Hyderabad, 20 January 2025: Knight Frank India, in its latest assessment, reported a 7% year-on-year (YoY) rise in home sales registrations in Hyderabad for 2024, with total transaction value recording a sharp 23% YoY increase. In December 2024, 5,805 properties were registered, marking a 5% month-on-month (MoM) increase but a decline of 20% YoY. The value of homes registered in December 2024 stood at INR 3,590 crore, a 2% MoM increase but a 14% YoY decline. The Hyderabad residential market covers four districts—Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy—and includes transactions from both the primary and secondary real estate markets.
REGISTRATIONS IN HYDERABAD
| Registration (No. of units) | Registration value (INR cr) | |||
| Period | Jan- Dec | YoY change | Jan- Dec | YoY change |
| 2022 | 68,519 | -18% | 33,605 | -10% |
| 2023 | 71,912 | 5% | 38,395 | 14% |
| 2024 | 76,613 | 7% | 47,173 | 23% |
Source: Knight Frank Research, Telangana Registration and Stamps Department
| 2023 | 2024 | YoY | MoM | 2023 | 2024 | YoY | MoM | |
| Volume Split (No of units) | Registration Value Split (INR cr) | |||||||
| January | 5,454 | 5,444 | 0% | -25% | 2,650 | 3,293 | 24% | -21% |
| February | 5,725 | 7,135 | 25% | 31% | 2,987 | 4,362 | 46% | 32% |
| March | 6,959 | 6,870 | -1% | -4% | 3,602 | 4,275 | 19% | -2% |
| April | 4,494 | 6,696 | 49% | -3% | 2,286 | 4,310 | 89% | 1% |
| May | 6,039 | 6,062 | 0% | -9% | 3,068 | 3,760 | 23% | -13% |
| June | 5,566 | 7,056 | 27% | 16% | 2,897 | 4,314 | 49% | 15% |
| July | 5,557 | 8,781 | 58% | 24% | 2,878 | 5,285 | 84% | 23% |
| August | 6,493 | 6,439 | -1% | -27% | 3,461 | 4,043 | 17% | -24% |
| September | 6,304 | 4,903 | -22% | -24% | 3,459 | 2,820 | -18% | -30% |
| October | 5,799 | 5,894 | 2% | 20% | 3,175 | 3,617 | 14% | 28% |
| November | 6,268 | 5,528 | -12% | -6% | 3,741 | 3,504 | -6% | -3% |
| December | 7,254 | 5,805 | -20% | 5% | 4,191 | 3,590 | -14% | 2% |
Source: Knight Frank Research, Telangana Registration and Stamps Department
| Surge in registrations of high-value apartments: |
Properties priced under INR 50 lakhs accounted for majority of the registrations. However, a clear trend of premiumisation has emerged with homes priced at INR 1 crore and above increasing in share of total registrations from 10% in 2023 to 14% in 2024, with registrations surging 58% YoY, reflecting a growing preference for higher-value properties.
TICKET SIZE REGISTRATIONS
| 2023 | 2024 | YoY | 2023 | 2024 | YoY | |
| Volume Split (No of units) | Registration Value Split (INR cr) | |||||
| < 50 Lakh | 48,832 | 45,605 | -7% | 26,073 | 28,080 | 8% |
| 50 Lakh – 1 Crore | 16,085 | 19,964 | 24% | 8,588 | 12,292 | 43% |
| > 1 Crore | 6,995 | 11,044 | 58% | 3,004 | 5,563 | 85% |
Source: Knight Frank Research, Telangana Registration and Stamps Department
TICKET SIZE SHARE OF REGISTRATIONS
| 2023 | 2024 | |
| <50 Lakh | 68% | 60% |
| 50- 1 Crore | 22% | 26% |
| > 1 Crore | 10% | 14% |
Source: Knight Frank Research, Telangana Registration and Stamps Department
In 2024, majority of the registered properties in Hyderabad were concentrated in the range of 1,000 to 2,000 square feet (sq ft), accounting for 69% of all registrations. Units sized >2000 sq ft accounted for 14% of the total registrations as compared with the 11% registered during 2023.
REGISTRATION SPLIT BY UNIT SIZE
| Unit-size in sq ft | 2023 | 2024 |
| 0-500 | 3% | 3% |
| 500-1,000 | 16% | 14% |
| 1,000-2,000 | 70% | 69% |
| 2000-3000 | 9% | 11% |
| >3000 | 2% | 3% |
Source: Knight Frank Research, Telangana Registration and Stamps Department
At the district level, Medchal-Malkajgiri accounted for 42% of property registrations, closely followed by Rangareddy at 41%. Hyderabad district contributed the remaining 17% of total registrations.
