Tag: Hyderabad Real Estate Market

TMR: Hyderabad residential property registrations witness a monumental high

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Hyderabad, the city of the Nizams and the pearls, has witnessed tremendous growth in terms of real estate expansion in recent years. As a thriving IT hub today, the city has expanded its horizons to accommodate the dreams of several people who now call it home. No doubt, this has translated to a surge in real estate demand, both for residential and commercial places.

While the real estate sector in many other cities continues to pick up momentum in the aftermath of the pandemic, Hyderabad has witnessed a monumental high in terms of its residential property registrations. The industry recorded a 30% YoY rise in property registrations in September 2023, compared to the September 2022 season, according to market researchers and industry experts.

Figures state that the total value of properties registered during the month stood at a whopping Rs. 3,378 crore. This figure too has increased by 42% YoY, thus highlighting the trend of the sale of more expensive homes.

The Hyderabad residential market is made up of four districts – Hyderabad, Rangareddy Medchal-Malkajgiri, and Sangareddy.

According to the report, the highest proportion of property registrations in Hyderabad in September 2023 was in the price range of Rs. 25 – 50 lakh. It accounted for about 51% of the total registrations. At the same time, properties priced below Rs. 25 lakhs constituted for about 15% of the total registrations, whilst the share of sales registrations for properties priced Rs. 1 crore and above was 9%.

Majority of these properties registered belong to the range of 1,000-2,000 sq ft, as this category of home size accounted for about 71% of registrations. The registrations for smaller homes (500-1,000 sq. ft.) however fell to 14% during September 2023, from 16% in September 2022. On the other hand, properties larger than 2,000 sq. ft., witnessed an increase in demand, as registrations rose to 11% during September 2023, from 9% in September 2022.

District wise, Medchal-Malkajgiri secured the top position with 45% home sales registrations, while Rangareddy district followed closely with 41% sales registrations. Interestingly, Hyderabad district accounted for just 14% of the total registrations in September 2023. The report also highlights that a large concentration of bulk transactions were for plush properties, which were bigger in size and offered better facilities and amenities.

Following the development activity in the city, developers in Hyderabad have prioritized the launch of larger units and independent homes, to give the market a further boost.

At TMR Group, we offer gated community open plots to build the homes of your dreams. Our vaastu compliant plots with amenities and profitable returns assure you of a flourishing future. TMR Green Meadows at Chegunta, in Medchal, and TMR Swiss County at Maheshwaram in Rangareddy offer prospects for a thriving future. To know more about these projects, visit  https://tmrinfra.com/

Hyderabad real estate market is at its peak!

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Hyderabad’s real estate continues to make rapid strides and is expanding rapidly across the state without showing signs of a slowdown or fatigue. It exhibits an uncanny resilience and remains unperturbed by impacting factors, including the worldwide economic slowdown.

New areas along the suburbs and beyond have come up owing to state policies and infrastructure development. The city’s peripheries have been stretched with more promise for development. Keeping up with this positive vibe of Hyderabad’s residential market, prospective property seekers are actively expressing interest not only in the developed property zones and the city’s central districts but also in the new and emerging ones.

The west and north zones have undisputedly led the momentum of the city realty’s success story. Their growth has attracted local property buyers and investors from across the country. These are also the preferred localities by the NRI community from Telangana and other southern states. Simultaneously, localites and migrants working in IT and Pharma continue to explore the option of investing and acquiring property in western and northern Hyderabad.

The vicinities of the north and west Hyderabad are adding more momentum to the core city. Locations like Tellapur, Medchal, and others which were little known till a few years back, are now bustling with residential real estate.

According to yearly industry reports, Hyderabad’s residential market continued with its momentum of strong sales, which started towards the end of 2021. In the year 2022, the city recorded a 28% year-on-year growth. The housing sales in 2022 accounted for 31,046 units. This figure, reports highlight, is the highest sales recorded in the city since 2011.

There was also a substantial rise in new launches, with the addition of 43,847 new units in 2022. Capitalising on this shift in home-buyers sentiments, developers also launched a steady number of new projects in the city during the year. Meanwhile, the average prices of real estate in the city grew by 6% year on year in 2022.

