{"id":2392,"date":"2024-08-06T12:56:00","date_gmt":"2024-08-06T07:26:00","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=2392"},"modified":"2026-04-02T15:34:18","modified_gmt":"2026-04-02T10:04:18","slug":"hyderabad-housing-market-sees-record-growth-in-h1-2024","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/hyderabad-housing-market-sees-record-growth-in-h1-2024\/","title":{"rendered":"Hyderabad Housing Market Sees Record Growth in H1 2024"},"content":{"rendered":"\n<p>Hyderabad\u2019s residential market has entered a high-growth phase in H1 CY\u201924, driven by strong demand and rising ticket sizes. The city recorded its highest-ever sales value in the last five years, indicating sustained buyer confidence and increasing participation in premium housing.<\/p>\n\n\n\n<p>The total value of homes sold reached \u20b958,841 crore, marking a sharp rise compared to previous years, as highlighted in the <a href=\"https:\/\/www.crematrix.com\/research\/report-details\/231\/hyderabad-housing-report-july24\">Hyderabad Housing Report H1 CY\u201924<\/a> by CREDAI Hyderabad and CRE Matrix. Developers and investors are actively capitalising on this momentum, especially in high-value segments.<\/p>\n\n\n\n<h2><strong>Sales Surge Driven by Strong Demand Across Segments<\/strong><\/h2>\n\n\n\n<p>Hyderabad\u2019s housing market has expanded significantly in both volume and value. Total unit sales have risen sharply since H1 CY\u201919, while the overall value of transactions has grown at an even faster pace. The market has maintained a strong growth trajectory over the years, supported by a healthy CAGR in sales value. <\/p>\n\n\n\n<p>At the same time, the average ticket size has increased considerably, indicating that buyers are increasingly opting for higher-value homes. This trend highlights a combination of strong end-user demand and a clear shift toward premium housing.<\/p>\n\n\n\n<h2><strong>Luxury Housing Emerges as a Key Growth Driver<\/strong><\/h2>\n\n\n\n<p>The luxury segment has become one of the most important contributors to Hyderabad\u2019s housing boom. Buyers are increasingly moving toward premium and ultra-premium properties.<\/p>\n\n\n\n<ul><li>Homes priced above \u20b910 crore saw a 63X growth in value<\/li><li>The \u20b95\u2013\u20b910 crore segment recorded a 449% increase in value<\/li><li>Units above \u20b910 crore grew nearly 89 times in volume<\/li><\/ul>\n\n\n\n<p>This trend clearly signals rising affluence and a strong appetite for luxury living.<\/p>\n\n\n\n<h2><strong>Mid-Segment Housing Continues to Dominate<\/strong><\/h2>\n\n\n\n<p>Despite the rise of luxury housing, mid-income housing remains the backbone of the market.<\/p>\n\n\n\n<p>The \u20b91\u2013\u20b92 crore segment emerged as the highest-performing category by value in H1 CY\u201924. This segment continues to attract both end-users and investors due to its balance of affordability and lifestyle offerings.<\/p>\n\n\n\n<p>At the same time, even the sub-\u20b91 crore segment recorded over 100% growth in value, showing that demand remains broad-based.<\/p>\n\n\n\n<h2><strong>Supply Declines While Inventory Gets Absorbed Faster<\/strong><\/h2>\n\n\n\n<p>While demand surged, supply additions slowed down, creating a tighter market.<\/p>\n\n\n\n<ul><li>New launches declined from ~50,000 units in H1 CY\u201922 to ~22,000 units in H1 CY\u201924<\/li><li>Unsold inventory reduced to ~1.05 lakh units<\/li><li>Inventory overhang stands at ~16 months<\/li><\/ul>\n\n\n\n<p>This indicates that the market is moving toward equilibrium, with strong absorption keeping inventory levels in check.<\/p>\n\n\n\n<h2><strong>North-West Hyderabad Leads Market Activity<\/strong><\/h2>\n\n\n\n<p>North-West Hyderabad continues to dominate the city\u2019s residential market, contributing the highest share of total value.<\/p>\n\n\n\n<p>The region accounted for 62% of the total value sold, amounting to \u20b936,276 crore in H1 CY\u201924. Strong infrastructure, established micro-markets, and large-scale developments have driven this growth.<\/p>\n\n\n\n<ul><li>Value of units sold increased by 206%<\/li><li>Unit sales rose by 161%<\/li><li>Average ticket size reached \u20b91.4 crore<\/li><\/ul>\n\n\n\n<p>The \u20b91\u2013\u20b92 crore segment remains the most active in this region.