Hyderabad Housing Sales Decline 19%

Bengaluru: India’s leading eight residential markets experienced a year-on-year decline in both housing sales and new launches during the July-September quarter of 2024, a ‘Real Insight Residential Report’ by PropTiger.com said. A sharp increase in home prices—averaging a nearly 20 per cent increase across the top eight cities—impacted affordability leading to a 5 per cent YoY (year-on-year) drop in overall sales.

New launches witnessed a more significant 25 per cent YoY decrease compared to the same quarter in 2023, the report said.

In the July-September quarter of 2024, Delhi NCR saw a significant sales surge of 29 per cent YoY, with 10,098 units sold compared to 7,800 in the same period last year. However, Mumbai and Hyderabad saw a decline in sales. “Hyderabad faced a notable decline, with sales dropping 19 per cent YoY to 11,564 units from 14,191 units,” the report said.