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Hyderabad's residential property market saw a 16% year-on-year decline in registrations this February, with 5,900 units recorded compared to 7,135 units last year. The total property value also dropped by 10% to INR 3,925 crore, according to data from the Telangana Registration and Stamps Department. However, month-on-month registrations rose 10%, signaling improving buyer sentiment. The mid-segment market (INR 50 lakh-1 crore) fell by 15%, while luxury homes (INR 1 crore+) rose slightly by 1%, making up 18% of total sales. Demand shifted toward larger homes, with 67% of buyers choosing properties between 1,000-2,000 sq ft. Rangareddy and Medchal-Malkajgiri districts dominated transactions, and premium deals exceeding INR 6 crore surged in Central Hyderabad, reflecting growing luxury housing demand.
Hyderabad's residential property market experienced a slowdown earlier this month, registering 5,900 units, a 16% decline from the 7,135 units recorded during the same period last year. According to data from the Telangana Registration and Stamps Department, reviewed by Knight Frank India, the total value of registered properties also contracted by 10%, settling at INR 3,925 crore, down from INR 4,362 crore a year ago. Advertisement
Despite the annual dip, the city's real estate market showed early signs of momentum returning. Registrations rose 10% month-on-month, accompanied by a 13% increase in the total registered property value. This rebound points to improving sentiment among homebuyers and investors.
The mid-segment market, however, remained under pressure. Properties priced between INR 50 lakh and INR 1 crore fell by 15% year-on-year, with 1,561 units registered in this price bracket. In contrast, the luxury segment witnessed a slight uptick. Registrations of homes priced at INR 1 crore and above grew 1% year-on-year, totaling 1,053 units, and made up 18% of the total transactions during February. This shift highlights an emerging appetite for premium residential assets.
Buyer preferences are also skewed toward larger homes. Approximately 67% of all registrations were for properties sized between 1,000 and 2,000 sq ft. Moreover, demand for homes exceeding 2,000 sq ft gained pace, contributing 17% of total registrations-an increase from the 13% share recorded during the same month last year.
At a district level, Rangareddy led with a 44% share of total registrations, followed closely by Medchal-Malkajgiri at 41%, while Hyderabad district accounted for the remaining 15%.
Another notable trend was the surge in high-value transactions. The top five deals registered during February involved properties exceeding 3,000 sq ft, each valued at over INR 6 crore. Four of these premium transactions were concluded in Central Hyderabad, with one located in Western Hyderabad. This trend further underscores the increasing demand for expansive and high-end properties in prime areas.
Historically, Hyderabad's real estate market has maintained a stronghold in the mid-income segment, but the rise in premium property registrations suggests a gradual tilt toward aspirational and luxury housing.
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