According to Knight Frank India’s Residential H1 2023 report, Hyderabad has emerged as the most sought-after real estate destination in India. While other cities struggled with declining sales, residential sales in Hyderabad grew by 5% year-on-year (YoY). In contrast, Mumbai and Bengaluru experienced drops of 8% and 2% YoY, respectively.
Hyderabad also witnessed the highest residential price growth among all markets, with a 10% YoY increase. This rise in prices can be attributed to the appreciation of land prices in recent years. Despite the price surge, the city remains attractive to both investors and end-users.
During the first half of 2023, residential sales in Hyderabad reached 15,355 units, marking a 5% YoY growth and the highest among the top eight cities covered in the report. The city’s real estate market remained relatively stable even during the COVID-19 pandemic, thanks to positive buyer sentiments.
West Hyderabad emerged as the preferred location for homebuyers, accounting for 60% of the total sales activity. Its appeal lies in its proximity to prominent office areas such as Hitec City, Financial District, Madhapur, Gachibowli, Nanakramguda, and Kondapur, along with the presence of robust infrastructure.
