Residential property registrations in Hyderabad surged in February 2024, with 6,938 properties registered, marking a 21% increase Year-on-Year (YoY) and a 27% Month-on-Month (MoM) rise, according to the latest report by property consulting firm Knight Frank India. The total value of these properties reached ₹4,247 crore, reflecting a 42% YoY and 29% MoM increase, suggesting a trend towards the sale of higher-value homes.
The Hyderabad residential market includes Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy districts.
In February 2024, properties priced between ₹25 lakh and ₹50 lakh dominated, comprising 45% of total registrations, while those below ₹25 lakh accounted for only 14%. Conversely, the proportion of properties valued at ₹1 crore and above increased to 14% in February 2024, up from 10% in the same period last year.