{"id":13118,"date":"2024-01-03T17:29:12","date_gmt":"2024-01-03T11:59:12","guid":{"rendered":"https:\/\/blog.bigproperty.in\/?p=13118"},"modified":"2024-01-03T17:29:13","modified_gmt":"2024-01-03T11:59:13","slug":"hyderabad-surpasses-ncr-emerges-as-indias-second-most-expensive-city","status":"publish","type":"post","link":"https:\/\/bigproperty.in\/blog\/hyderabad-surpasses-ncr-emerges-as-indias-second-most-expensive-city\/","title":{"rendered":"Hyderabad Surpasses NCR, Emerges as India&#8217;s Second-Most Expensive City"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bigproperty.in\/blog\/hyderabad-surpasses-ncr-emerges-as-indias-second-most-expensive-city\/#Mumbais_Unwavering_Unaffordability\" >Mumbai&#8217;s Unwavering Unaffordability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bigproperty.in\/blog\/hyderabad-surpasses-ncr-emerges-as-indias-second-most-expensive-city\/#Hyderabads_Steady_Surge_in_Real_Estate\" >Hyderabad&#8217;s Steady Surge in Real Estate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bigproperty.in\/blog\/hyderabad-surpasses-ncr-emerges-as-indias-second-most-expensive-city\/#NCRs_Affordability_Endeavor\" >NCR&#8217;s Affordability Endeavor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bigproperty.in\/blog\/hyderabad-surpasses-ncr-emerges-as-indias-second-most-expensive-city\/#Bengalurus_Incremental_Affordability\" >Bengaluru&#8217;s Incremental Affordability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bigproperty.in\/blog\/hyderabad-surpasses-ncr-emerges-as-indias-second-most-expensive-city\/#Chennais_Affordability_Renaissance\" >Chennai&#8217;s Affordability Renaissance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bigproperty.in\/blog\/hyderabad-surpasses-ncr-emerges-as-indias-second-most-expensive-city\/#Overarching_Growth_in_Residential_Sales\" >Overarching Growth in Residential Sales<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bigproperty.in\/blog\/hyderabad-surpasses-ncr-emerges-as-indias-second-most-expensive-city\/#Latest_Blogs\" >Latest Blogs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>In a notable shift, Hyderabad has outpaced Delhi NCR, securing the position of India&#8217;s second-most expensive residential market. This revelation comes from Knight Frank India&#8217;s exclusive Affordability Index, shedding light on the financial dynamics of housing across major cities. While Mumbai still retains its title as the most unaffordable city, Ahmedabad and Kolkata stand out as beacons of affordability. Let&#8217;s delve into the details reshaped for a captivating read.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mumbais_Unwavering_Unaffordability\"><\/span><strong>Mumbai&#8217;s Unwavering Unaffordability<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Mumbai stands as the sole city breaching the 50 percent affordability threshold, a critical point where banks hesitate to underwrite mortgages. Despite its steep property prices, Mumbai has witnessed a marginal improvement, with its affordability index dropping from 53 percent in 2022 to 51 percent in 2023. Anarock&#8217;s analysis further indicates that Mumbai Metropolitan Region (MMR) recorded the highest sales, reaching approximately 153,870 units in 2023, followed closely by Pune with about 86,680 units.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=bigproperty.in&amp;pcampaignid=web_share\" style=\"border-radius:2px;background-color:#ba0c49;color:#fffffa\"><strong>Download App<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link has-text-color\" href=\"https:\/\/www.whatsapp.com\/channel\/0029VaAUFkA9sBIBN\" style=\"border-radius:2px;color:#ba0c49\"><strong>Follow WhatsApp Channel<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hyderabads_Steady_Surge_in_Real_Estate\"><\/span><strong>Hyderabad&#8217;s Steady Surge in Real Estate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Claiming the position of the second most expensive residential market in India, Hyderabad maintains a consistent affordability index at 30 percent for both 2022 and 2023. Despite a significant 11 percent spike in home prices in 2023, the city experienced a commendable 30 percent surge in sales, reaching 61,715 units. This underscores Hyderabad&#8217;s resilience and desirability in the real estate landscape.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NCRs_Affordability_Endeavor\"><\/span>NCR&#8217;s Affordability Endeavor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>On the flip side, the National Capital Region (NCR) saw a slight improvement in its affordability index, dropping from 29 percent in 2022 to 27 percent in 2023. However, the data from Anarock suggests a modest 3 percent increase in sales, reaching 65,625 units in 2023. NCR&#8217;s real estate scenario reflects a delicate balance between affordability and market activity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bengalurus_Incremental_Affordability\"><\/span><strong>Bengaluru&#8217;s Incremental Affordability<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Securing its position as the fourth most expensive market, Bengaluru boasts an affordability index of 26 percent in 2023. With a marginal 1 percent improvement since 2022 and a noteworthy 6 percent rise from the pre-pandemic year of 2019, Bengaluru witnessed approximately 63,980 units sold in 2023, marking a commendable annual increase of 29 percent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Chennais_Affordability_Renaissance\"><\/span><strong>Chennai&#8217;s Affordability Renaissance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Chennai displays a positive trend in affordability, with its index improving from 27 percent in 2022 to 25 percent in 2023. The city witnessed a substantial 34 percent annual increase in sales, reaching around 21,630 units. This signifies a growing appeal for real estate in Chennai, coupled with improved affordability metrics.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Overarching_Growth_in_Residential_Sales\"><\/span><strong>Overarching Growth in Residential Sales<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Anarock&#8217;s comprehensive analysis reveals that 2023 witnessed a remarkable surge in residential unit sales across the seven major cities. Approximately 476,530 units were sold, marking the highest in the last decade. This growth of 31 percent over 2022 indicates a robust real estate market, surpassing the previous peak in 2022. Mumbai Metropolitan Region (MMR) and Pune emerged as the forerunners, collectively leading residential sales in 2023.