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Quarterly residential real estate analysis of top 8 cities in India

Hyderabad Real Estate Report Jul-Sep 2021

2912 Oct 14, 2021 Download Report
  • Housing demand is predominantly driven by end-users, HNIs and NRIs, and a minuscule share of investors. In general, 2 and 3 BHK units remained popular.
  • West Hyderabad accounted for the largest share in new launches, growing by over 250 percent, YoY. Areas such as Nanakramguda, Kokapet, Narsingi, and Kondapur in the western quadrant ruled the roost in terms of buyer enquiries, new launches, and residential sales.
  • Buying luxury homes, including villas, is gradually becoming a trend in the city. Demand for budget homes has increased in the fringes of the city, particularly for houses in the price range of Rs 60 lakh-80 lakh.
  • The rental housing market is still at a tipping point as more than 55 percent of the companies have deferred their re-opening schedules.
  • Rented accommodations are in demand, particularly in areas such as Manikonda, Kukatpally, Gachibowli.



Property Prices
Rental Rates
* Property prices represent quarterly change * Rental rates represent yearly change

* Supply is basis properties listed on * Demand is basis queries received on



Regardless of the second wave of COVID-19 and other macro-economic challenges, Hyderabad’s realty demonstrated growth in terms of demand as well as supply in Jul-Sep 2021. This recovery in the demand can be attributed to robust fundamentals of the city’s real estate market, ease in lockdown curbs, and a significant decrease in the number of COVID-19 cases which ensured business continuity. Housing demand in the city is predominantly driven by end-users, HNIs and NRIs, and a miniscule share of investors. In general, 2 BHK and 3 BHK units, measuring 1,100-1,300 sq ft and 1,500- 2,500 sq ft, respectively, remained popular. New residential projects received decent response from the buyers in Q3 2021.

Similar to the trend observed in H1 2021, launches majorly confined to the western corridor of the city. The region accounted for the largest share in new launches, growing by over 250 percent, YoY, in H1 2021. The mid and the high-income budget segments witnessed the launch of a number of projects in Jul-Sep 2021. Healthy demand from potential buyers helped lift sales that initially witnessed a dip amid resurgence of COVID-19 cases in April 2021. Led by consistent demand, prices of premium homes have firmed up in the last quarter.

While the capital market seems to have taken the road to recovery, the rental market would take another quarter to bounce back. The festive period may play an important role in triggering growth in the market.


Key micro-markets across budget segments

Key micromarketsAverage Capital 'Asks'Average Rental 'Asks'Rental Yield
Within Rs 40 lakhChandanagar3,520 - 4,120133.54%
Tolichowki3,630 - 4,520113.42%
Rs 40 lakh - Rs 1 croreMiyapur3,520 - 4,500113.10%
Manikonda4,430 - 5,550133.34%
Kukatpally4,740 - 5,880143.04%
Rs 1 crore and aboveGachibowli6,070 - 8,030182.98%
Kondapur5,220 - 6,670153.11%
Hi-Tech City7,180 - 8,750213.15%

* Note: Rental Yield has been calculated for a 1,000 sq ft apartment. **Average property prices and rental rates have been calculated as per listings posted on in the studied quarter. ***The range of property prices may vary by 10 percent depending on the age and furnishing status of the residential apartments



Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
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