Hyderabad has cemented its position as a key player in India’s residential real estate market, recording significant growth in housing launches and sales during 2024. The CBRE ‘India Market Monitor Q4 2024’ report highlights that the city contributed a notable share to the 63% of residential unit launches driven collectively by Mumbai, Pune, and Hyderabad. This places Hyderabad firmly among the nation’s top metropolitan hubs, shaping housing market trends and driving real estate activity.
Hyderabad’s residential market experienced robust year-on-year growth, mirroring the national momentum that saw sales exceed 302,900 units for the second consecutive year. New residential launches reached over 280,000 units in 2024, with Hyderabad contributing 13% in Q4 alone, reflecting a 10% quarter-on-quarter increase.
|
Metric
|
Performance in 2024
|
Additional Insights
|
|
New Unit Launches
|
Over 280,000 new units were launched nationwide.
|
Hyderabad’s Q4 launches rose by 10% QoQ, driven by strong developer confidence.
|
|
Housing Sales
|
302,900 housing units sold nationally, surpassing the 300,000 marks for the second consecutive year.
|
Hyderabad contributed significantly, with a 7% QoQ rise in Q4 sales, boosted by festive demand.
|
|
Mid-End Housing
|
The mid-end segment (?45 lakh–?1 crore) captured 40% of total sales in 2024.
|
Reflects Hyderabad’s ability to meet diverse homebuyer preferences across affordability and quality.
|
Sales and capital values also exhibited positive movement. Hyderabad recorded a steady rise in demand across mid-end, high-end, and luxury housing segments, collectively accounting for the majority of sales. Properties priced between ?2 crore and ?4 crore, and above ?4 crore, witnessed heightened demand, signaling a shift toward premium and luxury offerings.
The city’s IT-driven economic landscape, improved infrastructure, and favourable policies have played a pivotal role in attracting both domestic and international buyers.
Demand for Spacious and Premium Living
Hyderabad’s housing trends show a clear preference for spacious, high-quality residences. The mid-end housing category dominated sales with a 40% share in 2024, while the luxury segment also recorded substantial growth, with a 9% share in Q4. The festive season in late 2024 further boosted sales, reinforcing Hyderabad’s role as a critical market for real estate developers and investors.
|
Category
|
Performance in 2024
|
Key Drivers
|
|
Luxury Housing
|
Sales in the ?4 crore and above segment increased by 53% nationwide, with Hyderabad contributing significantly.
|
Hyderabad’s appeal among high-net-worth individuals and NRIs seeking prime properties.
|
|
Premium Housing
|
Demand in the ?2 crore–?4 crore segment surged in 2024.
|
Reflects growing aspirations for spacious, high-quality residences.
|
|
Market Attractiveness
|
Hyderabad continues to attract a diverse buyer base.
|
Favourable policies, robust infrastructure, and a thriving IT ecosystem boost demand across buyer profiles.
|
Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa at CBRE, said, “Hyderabad has emerged as a vital player in India’s real estate sector, driven by robust fundamentals and growing demand for premium housing. Its consistent performance makes it a standout market in the country.”
Shishir Baijal, Chairman and Managing Director of Knight Frank India, observed, “Hyderabad continues to attract homebuyers across segments, from affordable to luxury. The city’s ability to adapt and grow ensures its relevance in India’s rapidly evolving housing market.”
Kirthi Chilukuri, Founder & Managing Director of the Stonecraft Group, shared his vision for Hyderabad’s real estate trajectory: “Hyderabad’s exceptional growth aligns with our commitment to delivering innovative, high-quality real estate solutions. The city’s dynamic environment and progressive policies provide an ideal platform for projects catering to modern homebuyers’ aspirations.”
He added, “With our latest expansion into assisted living, we aim to redefine assisted living by introducing premium, managed living solutions tailored to the evolving needs of our ageing population. Hyderabad’s weather, connectivity, and inclusive culture make it the perfect location for our first assisted living venture. This marks a significant step in our journey to address the changing needs of society while maintaining our hallmark focus on quality and innovation.”
As Hyderabad continues to play a vital role in India’s real estate boom, stakeholders remain optimistic about its long-term prospects. With its diverse housing options, thriving IT ecosystem, and strategic developments, the city is poised to maintain its momentum as one of India’s most dynamic real estate markets in 2025 and beyond.
