Hyderabad: While homes in most major Indian cities are getting bigger, Hyderabad buyers are turning towards smaller flats. At least that’s what a new report suggests. Between 2023 and the first six months of 2024, Hyderabad is the only major Indian city that saw its average apartment size drop by 13%, according to Anarock Property Consultant’s latest study.
In other cities, the flats got bigger by anywhere between 1% (in Pune) and 96% (in NCR) during this same period. But despite the shrink, the average size of apartments in the city – known for sprawling homes – continues to be over 2,000 square feet (sft), the report adds. In fact, if a five-year period is considered, Hyderabad recorded an 18% increase in size – from 1,700 sft in 2019 to 2,010 sft in 2024.
The drop was seen only in the last two years. Experts attribute it to various reasons: deliberate cutdown on size to cater to a larger pool of buyers and slowdown in the luxury segment. “The new supply added in the luxury category in H1 2024 (January to June) has been relatively lower as compared to the same period a year ago,” said Santhosh Kumar, vice-chairman, Anarock Group.
He added: “Last year, out of the total new supply of nearly 76,350 units in Hyderabad, over 41% were in the luxury segment while in H1 2024, the share stood at nearly 29% of the total 36,710 units launched. One key feature of a luxury home is its large size. Hence, we saw a dip in average sizes in the city.
” Among the top seven cities, NCR overtook Hyderabad to record the highest average flat size of 2,450 sft during the first six months of 2024. We also published the following articles recently Amgen to open new tech and innovation center in Hyderabad by end of 2024 Amgen, a US-based biopharma company, established a technology and innovation centre in Hyderabad, scheduled to be operational by the end of the year. The facility, named Amgen India, will host up to 3,000 employees and drive digital advancements across the company.
Chief Minister Revanth Reddy highlighted Hyderabad's growing role as a global technology and life sciences hub. Amgen to open new tech and innovation centre in Hyderabad by 2024-end US-based biopharma giant Amgen established a new technology and innovation center in Hyderabad, to become operational by the fourth quarter. The center aims to accelerate digital capabilities and enhance efficiencies across the enterprise, with a capacity to accommodate up to 3,000 employees.
The choice of Hyderabad was due to its excellent talent pool in medicine, life sciences, and data sciences. Personality Test: The size of your ears can uncover your hidden traits The article explored how ear shapes and sizes can indicate hidden personality traits. Individuals with big ears were described as laid-back, open-minded, and confident, enjoying new experiences and people.
Those with small ears were portrayed as quiet, introspective, and shy, preferring meaningful conversations over small talk. The article encouraged readers to discover their traits based on their ear features..
