Hyderabad recorded registrations of 5,181 units of residential properties in August 2022, up by 20% month-on-month basis with the demand and registrations returning after witnessing a decline in the previous month on account of ‘Ashada Masam’, considered less auspicious for new embarkments.
Research agency Knight Frank-India in its latest report said the total value of properties transacted last month stood at ₹2,658 crore, also registering a growth of 26%. Since the beginning of the year, the city has observed sales of 46,078 residential units with a total worth of ₹22,680 crore.
Hyderabad residential market includes the four districts Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy. Residential units in the price band of ₹25 – ₹50 lakh constituted 55% of the total sales, an increase from a share of 37% when compared to August 2021. Demand in the less-than-₹25 lakh ticket-size however weakened with its share constituting 16% compared to 35% a year ago.
