Residential property registration fell by 18% in Oct-Dec in Telangana
Real Estate

Residential property registration fell by 18% in Oct-Dec in Telangana

According to Knight Frank, the residential market in Hyderabad, made up of four districts, Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy registered 68,519 residential units, a decline of 18% from the previous year. According to Vivek Rathi, Director-Research, Knight Frank, "It will be worthwhile to understand that there is a lag of 18-36 months from the time of purchase to the time of property registrations; therefore, while sales momentum continues, the registrations were lower in 2022. This number will improve as projects approach completion.”

Additionally, the overall sales value of these units decreased by 10% amounting to INR 336.05 billion. According to Knight Frank, residential units priced between INR 2.5 and 5 million made up 54% of all registrations in December 2022, up from 36% in December 2021. “This year will be a transition period as the market has touched the ceiling after a five-year run in terms of investors. While the end-user market continues to witness traction, investors have to resell to generate liquidity and reinvest in the property, said Sumanth Reddy, Vice Chairman, National Association of Realtors.

According to the most recent regulation data, demand for tickets priced under INR 2.5 million declined, with its share falling to just 17% from 40% a year before. Additionally, the share of properties with 1,000 square feet or more decreased from 73% in December 2021 to 70% in December 2022. However, in December 2022, the weighted average price of residential properties that were traded rose by 16% YoY. In December 2022, the Sangareddy district experienced the highest YoY growth of 30%, showing that more expensive residences were sold in this area during this time.

According to Vineet Surana, MD, APS Property Solutions, "Both land and residential prices growth in the Hyderabad market has been strong in recent times. With higher value property being sold in December 2022, the prices are expected to stabilise in the coming quarters.”

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

According to Knight Frank, the residential market in Hyderabad, made up of four districts, Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy registered 68,519 residential units, a decline of 18% from the previous year. According to Vivek Rathi, Director-Research, Knight Frank, It will be worthwhile to understand that there is a lag of 18-36 months from the time of purchase to the time of property registrations; therefore, while sales momentum continues, the registrations were lower in 2022. This number will improve as projects approach completion.” Additionally, the overall sales value of these units decreased by 10% amounting to INR 336.05 billion. According to Knight Frank, residential units priced between INR 2.5 and 5 million made up 54% of all registrations in December 2022, up from 36% in December 2021. “This year will be a transition period as the market has touched the ceiling after a five-year run in terms of investors. While the end-user market continues to witness traction, investors have to resell to generate liquidity and reinvest in the property, said Sumanth Reddy, Vice Chairman, National Association of Realtors. According to the most recent regulation data, demand for tickets priced under INR 2.5 million declined, with its share falling to just 17% from 40% a year before. Additionally, the share of properties with 1,000 square feet or more decreased from 73% in December 2021 to 70% in December 2022. However, in December 2022, the weighted average price of residential properties that were traded rose by 16% YoY. In December 2022, the Sangareddy district experienced the highest YoY growth of 30%, showing that more expensive residences were sold in this area during this time. According to Vineet Surana, MD, APS Property Solutions, Both land and residential prices growth in the Hyderabad market has been strong in recent times. With higher value property being sold in December 2022, the prices are expected to stabilise in the coming quarters.”

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

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