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5,331 Residential Properties Registered In Hyderabad In April

Knight Frank India, a real estate consultancy, said today that sales of 5,331 residential properties had been registered in Hyderabad in April 2022.
Hyderabad | 10th May 2022
Knight Frank India, a real estate consultancy, said today that sales of 5,331 residential properties had been registered in Hyderabad in April 2022, taking the total registrations of residential properties to 24,797 units since the beginning of this year.

The total value of the properties transacted in April stood at Rs 2,767 crore (a 10% rise YoY), taking the cumulative values of all properties registered since January 2022 to Rs 11,998 crore.

However, in terms of total number of property registrations, April recorded a decline of approximately 10% YoY.

The Hyderabad residential market includes four districts - Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy.

Homes in the price band of Rs 25 to Rs 50 lakh constituted 53% of all the residential sales registered during April.

Demand in the less than Rs 25 lakh ticket size however weakened, with its share being 17%.

The share of all other segments grew marginally in YoY terms in April.

In terms of physical size, sales of units over 1,000 sq ft were approximately 83% of all home sale registrations in April, with homes of 1,000-2,000 sq. ft. being 72% of all sales registered during the period.

The trend of homebuyers looking to upgrade and move into larger living quarters, that was sparked by the pandemic, continued to hold strong in April as well.

A district-level study showed that home sale registrations in the Medchal-Malkajgiri district were 44% in April, followed by the Rangareddy district at 40%.

The share of Hyderabad district in the total registrations remained stable at 15%.

The weighted average prices of the transacted residential properties, as per the registration data, have grown by 20% YoY in April. Sangareddy saw the steepest rise of 36% YoY (albeit on a low base), indicating more higher-value homes being sold in the area.

The price growth in the Hyderabad market has also been strong in recent times - the weighted average price has shown an uptrend in all micro-markets of Hyderabad. Shishir Baijal, Chairman & Managing Director, said that Hyderabad had historically had some of the strongest demand trends which resisted external pressures like an economic slowdown and inflation in the recent times. While the rise in prices led by the increased construction cost had impacted the more price-sensitive category, the higher segments had had limited impact, keeping the market buoyant and vibrant. Factors like security of employment, growth in household incomes and savings as well as conformable home-loan rates continued to drive end-users to home purchases, he said.
filed in:  Real Estate, Hyderabad Real Estate
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