Surge in Luxury Segment Sales in the Hyderabad Real Estate Market

Hyderabad is now a major player in the country for ultra-luxury homes. It ranked third in 2024, following closely behind the National Capital Region and Mumbai. High-priced homes worth over Rs. 100 billion were sold in all major cities in the country. The total sales value of the homes sold was Rs. 530 billion.

The Mumbai Metropolitan Region topped the luxury homes segment. There were 928 units sold in the area. The National Capital Region, including Delhi and Gurgaon, came next. NCR saw 795 units being sold. Hyderabad had sales of 689 ultra-luxury homes. It showed the rising demand in the city for upscale homes. It reflects its appeal as a place to live.

The strong economy of Hyderabad has resulted in a surge in sales of luxury homes. It also reflects the increasing purchasing power in the city. Even though there have been ups and downs in the market, buyers are buying top-end homes. It shows that there is a desire for luxury homes in other cities, too, not just Mumbai and Delhi.

The real estate market trend in Hyderabad is towards luxury homes. It has seen more sales of larger properties in projects with the best amenities. According to a report by Knight Frank India, registrations of home sales have grown 7% year-on-year. There has been a rise in the value of transactions by 23%.

The real estate market here is growing fast. The tech and pharma industries based here have fuelled this growth. The city has had an economic boom and is modernising fast. It has excellent physical and social services. The cost of living is also lower than in other cities. These features make it attractive to investors and homebuyers alike.

The property market in the city has shown a lot of resilience. It has grown greatly after the pandemic. The northwest of the city has led the housing market. It accounts for 70% of all residential sales, and the southwest is next.

Hyderabad's real estate market has had sustained momentum through 2024. The forecast for 2025 shows the sector will grow even more as the city develops further. The rising incomes in the city will contribute to this. The demand for premium homes here is expected to rise. Many new high-end projects are coming up to meet the demand.

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