<\/p>\n\n\n\n<h2><strong>South-West Hyderabad Records Explosive Growth<\/strong><\/h2>\n\n\n\n<p>South-West Hyderabad has emerged as the fastest-growing micro-market in terms of value.<\/p>\n\n\n\n<p>The region recorded a massive 610% growth in the value of units sold, supported by increasing traction in premium housing.<\/p>\n\n\n\n<ul><li>Average ticket size rose to \u20b92.9 crore<\/li><li>The \u20b92\u2013\u20b95 crore segment led demand<\/li><li>The market recorded a CAGR of 48%<\/li><\/ul>\n\n\n\n<p>This reflects a clear shift toward larger homes and premium developments in this corridor.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2><strong>North-East and South-East Markets Show Steady Growth<\/strong><\/h2>\n\n\n\n<p>Other regions in Hyderabad are also witnessing consistent expansion, supported by affordability and infrastructure development.<\/p>\n\n\n\n<h3><strong>North-East Hyderabad<\/strong><\/h3>\n\n\n\n<ul><li>Value of units sold increased by 179%<\/li><li>Average ticket size stands at \u20b91 crore<\/li><li>Demand remains strong in the sub-\u20b91 crore segment<\/li><\/ul>\n\n\n\n<h3><strong>South-East Hyderabad<\/strong><\/h3>\n\n\n\n<ul><li>Value grew by 281%<\/li><li>Average ticket size reached \u20b970 lakh<\/li><li>Affordable housing continues to drive demand<\/li><\/ul>\n\n\n\n<p>These regions continue to attract first-time homebuyers and budget-conscious investors.<\/p>\n\n\n\n<h2><strong>Hyderabad Remains More Affordable Than Other Metros<\/strong><\/h2>\n\n\n\n<p>Compared to Bengaluru and Gurugram, Hyderabad still offers relatively affordable housing options.<\/p>\n\n\n\n<p>Most transactions in Hyderabad continue to occur below \u20b97,000 per sq. ft., unlike other metros where prices have moved significantly higher.<\/p>\n\n\n\n<p>At the same time, developers in Hyderabad offer larger apartment sizes, making the city more attractive for end-users seeking value for money.<\/p>\n\n\n\n<p>Hyderabad\u2019s housing market shows no signs of slowing down. Strong demand, rising incomes, and increasing preference for premium housing will continue to drive growth.<\/p>\n\n\n\n<p>However, limited new supply could tighten the market further, pushing prices upward in the coming quarters. Developers with ready inventory and well-located projects are likely to benefit the most.<\/p>\n\n\n\n<p>Overall, Hyderabad stands out as one of the most resilient and high-performing residential markets in India today.<\/p>\n\n\n\n<p>Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights.&nbsp;<a href=\"https:\/\/www.crematrix.com\/#schedule_demo\">Book a demo now<\/a>!<\/p>\n\n\n\n<h3><strong><em>Media Mentions<\/em><\/strong><\/h3>\n\n\n\n<ul><li><strong>Hindustan Times: <\/strong><a href=\"https:\/\/www.hindustantimes.com\/real-estate\/hyderabad-real-estate-market-housing-sales-touch-rs-58-000-crore-in-h1-2024-101723003483011.html\">Hyderabad real estate market: Housing sales touch \u20b958,000 crore in H1 2024<\/a>.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyderabad\u2019s residential market has entered a high-growth phase in H1 CY\u201924, driven by strong demand and rising ticket sizes. The city recorded its highest-ever sales value in the last five years, indicating sustained buyer confidence and increasing participation in premium housing. The total value of homes sold reached \u20b958,841 crore, marking a sharp rise compared &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.crematrix.com\/blog\/hyderabad-housing-market-sees-record-growth-in-h1-2024\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Hyderabad Housing Market Sees Record Growth in H1 2024&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2420,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[147],"tags":[175,4,168],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hyderabad Housing Market H1 2024: Sales Surge, Rising Prices &amp; Luxury Boom<\/title>\n<meta name=\"description\" content=\"Hyderabad housing market in H1 2024 records \u20b958,841 Cr sales value, rising prices, and strong luxury demand. 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