Hyderabad recorded 5,411 residential property registrations in January 2024, reflecting a 1% year-on-year (YoY) increase, according to data released by Knight Frank India. The total value of registered properties during this period reached ₹3,279 crore, marking a 24% YoY surge.
The data showed that 47% of the registered properties in Hyderabad, falling in the price range of ₹25 to 50 lakh, constituted the largest category in January 2024. Conversely, properties priced below ₹ 25 lakhs accounted for 15% of the total registrations, experiencing a decline in their share. There has been a substantial rise in the share of registrations for properties priced at ₹ 1 crore and above, increasing from 8% in January 2023 to 14% in January 2024.
The majority of the properties registered in January 2024 were in the 1,000 to 2,000 square feet range, making up 71% of all registrations. Demand for smaller homes (below 1,000 square feet) experienced a dip, dropping from 19% in January 2023 to 16% in January 2024. Properties larger than 2,000 square feet saw an increased demand, with registrations rising from 9% in January 2023 to 13% in January 2024.
