Hyderabad, the capital of Telangana, has been witnessing steady growth in its real estate market. The city’s robust IT and biotech industries and favorable investment climate have attracted many buyers, sellers, and developers. In this blog post, we’ll take a closer look at the real estate market in Hyderabad and explore the factors driving its growth.
Hyderabad Real Estate Market: A Growing Market
Yearly Growth –
According to data from the Telangana Real Estate Regulatory Authority (RERA), the real estate market in Hyderabad has seen steady growth in the past few years. In 2020, the city recorded 36,931 real estate transactions, an increase of 8.5% compared to 2019. A surge in demand for residential and commercial properties drove the growth.
Graph 1: Real estate Transactions in Hyderabad (2018-2020)
The growth in the number of transactions is also reflected in the price trends of properties in Hyderabad. According to data from the National Housing Bank, the average price of residential properties in the city increased by 4.3% in 2020. The growth was led by the mid-segment and luxury segments, which saw an increase of 5.6% and 4.9%, respectively.
Graph 2: Average Price of Residential Properties in Hyderabad (2018-2020)
The real estate market in Hyderabad is expected to continue its growth in the coming years. According to a report by real estate consultant Anarock, the city is expected to see a total of 1.5 lakh new housing units by 2025. The report also predicts that the city will become the second-largest residential market in South India after Bengaluru.
The real estate market in Hyderabad is in a growth phase, driven by a robust IT and biotech sector and a favorable investment climate. The city has seen a steady increase in the number of transactions and prices of properties in recent years. With a projected increase in new housing units, the city’s real estate market is expected to continue its growth in the coming years. With this potential, investors and developers can take advantage of Hyderabad’s real estate market opportunities.
Note: The data and statistics in this blog post are based on the information available as of January 2023 and should be taken as estimates, not as definitive facts.