Hyderabad: The real estate in Hyderabad has witnessed a surge in registrations of luxury apartments in 2024. Out of the total registrations, 14 percent account for luxury apartments. The share of high-value apartments in the total registrations increased from 10 percent in 2023 to 14 percent in 2024.
According to a report by Knight Frank India, the registrations of high-value apartments, valued above Rs 1 crore, have witnessed a surge of 58 percent Year-on-Year (YoY). However, properties priced under Rs 50 lakh still accounted for the majority of registrations in the city. Following are the registrations of properties in 2024 As per the report, sales registrations of homes including luxury apartments in Hyderabad in 2024 were up by 7 percent YoY.
The value of total transactions increased by 23 percent YoY. Following are the registrations based on units and value. The real estate market in Hyderabad covers four districts, viz.
, Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy. It includes transactions from both the primary and secondary real estate markets. In 2024, Medchal-Malkajgiri accounted for 42 percent of property registrations, closely followed by Rangareddy at 41 percent.
Hyderabad district contributed the remaining 17 percent of total registrations. Following is the registration by district On the data, Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, “Hyderabad’s real estate market has continued its upward trajectory in 2024, sh.