In October 2023, Property Registrations in Hyderabad increased by 25% year on year.

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Hyderabad Residential Property Trends October 2023
Hyderabad Residential Property Trends October 2023

Hyderabad Residential Property Trends October 2023

According to Knight Frank India, Hyderabad registered 5,787 residential properties in October 2023, a 25% increase year on year but an 8% decrease sequentially.

The overall value of registered properties for the month was Rs 3,170 crore, up 41% year on year but down 8% quarter on quarter.

The Hyderabad residential market consists of four districts: Medchal-Malkajgiri, Rangareddy, and Sangareddy.

Property registrations in Hyderabad climbed 4% year on year to 58,378 units in the first 10 months of 2023. In terms of value, it was Rs 30,458 crore, 11% greater than the previous year.

In October, about half of the property registrations were in the Rs 25-50 lakh price category. Properties valued under Rs 25 lakh accounted for 16% of the total, down from 22% in October 2022.

The share of sale registrations for homes costing Rs 1 crore and above was 10% in the reporting month, up from 8% the previous year.

Property sizes ranging from 1,000 to 2,000 square feet accounted for 69% of all registrations.

According to Knight Frank, demand for smaller homes of 500-1,000 square feet has moderated, with their percentage of registrations falling to 16% in October 2023 from 21% the previous year. However, properties larger than 2,000 square feet increased their share to 12% from 10% last year.

The city’s average price increased 6.8 percent year on year.

Hyderabad Residential Property Trends October 2023

Frequently Asked Questions

Q1: What is the overall trend in residential property registrations in Hyderabad for October 2023?

A1: According to Knight Frank India, residential property registrations in Hyderabad increased by 25% year on year but decreased by 8% sequentially in October 2023.

Q2: What was the overall value of registered properties in Hyderabad for October 2023?

A2: The overall value of registered properties in Hyderabad for October 2023 was Rs 3,170 crore, marking a 41% year-on-year increase but an 8% decrease quarter on quarter.

Q3: Which districts constitute the residential market in Hyderabad?

A3: The residential market in Hyderabad comprises four districts: Medchal-Malkajgiri, Rangareddy, and Sangareddy.

Q4: How did property registrations in Hyderabad perform in the first 10 months of 2023?

A4: Property registrations in Hyderabad increased by 4% year on year to 58,378 units in the first 10 months of 2023, with a total value of Rs 30,458 crore, reflecting an 11% increase from the previous year.

Q5: What was the distribution of property registrations based on price categories in October 2023?

A5: In October 2023, approximately half of the property registrations in Hyderabad were in the Rs 25-50 lakh price category. Properties valued under Rs 25 lakh accounted for 16% of the total, down from 22% in October 2022.

Q6: How did the share of property registrations for homes costing Rs 1 crore and above change in October 2023 compared to the previous year?

A6: The share of property registrations for homes costing Rs 1 crore and above was 10% in October 2023, up from 8% the previous year.

Q7: What types of property sizes dominated the registrations in Hyderabad in October 2023?

A7: Property sizes ranging from 1,000 to 2,000 square feet accounted for 69% of all registrations in October 2023.

Q8: How did the demand for smaller homes (500-1,000 square feet) change in October 2023 compared to the previous year?

A8: According to Knight Frank, demand for smaller homes of 500-1,000 square feet moderated, with their percentage of registrations falling to 16% in October 2023 from 21% the previous year.

Q9: How did the share of properties larger than 2,000 square feet change in October 2023 compared to the previous year?

A9: Properties larger than 2,000 square feet increased their share to 12% in October 2023, up from 10% the previous year.

Q10: What was the year-on-year change in the city’s average property price in October 2023?

A10: The city’s average property price increased by 6.8% year on year in October 2023, according to Knight Frank India.

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