<\/p>\n\n\n\n<p>In conclusion, the ever-evolving landscape of India&#8217;s real estate sector showcases dynamic shifts in affordability and market performance. As Hyderabad rises to prominence and cities like Mumbai and NCR navigate the balance between luxury and accessibility, the overall trajectory signals a resilient and flourishing real estate market across the nation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Frequently Asked Questions (FAQ&#8217;s)<\/strong><\/h3>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1704279378692\"><strong class=\"schema-faq-question\">1Q: <strong>Why is Hyderabad considered the second-most expensive residential market in India?<\/strong><\/strong> <p class=\"schema-faq-answer\"><strong><em>Ans: <\/em><\/strong>Hyderabad&#8217;s elevation to the second-most expensive residential market is attributed to its consistent affordability index at 30 percent for both 2022 and 2023. Despite an 11 percent increase in home prices in 2023, the city experienced a remarkable 30 percent surge in sales, reflecting its robust real estate demand.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1704279419142\"><strong class=\"schema-faq-question\">2Q: <strong>How does the affordability index impact the decision to underwrite mortgages by banks?<\/strong><\/strong> <p class=\"schema-faq-answer\"><strong><em>Ans:<\/em><\/strong> A city&#8217;s affordability index plays a crucial role in mortgage underwriting decisions. An affordability index exceeding 50 percent is considered unaffordable, and banks are reluctant to underwrite mortgages beyond this threshold. Mumbai stands out as the only city breaching this limit, emphasizing its challenges in the mortgage market.<\/p> <\/div> <\/div>\n\n\n\n<div class=\"wp-block-group has-background\" style=\"background-color:#cdcdcd\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<h2 class=\"has-text-align-center wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latest_Blogs\"><\/span><strong><span class=\"has-inline-color has-vivid-red-color\">Latest Blogs<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group has-background\" style=\"background-color:#dbdbdb\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\"><ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/bigproperty.in\/blog\/rental-agreement-rules-india-notice-period-deposit-2026\/\" aria-label=\"Rental Agreement Rules 2026: Notice Period, Security Deposits &amp; Tenant Rights\"><img decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-300x168.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"rental agreement rules india\" style=\"\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-300x168.jpg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-768x429.jpg 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-752x420.jpg 752w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-150x84.jpg 150w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-696x389.jpg 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2.jpg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/bigproperty.in\/blog\/rental-agreement-rules-india-notice-period-deposit-2026\/\">Rental Agreement Rules 2026: Notice Period, Security Deposits &amp; Tenant Rights<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/bigproperty.in\/blog\/tellapur-vs-kollur-real-estate-investment-comparison-2026\/\" aria-label=\"Tellapur vs. Kollur: Which is the Best Real Estate Investment in 2026?\"><img decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-300x168.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"tellapur vs kollur real estate\" style=\"\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-300x168.jpg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-768x429.jpg 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-752x420.jpg 752w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-150x84.jpg 150w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-696x389.jpg 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate.jpg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/bigproperty.in\/blog\/tellapur-vs-kollur-real-estate-investment-comparison-2026\/\">Tellapur vs. Kollur: Which is the Best Real Estate Investment in 2026?<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/bigproperty.in\/blog\/low-budget-middle-class-indian-bedroom-design-ideas\/\" aria-label=\"15 Low-Budget Middle Class Indian Bedroom Design Ideas (2026)\"><img decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-300x168.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"low budget middle class indian bedroom design\" style=\"\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-300x168.jpg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-768x429.jpg 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-752x420.jpg 752w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-150x84.jpg 150w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-696x389.jpg 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1.jpg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/bigproperty.in\/blog\/low-budget-middle-class-indian-bedroom-design-ideas\/\">15 Low-Budget Middle Class Indian Bedroom Design Ideas (2026)<\/a><\/li>\n<\/ul><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a notable shift, Hyderabad has outpaced Delhi NCR, securing the position of India&#8217;s second-most expensive residential market. This revelation comes from Knight Frank India&#8217;s exclusive Affordability Index, shedding light on the financial dynamics of housing across major cities. While Mumbai still retains its title as the most unaffordable city, Ahmedabad and Kolkata stand out [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":13119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[4707,4704,4705,4706,4710,4709],"class_list":{"0":"post-13118","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news-update","8":"tag-bengaluru-affordability-trends","9":"tag-hyderabad-real-estate-market","10":"tag-knight-frank-affordability-index","12":"tag-ncr-sales-growth","13":"tag-pune-real-estate-market-activity"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hyderabad Surpasses NCR, Emerges India&#039;s Second-Most Expensive City<\/title>\n<meta name=\"description\" content=\"Discover the latest trends in 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