Hyderabad’s real estate market is expanding, with a notable shift towards luxury properties this year. The city has registered more than 54,000 home sales in 2024, marking an 18 per cent year-over-year growth, according to the latest report from Knight Frank India

In August, 6,439 residential properties worth Rs 4,043 crore were registered. It was a 17 per cent increase in value compared to the same month last year. While overall registrations grew just 1 per cent year-on-year (Y-o-Y), the surge in value indicates a demand for luxury homes.

Luxury segment gains momentum

Properties priced at Rs 1 crore and above saw a 61 per cent Y-o-Y increase in registrations in August. This segment now comprises 15 per cent of all registrations, up from 9 per cent in August 2023.