The average housing prices across India’s top eight cities witnessed a significant 10% annual increase in the first quarter of 2024 (Q1 2024). This surge in prices is attributed to robust residential demand, especially in the premium and luxury housing segments, as buyers seek stability in the lending ecosystem and invest in emerging micro-markets benefiting from infrastructure projects.
The Hyderabad residential market witnessed a 10% decline in property registrations, with March 2024 recording 6,416 transactions. Properties priced between ₹25 and 50 lakh remained popular, while those priced above ₹1 crore saw increased demand. The market was dominated by apartments ranging from 1,000 to 2,000 square feet, with Rangareddy district contributing the most to the registrations.
