“Hyderabad Stories”, recently delved into the flourishing Real Estate Market dynamics with a focus on the findings by a prominent player in the industry. In our latest exploration, we’ve partnered with Real Broker, a leading real estate agency in Hyderabad, to uncover the intriguing dynamics shaping the city’s property market.
Revealing a buoyant scenario, the report by ‘Real Broker’ highlighted a remarkable surge in property transactions during March, totaling an impressive Rs 4,000 crore in value. The data unveiled a preference for apartment living, with a significant portion of registrations falling within the 1,000 to 2,000 square feet range, indicative of a robust demand for spacious residences.
Notably, the market exhibited a discernible trend towards higher-priced properties, with a notable 16% of registrations surpassing the Rs 1 crore mark, signaling a growing appetite for premium real estate offerings. Rangareddy district emerged as a standout performer, commanding a commanding 46% share of the market, closely followed by Medchal-Malkajgiri and Hyderabad districts.
In tandem with the surge in demand, there was a corresponding uptick in property prices, with a noteworthy 12% year-on-year increase observed in March 2024. This upward trajectory in prices underscores the city’s resilience and attractiveness as a real estate destination, despite broader economic fluctuations.
Developer response to shifting consumer preferences has been swift, with a keen focus on delivering upscale offerings that cater to evolving lifestyle needs and aspirations. The market’s evolution is further underscored by the growing popularity of 2-bedroom and 3-bedroom units in recent apartment launches, reflecting a nuanced understanding of buyer preferences and a commitment to meeting their evolving demands.
Overall, the survey paints a compelling picture of Hyderabad’s real estate sector, characterized by resilience, dynamism, and a steadfast commitment to meeting the evolving needs of its populace. As the city continues to evolve and grow, its real estate market stands poised for further expansion and success, offering lucrative opportunities for both investors and homebuyers alike.”
Real Broker leads the way in Hyderabad’s changing real estate scene, helping clients buy, sell, and rent properties smoothly.
Going the extra mile to ensure you find the perfect place to call home in the City of Pearls.
