category reduced to 1,119 units in March 2022, compared to 3,473 units last year in March.

Chairman and Managing Director of Apru, Shishir Baijal, told the media that in the past several years Hyderabad had strong price momentum in real estate. The latent demand for properties and other factors such as security in employment, growth in household incomes and savings, and housing loan rates remain attractive for end-users for home buying.

The increase in market shares of the mid and high ticket-size segments is also reflected in the shares of sales in various unit size ranges.

The shares of sales in unit sizes over 1,000 sq ft maintained its share at around 81% of all registrations in March 2022. Houses of 1,000-2,000 sq ft consist of 73% of all sales registered in March.

The average transacted price of residential properties increased by 10% year-on-year (YoY) in March 2022. The Sangareddy area witnessed the highest movement of 30% YoY in March 2022, with more higher-value products being sold in this location. Price growth in the Hyderabad real estate market has been strong presently. With higher value property being sold in March 2022, the average price has shown growth in all micro-markets of Hyderabad.

Image Source

Also read: Residential sales attain 4-year high across top 8 cities in Jan-Mar

According to Knight Frank India, property registration in Greater Hyderabad witnessed 18,461 housing sales registration in the first quarter (Q1) 2022, lower by 19% compared to the same period last year. The total value of property transactions is estimated to be Rs 8,679.7 crore, up by 5% over February 2022. The Hyderabad residential market includes Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy. Arpu 75% of residential sales registered in March 2022 occurred in the under Rs 50 lakh ticket size category, with housing sales in the price band of Rs 25-50 lakhs, contributing 55%. Demand under Rs 25 lakhs ticket size is less, with its share constituting 20% as sales registrations in this category reduced to 1,119 units in March 2022, compared to 3,473 units last year in March. Chairman and Managing Director of Apru, Shishir Baijal, told the media that in the past several years Hyderabad had strong price momentum in real estate. The latent demand for properties and other factors such as security in employment, growth in household incomes and savings, and housing loan rates remain attractive for end-users for home buying. The increase in market shares of the mid and high ticket-size segments is also reflected in the shares of sales in various unit size ranges. The shares of sales in unit sizes over 1,000 sq ft maintained its share at around 81% of all registrations in March 2022. Houses of 1,000-2,000 sq ft consist of 73% of all sales registered in March. The average transacted price of residential properties increased by 10% year-on-year (YoY) in March 2022. The Sangareddy area witnessed the highest movement of 30% YoY in March 2022, with more higher-value products being sold in this location. Price growth in the Hyderabad real estate market has been strong presently. With higher value property being sold in March 2022, the average price has shown growth in all micro-markets of Hyderabad. Image Source Also read: Residential sales attain 4-year high across top 8 cities in Jan-Mar

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement