HYDERABAD: According to the Hyderabad Housing Report by the Confederation of Real Estate Developers’ Associations of India (CREDAI), the total value of homes sold in Hyderabad for the calendar year 2024 reached ₹58,841 crore, marking the highest annual sales value in the past five years.
The report highlights a remarkable 449% increase in sales within the ₹5 crore to ₹10 crore segment, with sales amounting to ₹7,427 crore in the first half of 2024 compared to the same period in 2019. Additionally, the average value of a flat sold in Hyderabad rose to ₹1.5 crore in H1 2024, a 44% increase from ₹1.1 crore in 2019.
CREDAI also reported a 257% growth in primary sales performance for Hyderabad in the current semi-annual period relative to H1 2019. The market saw a 63-fold increase in the segment exceeding ₹10 crore, with sales totaling ₹4,861 crore in H1 2024.
The Hyderabad real estate sector has experienced a substantial Compound Annual Growth Rate (CAGR) of 29% in the total value of unit sales from H1 2019 to H1 2024.