Hyderabad: Kokapet has emerged as the second top-performing real estate market in India, registering 89% increase in residential prices over the past five years. According to a report by ANAROCK Research , the area has seen a significant rise in demand, which, combined with substantial new supply, has driven prices from 4,750 per square foot in 2019 to 9,000 per square foot in the first half of 2024. During this period, Kokapet added approximately 12,920 new residential units to the market.
The ultra-luxury segment, with properties priced above 2.5 crore, accounted for a substantial 52% of this new supply. Another 30% of the supply was in the mid and premium segments, while 19% fell within the luxury price bracket of 1.
5 to 2.5 crore. Bachupally, another key locality in Hyderabad, also demonstrated significant growth, with property prices increasing by 57% over the last five years.
Average prices rose from 3,690 per square foot in 2019 to 5,800 per square foot in H1 2024. The area’s appeal has been driven by its strong mid-premium segment offerings, which have attracted a wide range of homebuyers. Tellapur also saw notable price appreciation, with a 53% jump from 4,819 per square foot in 2019 to 7,350 per square foot in H1 2024.
The locality added approximately 18,960 new units during this period, with a significant portion (66%) in the mid and premium segments and 34% in the luxury category. Hyderabad: Kokapet has emerged as the second top-performing real estate market in India, registering 89% increase in residential prices over the past five years. According to a report by ANAROCK Research, the area has seen a significant rise in demand, which, combined with substantial new supply, has driven prices from 4,750 per square foot in 2019 to 9,000 per square foot in the first half of 2024.
During this period, Kokapet added approximately 12,920 new residential units to the market. The ultra-luxury segment, with properties priced above 2.5 crore, accounted for a substantial 52% of this new supply.
Another 30% of the supply was in the mid and premium segments, while 19% fell within the luxury price bracket of 1.5 to 2.5 crore.
Bachupally, another key locality in Hyderabad, also demonstrated significant growth, with property prices increasing by 57% over the last five years. Average prices rose from 3,690 per square foot in 2019 to 5,800 per square foot in H1 2024. The area’s appeal has been driven by its strong mid-premium segment offerings, which have attracted a wide range of homebuyers.
Tellapur also saw notable price appreciation, with a 53% jump from 4,819 per square foot in 2019 to 7,350 per square foot in H1 2024. The locality added approximately 18,960 new units during this period, with a significant portion (66%) in the mid and premium segments and 34% in the luxury category..
