Hyderabad’s real estate market experienced a record-breaking year in 2024, with total residential sales reaching ₹1.13 lakh crore, as per CREDAI Hyderabad and CRE Matrix. Northwest Hyderabad led the surge, contributing nearly 70% of total sales with 45,405 units sold, amounting to ₹71,926 crore. This region, which includes Madhapur, Miyapur, Manikonda, Serilingampally, Tellapur, Narsingi, Patancheru, and Gandi Maisamma, emerged as the city’s real estate hotspot.
Southwest Hyderabad followed with 9,109 units sold, valued at ₹29,342 crore, in key areas such as Rajiv Gandhi International Airport, Katedan, Attapur, and Balapur. In contrast, Northeast Hyderabad recorded sales worth ₹7,147 crore from 6,279 units, while Southeast Hyderabad witnessed the lowest numbers, with 4,384 units sold for ₹5,522 crore in locations like LB Nagar, Dilsukhnagar, Vanasthalipuram, and Pedda Amberpet.
Experts suggest that the government must now shift focus to developing the eastern parts of Hyderabad to balance the city’s growth and reduce traffic congestion in the west.
The report also revealed key insights into Hyderabad’s commercial real estate sector. The city witnessed 13 million square feet of office space demand, exceeding the 12.4 million square feet supply. Major office transactions included Google leasing 5.5 lakh square feet at Elegans Emperia and Metlife Services East acquiring 1.5 lakh square feet at Prestige Skypark. The IT-ITES sector accounted for 49% of the commercial space demand, followed by healthcare (18%), BFSI (10%), and the automobile sector (8%).
With total Grade A office stock at 151.1 million square feet and 82.9 million square feet under construction, Hyderabad continues to strengthen its position as a real estate and business hub.
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