Hyderabad continues its momentum in the growth of the residential real estate segment. The city of Nawabs saw a huge 197% increase in residential sales from 8,560 units in 2020 to 25,410 in 2021, the highest growth among the top seven cities of the country.
Chennai stood second with 86% growth at 12,530 units in 2021 compared to 6,740 units in 2020 which is way behind Hyderabad, while Bengaluru recorded the lowest growth among the top seven cities a 33% increase of 33,080 units in 2021 from 24,910 units in 2020.
As per Anarock's research, Hyderabad witnessed a 209% growth in residential sales in Q4 2021 at 11,030 units from 3,570 units in Q4 2020.
The state capital also added about 51,470 units in 2021, registering a yearly increase of 144% over 2020, the second-highest in India, following Kolkata with a 290% increase. Hyderabad saw a 71% increase over pre-Covid 2019 levels.
Approximately 81% new supply was added in the mid-segment (Rs 40 lakh to Rs 80 lakh) and the premium segment (Rs 80 lakh to Rs 1.5 crore budget range).