Hyderabad Real Estate Surge: Prices and Demand Soar
Bengaluru’s housing sales fell 2 percent to 13,133 units in Q1 2024.
In Kokapet, the property values have increased by 89 percent.
Residential property prices in Hyderabad have surged recently due to strong demand and increased supply, with rents rising by about 30 percent since 2023.
In certain areas, such as Kokapet, property values have increased by 89 percent over the past five years.
ANAROCK reports a 64 percent rise in Hyderabad’s housing prices from 2019 to mid-2024, compared to Bengaluru’s 57 percent.
Demand is driven by the IT sector, particularly in HITECH City, Kondapur, and Gachibowli, with the southern and northern regions also developing. The eastern part of the city focuses on affordable office spaces.
Bengaluru’s housing sales fell 2 percent to 13,133 units in Q1 2024, and rental growth slowed by 5-10 percent, leading to a 40 percent increase in demand for mid-sized apartments in Hyderabad.
Political changes and significant infrastructure investments have further boosted Hyderabad’s real estate market.
The city is seeing growth in commercial activity, contributing 30 percent to India’s commercial supply and 24-25 percent to demand.
Despite Hyderabad’s rapid progress, Bengaluru continues to lead in overall real estate supply and absorption.
