Hyderabad residential sales records growth at 18%

10 Aug 2021 CW Team

Accounting for an 18% share across the top seven cities of India, Hyderabad has witnessed growth in residential sales in the first half of 2021, which is from January to June.

The launch of the Telangana State Building Permission Approval & Self Certification System, an integrated platform, has been witnessed by the State for seeking several approvals to develop land and construct buildings through a self-certification system in 21 days.

According to CBRE South Asia, the Telangana government also proposed a 50% rebate on property tax for FY21, which is expected to increase housing sales.

Property rates have increased at a CAGR of 1 to 6% across the high-end residential segment and at around 2 to 7% across the mid-segment since 2010, with Bengaluru, Pune, and Hyderabad reporting an increase at the higher end of the range.

The recovery proceeded in H1 2021 in Pan-India, as sales reported more than 75% growth on a yearly basis. The sales activity of Pune was nearly 26% share, followed by Mumbai with 19%, followed by Delhi-NCR and Hyderabad with 18% and 17% shares, respectively.

In its recent report, Residential Real Estate in India – Challenges and Future-Proofing Strategies for Developers, CBRE South Asia said the report states that the residential segment was showing good signs of recovery on the back of policies the Central and the State governments and the RBI announced, along with the incentives provided by the developers.

The per capita GDP increased at a CAGR of 4% between 2010 and 2020, while the property prices grew at a CAGR of 1 to 6% across high-end segments and around 2 to 7% across mid-segment since 2010.

Additionally, the GDP per capita increase was above the national average for the top seven cities. Therefore, the growth of the income crossed the rise in the property prices, further contributing to housing affordability.

Image Source

Also read: Housing sales notes 75% growth in H1 2021: CBRE South Asia

Accounting for an 18% share across the top seven cities of India, Hyderabad has witnessed growth in residential sales in the first half of 2021, which is from January to June. The launch of the Telangana State Building Permission Approval & Self Certification System, an integrated platform, has been witnessed by the State for seeking several approvals to develop land and construct buildings through a self-certification system in 21 days. According to CBRE South Asia, the Telangana government also proposed a 50% rebate on property tax for FY21, which is expected to increase housing sales. Property rates have increased at a CAGR of 1 to 6% across the high-end residential segment and at around 2 to 7% across the mid-segment since 2010, with Bengaluru, Pune, and Hyderabad reporting an increase at the higher end of the range. The recovery proceeded in H1 2021 in Pan-India, as sales reported more than 75% growth on a yearly basis. The sales activity of Pune was nearly 26% share, followed by Mumbai with 19%, followed by Delhi-NCR and Hyderabad with 18% and 17% shares, respectively. In its recent report, Residential Real Estate in India – Challenges and Future-Proofing Strategies for Developers, CBRE South Asia said the report states that the residential segment was showing good signs of recovery on the back of policies the Central and the State governments and the RBI announced, along with the incentives provided by the developers. The per capita GDP increased at a CAGR of 4% between 2010 and 2020, while the property prices grew at a CAGR of 1 to 6% across high-end segments and around 2 to 7% across mid-segment since 2010. Additionally, the GDP per capita increase was above the national average for the top seven cities. Therefore, the growth of the income crossed the rise in the property prices, further contributing to housing affordability. Image Source Also read: Housing sales notes 75% growth in H1 2021: CBRE South Asia

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Equipment

10 Mar 2026

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

Equipment

10 Mar 2026

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..