Hyderabad's Residential Transactions Sustain Momentum in 2024
Real Estate

Hyderabad's Residential Transactions Sustain Momentum in 2024

The Hyderabad residential market continued to demonstrate resilience in 2024, with 75,512 residential transactions including apartments, plots and villas registered, marking a marginal increase compared to 74,495 transactions recorded in 2023, as per data from Square Yards. However, the value of registered home sales experienced a sharper growth, rising by 13 per cent to Rs 451.90 billion during the same period.

The relatively slower growth in registered transactions can be attributed to the heightened scrutiny by homebuyers of project compliances post establishment of the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) in July 2024. Buyers are now evaluating projects more meticulously to ensure adherence to these standards, resulting in a more cautious approach to decision-making. This has contributed to a slowdown in transaction closures, reflected in the 12 per cent year-on-year decline in registered residential transactions during the October-December 2024 quarter, with 15,941 units recorded.

Debayan Bhattacharya, Principal Partner & Sales Director, Square Yards said, “Hyderabad property market has demonstrated significant resilience and growth post-pandemic, with sustained momentum continuing through 2024. While the fourth quarter witnessed a decline in transactions due to the impact of HYDRAA on consumer sentiment, the yearly performance tells a more positive story, with total registrations surpassing 2023 levels. Also, the government’s clarifications, ensuring projects with prior approvals remain unaffected, alongside developers recalibrating their customer outreach strategies, are steadily restoring consumer confidence. We believe the impact on sentiment will be short-lived, and in the long run, these developments will foster sustainable growth, curb illegal encroachments, and promote compliance. Moreover, as Hyderabad rapidly establishes itself as a leading IT and GCC hub, we anticipate residential demand to remain robust, driven by premium properties. The city’s evolving infrastructure and economic opportunities will continue reinforce its position as a key residential market in India.”

In October-December 2024, the sales value dropped by 5 per cent, amounting to Rs 96.17 billion compared to Rs 101.14 billion recorded in the October-December quarter of the previous year. Notably, the average home sales value rose by 8 per cent annually, with the current figure standing at Rs 60 lakh. This trend highlights a strong homebuyer preference for mid-to-high segment properties in Hyderabad.

Aparna Constructions and Estates maintained its leadership in Hyderabad’s residential market during the October-December 2024 quarter, topping both registered sales value and residential transactions. The developer recorded a sales value of Rs 5.63 billion across 627 units, with its flagship project, Aparna Zenon in Khajaguda, emerging as the standout performer. Brigade secured the second position with a sales value of Rs 2.64 billion from 217 transactions, driven by their project Brigade Citadel. Developers such as Prestige Group and K Raheja Corp also retained their stronghold within the top 10 developers with highest registered home sales value of Rs 1.25 billion and Rs 1.14 billion, respectively in October-December 2024.

The city’s appeal continues to rise as global IT giants such as Microsoft amongst others expand their operations in Hyderabad, further solidifying its position on the global map. This commercial expansion is feeding into the residential market, with increasing demand from local buyers and working professionals. Additionally, major developers like Godrej Properties and Brigade Enterprises are actively entering the Hyderabad market, further strengthening its residential sector.

The Hyderabad residential market continued to demonstrate resilience in 2024, with 75,512 residential transactions including apartments, plots and villas registered, marking a marginal increase compared to 74,495 transactions recorded in 2023, as per data from Square Yards. However, the value of registered home sales experienced a sharper growth, rising by 13 per cent to Rs 451.90 billion during the same period. The relatively slower growth in registered transactions can be attributed to the heightened scrutiny by homebuyers of project compliances post establishment of the Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) in July 2024. Buyers are now evaluating projects more meticulously to ensure adherence to these standards, resulting in a more cautious approach to decision-making. This has contributed to a slowdown in transaction closures, reflected in the 12 per cent year-on-year decline in registered residential transactions during the October-December 2024 quarter, with 15,941 units recorded. Debayan Bhattacharya, Principal Partner & Sales Director, Square Yards said, “Hyderabad property market has demonstrated significant resilience and growth post-pandemic, with sustained momentum continuing through 2024. While the fourth quarter witnessed a decline in transactions due to the impact of HYDRAA on consumer sentiment, the yearly performance tells a more positive story, with total registrations surpassing 2023 levels. Also, the government’s clarifications, ensuring projects with prior approvals remain unaffected, alongside developers recalibrating their customer outreach strategies, are steadily restoring consumer confidence. We believe the impact on sentiment will be short-lived, and in the long run, these developments will foster sustainable growth, curb illegal encroachments, and promote compliance. Moreover, as Hyderabad rapidly establishes itself as a leading IT and GCC hub, we anticipate residential demand to remain robust, driven by premium properties. The city’s evolving infrastructure and economic opportunities will continue reinforce its position as a key residential market in India.” In October-December 2024, the sales value dropped by 5 per cent, amounting to Rs 96.17 billion compared to Rs 101.14 billion recorded in the October-December quarter of the previous year. Notably, the average home sales value rose by 8 per cent annually, with the current figure standing at Rs 60 lakh. This trend highlights a strong homebuyer preference for mid-to-high segment properties in Hyderabad. Aparna Constructions and Estates maintained its leadership in Hyderabad’s residential market during the October-December 2024 quarter, topping both registered sales value and residential transactions. The developer recorded a sales value of Rs 5.63 billion across 627 units, with its flagship project, Aparna Zenon in Khajaguda, emerging as the standout performer. Brigade secured the second position with a sales value of Rs 2.64 billion from 217 transactions, driven by their project Brigade Citadel. Developers such as Prestige Group and K Raheja Corp also retained their stronghold within the top 10 developers with highest registered home sales value of Rs 1.25 billion and Rs 1.14 billion, respectively in October-December 2024. The city’s appeal continues to rise as global IT giants such as Microsoft amongst others expand their operations in Hyderabad, further solidifying its position on the global map. This commercial expansion is feeding into the residential market, with increasing demand from local buyers and working professionals. Additionally, major developers like Godrej Properties and Brigade Enterprises are actively entering the Hyderabad market, further strengthening its residential sector.

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?