Hyderabad sees surge in luxury housing: NAREDCO Chief
Real Estate

Hyderabad sees surge in luxury housing: NAREDCO Chief

The housing market in Hyderabad, similar to many other places in India, is witnessing a notable trend towards luxurious homes featuring spacious layouts and high-quality amenities. The ongoing rise in property prices throughout 2024 and the changing market dynamics.

Implementation of unlimited floor area ratio (FAR), government policies, and regulations have impacted the property market in Hyderabad. The real estate sector in Hyderabad has experienced significant growth, credited to the government's focused efforts on infrastructure development and the expansion of industries, particularly in IT, ITES, and pharmaceutical sectors. The removal of the FAR cap has enabled developers to effectively cater to the increasing demand. Notably, several major projects in the city now provide more open spaces and larger living areas compared to other cities, leading to substantial growth in Hyderabad's property market.

According to recent property registration data, approximately 85% of residential flats registered in the city during the first four months of 2024 have a size of 1000 sq ft or larger. Conversely, there has been a decline in demand for flats below 1000 sq ft on a year-on-year basis. Despite this trend, property prices in Hyderabad remain relatively affordable compared to cities like Mumbai, partly due to the value-for-money proposition offered by developers in terms of larger flat sizes and enhanced amenities.

The housing market in Hyderabad, similar to many other places in India, is witnessing a notable trend towards luxurious homes featuring spacious layouts and high-quality amenities. The ongoing rise in property prices throughout 2024 and the changing market dynamics. Implementation of unlimited floor area ratio (FAR), government policies, and regulations have impacted the property market in Hyderabad. The real estate sector in Hyderabad has experienced significant growth, credited to the government's focused efforts on infrastructure development and the expansion of industries, particularly in IT, ITES, and pharmaceutical sectors. The removal of the FAR cap has enabled developers to effectively cater to the increasing demand. Notably, several major projects in the city now provide more open spaces and larger living areas compared to other cities, leading to substantial growth in Hyderabad's property market. According to recent property registration data, approximately 85% of residential flats registered in the city during the first four months of 2024 have a size of 1000 sq ft or larger. Conversely, there has been a decline in demand for flats below 1000 sq ft on a year-on-year basis. Despite this trend, property prices in Hyderabad remain relatively affordable compared to cities like Mumbai, partly due to the value-for-money proposition offered by developers in terms of larger flat sizes and enhanced amenities.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code