Hyderabad's High-End Home Sales Surge Amidst Emerging Real Estate Pockets and Growing Demand for Luxury Living

Luxury Real Estate Takes the Lead Hyderabad's residential property market is undergoing a significant transformation. High-end housing sales and launches have surged, now dominating the market landscape. This shift marks a departure from the historical trend where mid-end units accounted for more than half of the total units sold annually until 2021.

Emerging Micro Markets

The western part of Hyderabad is witnessing rapid development, particularly in key areas such as Kokapet, Narsingi, Tellapur, Manikonda, and Nanakramguda. These locations are fast becoming prime real estate destinations.

Demand Drivers for Spacious Living

The demand for 3 BHK, 4 BHK, and larger units has escalated due to a growing preference for spacious living environments and the need for dedicated home offices. This trend is further bolstered by increased interest from domestic investors, NRIs, and HNIs, alongside a strengthening US Dollar, which has fueled demand for premium properties.

Sustained Optimism

Hyderabad's robust economy, supportive government initiatives, and continuous infrastructure development are key factors contributing to the sustained strong demand for residential properties in the city.

Favorable Interest Rates Boost Affordability

Low interest rates have enhanced affordability, extending the festive season buying window and making high-end properties more accessible to potential buyers.

Thriving Apartment Segment

The apartment segment remains a strong performer, driven by the increasing preference for community living and the comprehensive amenities that come with it.

Growing Demand for Villas

The rising popularity of villas underscores a growing demand for larger living spaces and private retreats, catering to those seeking exclusivity and luxury.

Hyderabad's Contribution to National Housing Stock

Hyderabad accounts for 12% of the total housing stock among India's top seven cities, including Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, and Kolkata.

Sales and Launches Surge in Luxury Segment

High-end homes, particularly those priced between ₹2-4 crore, and luxury properties priced above ₹4 crore, now constitute over 50% of the city’s sales in the ₹4 crore and above segment. In the first half of 2024, this segment accounted for 20% of the city's new launches, a significant increase from less than 5% before 2021.

Summary:

Hyderabad’s high-end housing market now leads residential sales.

Emerging real estate pockets: Kokapet, Narsingi, Tellapur, Manikonda, Nanakramguda.

Demand driven by larger units (3 BHK, 4 BHK) and home office needs.

Increased interest from domestic investors, NRIs, HNIs; strengthening US Dollar.

Robust economy, government initiatives, infrastructure growth sustain demand.

Low interest rates extend affordability, boosting festive season sales.

Strong performance in apartment segment due to community living preferences.

Growing villa market indicates demand for luxury and private retreats.

Hyderabad holds 12% of housing stock in India’s top seven cities.

Luxury segment sales and launches surge, with over 50% share in the ₹4 crore+ category.