Hyderabad’s Under-Construction Residential Market sees 11.9% Price Surge:
11 Jan 2025 3:43 PM IST
Under Construction Building
Hyderabad's residential market showcased steady growth in the under-construction segment during Q4 2024 (October–December), with supply increasing by 4.5% year-on-year (YoY), according to Magicbricks Research. This growth highlights the city’s robust real estate dynamics, supported by its expanding economic base and rising preference for premium housing.
The average price of under-construction properties in Hyderabad climbed 11.9% YoY, reaching INR 9,090 per square foot (psf). This rise reflects developers’ focus on high-quality residential projects to meet evolving buyer aspirations.
Meanwhile, data by Magicbricks also revealed a 46.8% YoY increase in under-construction residential supply across major cities, reflecting heightened developer activity in response to strong market demand. The average price for under-construction properties across key markets stands at INR 12,064 psf.
The increased focus on under-construction properties aligns with rising demand, as developers expedite project timelines to meet the needs of potential homebuyers. This surge underscores the resilience of India’s residential real estate market, with developers actively contributing to supply in both affordable and premium segments.
Change in prices of under-construction properties in 1 year Average price psf in Under-construction properties (Q4 '24- October-December 2024) Change in supply of under-construction properties in the past one year
Ahmedabad 7.6% 6708 24.84%
Bangalore 25.7% 10988 114.08%
Chennai 14.8% 9260 8.20%
Greater Noida 21.1% 8281 65.58%
Gurgaon 20.5% 14579 98.89%
Hyderabad 11.9% 9090 4.50%
Kolkata 8.8% 7259 80.37%
Mumbai 12.8% 27725 21.25%
Navi Mumbai 13.2% 11738 -3.62%
New Delhi -20.3% 18150 -16.80%
Noida 19.0% 11706 55.88%
Pune 16.1% 9119 48.40%
Thane -2.2% 12228 27.99%
India 8.39% 12064 46.85%
( Source : Deccan Chronicle )
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