REGISTRATION SPLIT BY DISTRICT
| District | December 2023 | December 2024 |
| Hyderabad | 14% | 17% |
| Medchal-Malkajgiri | 45% | 42% |
| Rangareddy | 40% | 41% |
| Sangareddy | 1% | 0% |
Source: Knight Frank Research, Telangana Registration and Stamps Department
The weighted average price of transacted residential properties witnessed a YoY increase of 6% during December 2024. Among the districts, Medchal-Malkajgiri experienced the most increase of 14% YoY while, Rangareddy experienced an increase of 3% YoY.
TRANSACTED PRICE BY DISTRICT
| District | Weighted Average Transacted price (INR per sq ft) | December 2024 (YoY change) |
| Medchal-Malkajgiri | 3,611 | 14% |
| Rangareddy | 4,508 | 3% |
| Total Market | 4,186 | 6% |
Source: Knight Frank Research, Telangana Registration and Stamps Department
Note: Weighted average transacted price depicts the price at which properties have been registered in a district/ market during a particular period. It uses the area transacted as the weight.
Beyond the concentration of bulk transactions, homebuyers also purchased plush properties that are larger in size and offer superior amenities. The top five deals in December 2024 involved properties exceeding 3,000 sq ft and valued above INR 5.5 crore. Four of these transactions were recorded in Central Hyderabad, while one was in Raidurg, West Hyderabad.
TOP 5 TRANSACTIONS OF THE MONTH
| District Name | Location | Area range (Sq ft) | Market Value (INR) |
| Hyderabad | Shaikpet | >3,000 | 7,71,96,800 |
| Hyderabad | Banjara Hills | >3,000 | 7,47,84,000 |
| Hyderabad | Ameerpet | >3,000 | 7,11,35,000 |
| Rangareddy | Raidurg | >3,000 | 6,14,25,600 |
| Hyderabad | Jubilee Hills | >3,000 | 5,52,52,000 |
Source: Knight Frank Research, Telangana Registration and Stamps Department
OVERALL TRANSACTIONS DURING DECEMBER 2024
Source: Knight Frank Research, Telangana Registration and Stamps Department
Launches
Analysing launch trends in Hyderabad’s real estate market reveals a growing demand for larger, family-oriented homes. Apartment launches in 2023 and 2024 emphasises this shift, with 3BHK units maintaining their dominance, increasing their share from 55% to 56%, reflecting sustained interest among homebuyers. Similarly, 2-BHK apartments grew from 29% to 31%, appealing to smaller households and budget-conscious buyers. Conversely, 2.5-BHK units saw a marginal decline from 3% to 2%, while 4-BHK apartments dropped from 9% to 7%, highlighting limited but niche demand for these configurations. Meanwhile, 1BHK and 3.5BHK units remained steady at 3% and 1%, respectively. These trends illustrate the premiumization of Hyderabad’s housing market, driven by a preference for homes that offer greater space and comfort.
TABLE: TYPE OF APARTMENT LAUNCHES
| Type of Apartment | 2023 | 2024 |
| 1BHK | 3% | 3% |
| 2BHK | 29% | 31% |
| 2.5BHK | 3% | 2% |
| 3BHK | 55% | 56% |
| 3.5BHK | 1% | 1% |
| 4BHK | 9% | 7% |
Shishir Baijal, Chairman and Managing Director, Knight Frank India said, “Hyderabad’s real estate market has continued its upward trajectory in 2024, showcasing resilience and adaptability. Property registrations increased by 7% year-on-year, highlighting sustained demand. A notable shift in buyer preferences has emerged: properties priced below INR 50 lakhs now account for 60% of registrations, down from 68% in 2023. Meanwhile, the share of properties valued above INR 50 lakhs has climbed to 40%, up from 32% last year. This trend reflects a rising preference for premium and luxury living, driven by Hyderabad’s strong economic fundamentals and the growing aspirations of homebuyers. Developers are responding proactively to this demand by launching upscale projects tailored to evolving market needs. The sustained momentum in the high-value segment underscores the confidence of affluent buyers in Hyderabad’s thriving residential real estate market, reaffirming the city’s position as a hub for premium living and investment opportunities.”
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