1. Home
  2. Real Estate
  3. Hyderabad sees registration of homes worth Rs 22.37 bn in Oct
Hyderabad sees registration of homes worth Rs 22.37 bn in Oct
Real Estate

Hyderabad sees registration of homes worth Rs 22.37 bn in Oct

11 Nov 2022 2 Min Read CW Team
Hyderabad recorded registration of 4,597 units of residential property in October 2022, with the total value of properties registered at Rs 22.37 billion, according to Knight Frank India.

Since the beginning of the year, the city has seen registration of 56,003 residential units with a total value of Rs 275.09 billion, it said.

The Hyderabad residential market includes four districts: Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy.

Shishir Baijal, chairman and managing director, Knight Frank India, said, “The rise in home loan interest rate in the last three quarters along with strong headwinds caused by the global geo-political tensions has started affecting the consumers. The Hyderabad market is also impacted, though it continues to remain appealing, and demand for larger homes remains promising.

“The city, which saw a significant rise in demand until mid of 2022, has seen a drop in registration in October 2022. While the lower ticket segment is affected, we expect that the higher value homes will continue to see momentum in the coming months, keeping the outlook for the city optimistic.”

Residential units in the price band of Rs 2.5-5 million constituted 51% of the total registrations in October 2022, which is an increase from 40% in October 2021. Demand in the under Rs 2.5 million ticket size however weakened, with its share constituting 22% compared to 35% a year ago.

Greater demand for larger ticket size homes remained evident as the cumulative share of sales registrations for properties with ticket sizes of Rs 5 million increased to 27% in October 2022 from 25% in October 2021.

See also:
Godrej Properties purchases 12 acre of land in Pune for building houses
With 340,000 unsold units in Mumbai, developers are under pressure

Hyderabad recorded registration of 4,597 units of residential property in October 2022, with the total value of properties registered at Rs 22.37 billion, according to Knight Frank India. Since the beginning of the year, the city has seen registration of 56,003 residential units with a total value of Rs 275.09 billion, it said. The Hyderabad residential market includes four districts: Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy. Shishir Baijal, chairman and managing director, Knight Frank India, said, “The rise in home loan interest rate in the last three quarters along with strong headwinds caused by the global geo-political tensions has started affecting the consumers. The Hyderabad market is also impacted, though it continues to remain appealing, and demand for larger homes remains promising. “The city, which saw a significant rise in demand until mid of 2022, has seen a drop in registration in October 2022. While the lower ticket segment is affected, we expect that the higher value homes will continue to see momentum in the coming months, keeping the outlook for the city optimistic.” Residential units in the price band of Rs 2.5-5 million constituted 51% of the total registrations in October 2022, which is an increase from 40% in October 2021. Demand in the under Rs 2.5 million ticket size however weakened, with its share constituting 22% compared to 35% a year ago. Greater demand for larger ticket size homes remained evident as the cumulative share of sales registrations for properties with ticket sizes of Rs 5 million increased to 27% in October 2022 from 25% in October 2021. See also: Godrej Properties purchases 12 acre of land in Pune for building housesWith 340,000 unsold units in Mumbai, developers are under pressure

Next Story
Infrastructure Energy
31 Jan 2025

Digital Economy, Renewable Energy to Boost Job Creation: Economic Survey

The Economic Survey 2024-25, presented by Union Finance Minister Nirmala Sitharaman, indicates substantial improvement in India’s labour market, driven by strong post-pandemic recovery and formalisation of the workforce. Key findings include a significant drop in the unemployment rate from 6 per cent in 2017-18 to 3.2 per cent in 2023-24. Additionally, there has been notable growth in female labour force participation, which increased from 23.3 per cent in 2017-18 to 41.7 per cent in 2023-24.Other highlights include:Over 30.51 crore unorganised workers registered on the eShram portal, suppor..

Read More
Next Story
Real Estate
31 Jan 2025

Aditya Birla Housing Finance Secures Rs 8.3 Billion from IFC

Aditya Birla Housing Finance Ltd. (ABHFL), a subsidiary of Aditya Birla Capital, has raised Rs 8.3 billion through non-convertible debentures (NCDs) from the International Finance Corporation (IFC). The company stated that the funds will be used to provide housing loans to low- and middle-income groups (LIG and MIG), with a special focus on promoting homeownership among women. Additionally, a portion of the investment will support MSMEs, particularly women-led enterprises, to drive economic growth. The initiative aims to strengthen financial inclusion and uplift underserved communities in the ..

Read More
Next Story
Infrastructure Energy
31 Jan 2025

Bihar to Bid Out 2,400 MW Power Plant by March

The Bihar government plans to auction the proposed 2,400 MW coal-based power plant at Pirpainti by March 2025. Part of the state's FY25 budget initiatives, the project is valued at Rs 214 billion, covering multiple power sector developments. Coal for the plant is expected to come from Eastern Coalfields, with fuel and location already determined to streamline the bidding process. Discussions are underway to finalise coal supply under the SHAKTI scheme, with a resolution expected by February. The Central government has also pledged support for fast-tracking environmental clearances to facilit..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Digital Economy, Renewable Energy to Boost Job Creation: Economic Survey
POWER & RENEWABLE ENERGY
31 Jan 2025

Digital Economy, Renewable Energy to Boost Job Creation: Economic Survey

Aditya Birla Housing Finance Secures Rs 8.3 Billion from IFC
Real Estate
31 Jan 2025

Aditya Birla Housing Finance Secures Rs 8.3 Billion from IFC

Bihar to Bid Out 2,400 MW Power Plant by March
COAL & MINING
31 Jan 2025

Bihar to Bid Out 2,400 MW Power Plant by March

Afcons Infra Shares Rise After Rs 12.83 Billion Gujarat Contract Win
ECONOMY & POLICY
31 Jan 2025

Afcons Infra Shares Rise After Rs 12.83 Billion Gujarat Contract Win

We are shaping the next era of vertical mobility
ECONOMY & POLICY
31 Jan 2025

We are shaping the next era of vertical mobility

Brookfield REIT Q3 NOI Rises 11% to Rs 5.03 Bn
Real Estate
31 Jan 2025

Brookfield REIT Q3 NOI Rises 11% to Rs 5.03 Bn

Gurugram’s Key Corridor Set for Expansion
RAILWAYS & METRO RAIL
31 Jan 2025

Gurugram’s Key Corridor Set for Expansion

Mumbai-Ahmedabad Bullet Train: Major Progress in Maharashtra
RAILWAYS & METRO RAIL
31 Jan 2025

Mumbai-Ahmedabad Bullet Train: Major Progress in Maharashtra

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000