Hyderabad’s real estate market experienced a slowdown in property registrations during November 2024, though a slight rise in demand for high-value homes highlighted evolving buyer preferences, according to a Knight Frank India report. The city recorded 5,516 property registrations, reflecting a 12% year-on-year (YoY) decrease and a 6% month-on-month (MoM) decline. The total value of these registrations amounted to ₹3,495 crore, marking a 7% YoY and 3% MoM dip.
Knight Frank’s analysis includes data from Hyderabad, Medchal Malkajgiri, Rangareddy, and Sangareddy districts. While properties priced below ₹50 lakh continued to dominate, accounting for 58% of registrations in November 2024, there is a visible shift towards higher-value properties. Homes priced above ₹1 crore represented 14% of total registrations, up from 12% in November 2023.
Demand for larger homes The majority of registered properties were between 1,000 and 2,000 square feet, contributing to 69% of the total while 14% of properties registered exceeded 2,000 square feet, highlighting an increasing appetite for spacious homes. Shishir Baijal, chairman and managing director of Knight Frank India, said, “Demand for high-value, premium properties remains robust, with a 3% YoY increase in registrations for homes priced above ₹1 crore. Developers are responding to this demand by introducing upscale projects, reflecting growing confidence in Hyderabad’s residential market.
” District-wise breakdown Medc.
