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Home sales registrations in Hyderabad grew by 7% year-on-year (YoY) in 2024, according to Knight Frank India. The total transaction value rose by 23% during the same period. The residential market spans Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy districts. It showed a shift towards premium homes, with a 58% YoY increase in registrations for properties above INR 1 crore. In December 2024, 5805 properties were registered. This marked a 5% month-on-month (MoM) rise but a 20% YoY drop. Despite the decline, the city's demand for larger homes and better amenities remained strong.
Home sales registrations in Hyderabad rose 7% in 2024, showing steady growth. Knight Frank India reported a 23% rise in total transaction value, reflecting growing interest in regional residential properties. There has been a clear rise in demand for high-value homes. Properties priced at INR 1 crore and above accounted for 14% of total registrations in 2024, compared to 10% in 2023.
This reflects a growing preference for premium homes, with registrations in this category increasing by 58% YoY. Many homebuyers opt for larger properties with modern amenities, showcasing a shift towards quality living.
In December 2024, Hyderabad registered 5,805 properties, a 5% month-on-month (MoM) increase. However, this was 20% lower than December 2023. The total value of homes registered was INR 3,590 crore, a 2% MoM rise but a 14% year-on-year (YoY) decline. These numbers reflect seasonal changes in the real estate market.
Homes ranging between 1,000 and 2,000 square feet were the most preferred, making up 69% of the total registrations in 2024. Larger units above 2,000 square feet also gained popularity, rising to 14% of the total registrations compared to 11% in 2023. This indicates that homebuyers are increasingly looking for spacious homes.
Medchal-Malkajgiri accounted for 42% of property registrations, while Rangareddy followed closely with 41%. Hyderabad district made up the remaining 17%. The weighted average price of residential properties increased by 6% year-on-year (YoY), with Medchal-Malkajgiri seeing the highest growth of 14%.
The biggest property deals in December 2024 involved homes larger than 3,000 square feet, priced above INR 5.5 crore. Four of these were in Central Hyderabad, and one was in Raidurg, West Hyderabad. This shows the rising demand for luxury homes.
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