Hyderabad witnessed residential property registrations of 5,408 units valued at ₹2,841 crore in June, while the last quarter (April to June) saw 17,074 properties being registered. This is a 9.1% year-on-year increase, even though the monthly sales registration has dipped by 25%, independent property consultancy firm Knight Frank India noted in its latest report on Wednesday.
The total value of properties transacted in this quarter stood at ₹8,685 crore, a 25% rise. This indicates while a lesser number of homes were registered, the average value of homes registered in June was higher than its corresponding period last year in the residential market of Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy districts.
Homes in the price band of ₹25 lakh to ₹50 lakh constituted 53% — a marked increase from 35% in June 2021. Demand in the less than ₹25 lakh ticket-size, however, weakened with its share constituting 16% compared to 40% a year ago. Greater demand for larger ticket size homes is evident as the cumulative share of sales registrations for properties with ticket-sizes of ₹50 lakh and above increased to 32% in June 2022 from 25% in June 2021.
