Hyd residential market sees registration of 6,493 properties valued at Rs 3,461 Cr

HYDERABAD: Hyderabad recorded the registration of 6,493 residential properties in August, a rise of 15 per cent over last year and 17 per cent over July. The value of properties registered during August stood at Rs 3,461 crore, up 22 per cent over last year and 20 per cent over July, according to Knight Frank India.

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

The demand for properties was largely concentrated in the range of 1,000-2,000 sq ft (70 per cent) followed by 500-1,000 sq ft units (16 per cent. Properties larger than 2,000 sq ft also saw an increase in demand, with registrations rising to 11 per cent during August from 9 per cent in August 2022.

Medchal-Malkajgiri consistently maintains the top position with 43 per cent of home sales registrations, while Rangareddy district closely follows with 39 per cent of sales registrations. In contrast, Hyderabad district accounted for 17 per cent of the registrations.