Hyderabad sees registration of homes worth Rs 22.37 bn in Oct

11 Nov 2022 CW Team

Hyderabad recorded registration of 4,597 units of residential property in October 2022, with the total value of properties registered at Rs 22.37 billion, according to Knight Frank India.

Since the beginning of the year, the city has seen registration of 56,003 residential units with a total value of Rs 275.09 billion, it said.

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

Shishir Baijal, chairman and managing director, Knight Frank India, said, “The rise in home loan interest rate in the last three quarters along with strong headwinds caused by the global geo-political tensions has started affecting the consumers. The Hyderabad market is also impacted, though it continues to remain appealing, and demand for larger homes remains promising.

“The city, which saw a significant rise in demand until mid of 2022, has seen a drop in registration in October 2022. While the lower ticket segment is affected, we expect that the higher value homes will continue to see momentum in the coming months, keeping the outlook for the city optimistic.”

Residential units in the price band of Rs 2.5-5 million constituted 51% of the total registrations in October 2022, which is an increase from 40% in October 2021. Demand in the under Rs 2.5 million ticket size however weakened, with its share constituting 22% compared to 35% a year ago.

Greater demand for larger ticket size homes remained evident as the cumulative share of sales registrations for properties with ticket sizes of Rs 5 million increased to 27% in October 2022 from 25% in October 2021.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..