Hyderabad, Aug.9 (NSS): In its latest assessment, Knight Frank India reported that Hyderabad has registered homes worth Rs 4,266 crore during July 2024 up by 48% year-on-year (YoY), whilst number of registrations stood at 7,124 units up by 28% YoY.
Since January 2024, the city has seen cumulative home registrations of 46,368 units which, when compared to same time last year, is higher by 17%. Similarly, State’s revenue through stamp duty between January – June 2024 was recorded at Rs 28,578 crore registering a growth of 40% YoY. The Hyderabad residential market encompasses four districts, namely Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy, covering home sales relevant to both primary and secondary real estate markets.
At a district-level, Rangareddy emerged as the leading contributor to registrations in July 2024, capturing 41% of the market, a sharp increase as compared to the 37% recorded in July 2023. Medchal-Malkajgiri and Hyderabad district accounted for 40% and 19% of the total registrations respectively.
The weighted average price of transacted residential properties witnessed a sharp YoY increase of 8% during July 2024. Among the districts, Rangareddy, experienced the sharpest increase of 9% YoY while, Medchal-Malkajgiri and Hyderabad experienced an increase of 6% and 1% YoY respectively.
