According to the latest data released by PropTiger.com, an online real estate brokerage company, the residential property market in Hyderabad has shown a steady year-on-year appreciation of 5%. The average prices in the city range between ₹6,400 and ₹6,600 per square foot.
The report titled ‘Real Insight Residential – April-June 2023’ showed that the weighted average price of residential properties across eight major Indian cities reached ₹7,000-7,200 per square foot during the April-June period.
Comparatively, other States have witnessed higher property prices than Hyderabad. Gurugram, for instance, has experienced a significant 12% year-on-year increase, with average prices ranging from ₹ 7,000 to ₹7,200 per square foot. Bangalore follows closely behind with an average price range of ₹6,300 to ₹6,500 per square foot, reflecting a 9% year-on-year change. In Noida, the average price range is ₹5,600 to ₹5,800 per square foot, marking an 8% year-on-year increase.
