Hyderabad has recorded registrations of 4,313 units of residential properties in July 2022, which was lower by 20% month on month (MoM). Properties over ₹50 lakh and above witnessed fewer transactions in the last month contributing to the slowdown.
The drop was caused by adverse sentiments towards major investment decisions in ‘Ashada Masam’ combined with heightened uncertainty over rising interest rates. Total value of properties transacted last month stood at ₹2,101 crore, also registering a decline of 26% MoM, said the latest real estate report from Knight Frank-India.
Since the beginning of the year, the city has seen sales of 40,897 residential units with a total worth of ₹20,023 crore. The city’s residential market includes four districts — Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy, said the research agency.
