Residential Market: Hyderabad s residential property market in 2024 saw a 15% increase in property registrations and a 40% surge in transaction value, driven by demand for premium homes. Knight Frank s report revealed 26,027 properties registered, totaling Rs 16,190 crore.
The Indian residential real estate market is expected to maintain robust growth in 2024, with sales projected to surge by 10-15% to over 300,000 units. Industry executives and analysts are optimistic about sustained growth despite temporary disruptions during the general elections.
Hyderabad, India s largest property market, has seen a record-setting surge in stamp duty revenue collection in November, with property registrations rising by 25% YoY to over 6,268 deals. The total value of properties registered stood at Rs 3,741 crore, a 29% YoY increase. The Reserve Bank of India s decision to maintain stable interest rates since April 2023 has bolstered homebuyer confidence in Hyderabad, leading to consistent growth in sales.
The company is planning major launches in Bengaluru with a sales potential of more than Rs 2,000 crore in Q4FY24. By the next financial year, it is planning a Pune foray