According to reports, Hyderabad’s residential market recorded a sale of 16,353 units in the second half of 2022. The total launches in the last six months of 2022 grew by 18% to 22,491. North Hyderabad witnessed a growth of 19% in the share of total sales from July- December 2022.

Hyderabad has residential offerings that match every need and every budget. However, the mid-ranged housing of Rs 50 lakh to Rs 1 crore accounted for 45% in the second half of 2022. The ticket size segment of Rs 1 crore and above also gained traction. The need to upgrade the homes to meet the growing requirements of space has resulted in a substantial demand for ticket sizes higher than Rs 50 lakh.

Despite significant obstacles, including geopolitical developments, an increase in house mortgage rates, and other factors, the city’s residential sector has witnessed a rise. The demand for higher-value properties is still strong, thus preserving the market’s upbeat outlook.

Ever-growing job opportunities, infrastructural advancement, affordable housing for every pocket, superior standards of living, and excellent connectivity have made an investment in north Hyderabad an investment for the future. With TMR Group, invest in plots in the hotspots around Hyderabad that unlock a future full of growth and profitable returns for you and your family. Visit https://tmrinfra.com/ today to know more!

Real Estate Business on Fast Track!

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As the effects of the COVID induced pandemic wane off globally, markets and economies have picked up on their pace. The real estate narrative especially continues to witness a surge in demand.  Indian cities and centres are no exception to this. The real estate narrative in Hyderabad continues to strengthen with renewed energy as public interest in property matters is gets rejuvenated.

Hyderabad has emerged among India’s fastest-growing and most prosperous metro cities in recent years. The Hyderabad real estate market has maintained its momentum with a robust 32% growth in sales in the third quarter of 2022 and a 19% growth in new projects. This sale isn’t limited to just residential properties, but commercial spaces too.

Hyderabad is poised to become a global hub for IT, ITeS companies, and manufacturing firms. No doubt, this rise in employment has a major impact on real-estate, as the market shows no sign of slowing.

By September 2022, the registration of residential units in Hyderabad had already crossed the 50,000 mark. According to latest reports, the Hyderabad residential market, which includes the districts of Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy, has since the beginning of the year seen the registration of 50,953 residential units, which amount to a total worth of Rs 25,094 crore.

Experts say that the strong momentum in demand has in-turn increased the supply of new residential projects in the city. 11,000 housing units were launched to keep up with the surge, which registered 19% YoY growth during the quarter. Hyderabad also witnessed a healthy surge in price growth with the aggregate residential value moving up by 6% YoY during the third quarter of 2022.

Apart from the residential demand, the city also observed office space transactions of eight lakh square feet during the third quarter. A report says that the city witnessed new office completions that reach up to 33 lakh square feet. With an average rent increase of 7% YoY, the city has also recorded the third highest 12 months office rental value growth across eight leading Indian cities during this quarter.

Industry observers have noted that Hyderabad recorded registrations of 4,307 units of residential properties in September 2022 alone. The total value of these properties stand at a high of Rs. 2,198 crore.

At the district level, home sales registrations in the Medchal-Malkajgiri district were recorded at 43%, followed by Rangareddy district at 41% in September. Medchal- Malkagiri districts saw the steepest rise of 21% YoY in September 2022. This is a sign that higher value homes and plots were sold in this location during this period.

When it comes to investment localities that offer good returns, the areas within Outer Ring Road of Hyderabad and those closer to the Hyderabad Airport are the best choice. Locations such as BN Reddy Nagar, Shadnagar, Shamshabad, Chegunta and Maheshwaram are fast developing, offering a high return on investment. At TMR Group, we believe in helping our customers make investments that help them grow their wealth. Our plots at TMR Swiss County in Maheshwaram and TMR Green Meadows at Chegunta are strategically located near the Outer Ring road, Airport and other proposed investment projects to ensure that you’re always seamlessly connected to the pulse of development. Make a sound investment in plots by TMR and help your investments flourish safe and sound. To know more about, https://tmrinfra.com/