Residential Sales in Hyderabad Surge, Contributing Rs 4 Lakh Crore

Hyderabad played a pivotal role in India’s residential real estate market in 2024, recording over 0.7 lakh registered transactions and contributing Rs 0.4 lakh crore to the sector’s nationwide performance, according to a report by Square Yards. With a robust demand for residential properties, Hyderabad emerged as a key player in the southern region, closely following Bengaluru and cementing its position as a major real estate hub.

Across India, residential property transactions reached 5.77 lakh units in 2024, marking a 4 per cent increase compared to 2023. The total transaction value exceeded Rs 4 lakh crore, reflecting a 2 per cent year-on-year growth. The report revealed that the western cities such as Mumbai, Thane, Navi Mumbai, and Pune accounted for 61 per cent of the total transactions and 69 per cent of the sales value, dominating the national market. Meanwhile, Bengaluru led the southern region with 0.8 lakh transactions, despite a slight dip due to the E-khata implementation. Hyderabad followed closely, achieving 80 per cent of Bengaluru’s transaction volume.

The report also highlighted the rise in property prices across major cities further highlights the strong demand. Gurugram led with a staggering 132 per cent price increase over the past five years, driven by demand for luxury properties. Hyderabad recorded a steady 43 per cent growth during the same period, reflecting its balanced and sustainable market development. Cities like Bengaluru and Pune also witnessed significant price growth of 66 per cent and 60 per cent, respectively.

Developers across Hyderabad and other major cities launched 3.9 lakh new units in 2024, meeting the demand for gated communities and lifestyle-oriented properties. The strong confidence in the sector was further reinforced by the completion of over 4 lakh residential units nationwide. This activity was mirrored in the stock market, with the NIFTY Realty Index emerging as the top-performing sectoral index, registering a 40 per cent gain year-to-date.

Looking ahead, Square Yards projected an optimistic outlook for 2025. Developers are gearing up to deliver over 3.6 lakh units, supported by a pipeline of projects spanning 300 million square feet. Hyderabad’s real estate sector is expected to continue its upward trajectory.