Hyderabad Residential Properties Witness a Massive Surge
In Q3 of 2024, prices increased by 4% over Q2 of the same year. Nonetheless, hyderabad has had the largest percentage shift in residential property prices among the top seven indian cities, rising from 32% in Q3 2023 to 32% in Q3 2024.
Below are the city-level price trends (in INR/sq.ft):
Housing sales
Sales of residential real estate decreased even as prices rose in hyderabad and other major cities.
Kolkata had the biggest loss in sales, with a 25% decrease from Q3 2023 to Q3 2024.
Hyderabad had the second-highest percentage of sales declines. From 16,375 units in Q3 2023 to 12,735 units in Q3 2024, the city's sales decreased.
Below are the city-wise absorption trends (in units):
Meanwhile, hyderabad added approximately 13,890 units in Q3 2024, compared to 24,900 units in Q3 2023 – a 44 percent yearly decline.