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Hyderabad Beats Other Top 7 Cities in Terms of Housing Sales
The real estate in the city is surely and swiftly seeing an upward curve in Q2 of 2022.
G
Guru Prasad
Hyderabad
Fri Apr 29 2022
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Hyderabad Beats Other Top 7 Cities in Terms of Housing Sales
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The real estate in the city is surely and swiftly seeing an upward curve in Q2 of 2022. The pandemic and the following lockdown and slowdown across the country and supply chain constraints haven't impacted the realty market in Hyderabad city, and it continues to do good business.


There have been new launches and improved sales in the post-COVID quarters, with 2021 seeing an all-time high in terms of yearly supply. According to a report by Anarock titled 'Riding the Rebound: Hyderabad Real Estate,' the sales increased almost three-fold in 2021 when compared to the past year, and 51,000 units were launched, which happens to be a 234 percent increase when came to yearly launches. Incidentally, Hyderabad also happens to be the most affordable residential market among the top seven cities, with an sq ft costing Rs 4450.


About 25,400 housing units were sold in 2021, which is a 197 percent growth against 2020. In the first quarter of 2022, which is till March, 13,140 units were sold, registering the highest sales growth of 199 percent among all top seven cities in 2021.


The report also says that the housing inventory overhang declined from 53 months in the first quarter of 2021 to 27 months in the same period in 2022. Given the various accelerators, Hyderabad has been on the interest radar of various stakeholders like investors, developers, and homebuyers. West Hyderabad saw major new launches in Q1 2022, accounting for 60 percent of the city's new supply, closely followed by north Hyderabad with 32 percent launches. East and south Hyderabad together saw 5 percent residential launches.


As for the pricing, the high-end segment accounted for 51 percent, followed by the mid-segment at 29 percent and 11 percent in the luxury housing segment.


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Hyderabad Beats Other Top 7 Cities in Terms of Housing Sales
Hyderabad Beats Other Top 7 Cities in Terms of Housing Sales
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