Aparna Constructions and Estates continues to dominate Hyderabad’s residential market, while Prestige Group follows closely, securing its position among the top 10 developers for the highest registered home sales and value.
Hyderabad, Telangana, November 5, 2024 – Hyderabad’s residential real estate market continues to demonstrate resilience, posting robust performance in the September quarter. Despite a slight sequential dip, the city recorded a 7% annual growth in registered residential transactions during the July-September 2024 period, as reported by Square Yards. A total of 19,527 transactions were recorded in the IGR, as compared to 18,314 in same period last year.
In the September 2024 quarter, the total registered sales value surged to Rs. 11,718 crore, representing a 20% year-on-year increase. The average registered home sales value in Hyderabad reached Rs. 60 lakh, reflecting a 13% annual growth during the quarter.
| Hyderabad Residential Real Estate Summary – July-September 2024 | |||||
| Jul-Sep 2024 | Apr-Jun 2024 | Jul-Sep 2023 | Q-o-Q | Y-o-Y | |
| Registered Residential Transactions (No. of units) | 19,527 | 19,574 | 18,314 | -0.2% | 7% |
| Registered Home Sales Value (GTV) (Rs. crore) | 11,718 | 11,953 | 9,729 | -2.0% | 20% |
| Average Registered Sales Value (Rs. crore) | 0.60 | 0.61 | 0.53 | -1.7% | 13% |
*Analysis includes both primary and secondary residential registered transactions.
Source: IGR, SquareYards.com
Debayan Bhattacharya, Principal Partner & Sales Director, Square Yards said, “Hyderabad has maintained strong momentum, driven by growth in the IT sector and a steady influx of working professionals. In the September quarter, residential transactions increased by 7% year-on-year, while sales value saw an even more impressive growth of 20%. Buyers are prioritizing a blend of convenience and connectivity and are willing to pay a premium for such properties. In addition to established areas like Gachibowli and Madhapur, emerging localities such as Kokapet, Narsingi, and others near the Outer Ring Road (ORR) are experiencing heightened residential activity due to excellent connectivity to both the airport and Hyderabad’s IT hubs. Moving forward, we are confident the city’s residential market will sustain its upward trajectory in the upcoming months.”
Market Leaders and Key Projects
Aparna Constructions and Estates maintained its leadership in Hyderabad’s residential market, recording the highest number of transactions with 625 units sold, amounting to Rs. 510 crore. Notably, branded developers such as Prestige and Brigade have entered the top-10 developer list in recent quarters and have sustained their positions. Prestige Group secured the second spot, achieving a sales value of Rs. 334 crore across 214 residential transactions.
Both Aparna Constructions and Prestige experienced strong demand for projects offering excellent connectivity to the Outer Ring Road (ORR), including Aparna Zenon in Khajaguda and Prestige Tranquil in Kokapet. These projects were the top performers in the September quarter, leading in both transaction volume and sales value in Hyderabad.
| Top Developers by Registered Home Sales Value Hyderabad July-September 2024 | |||
| Rank | Developers | Registered Home Sales Value (Rs. crore) | Top Projects by Registered Home Sales Value |
| 1 | Aparna Constructions And Estates | 510 | Aparna Zenon, Aparna Sarovar Zicon |
| 2 | Prestige Group | 334 | Prestige Tranquil |
| 3 | Honer Developers | 158 | Honer Aquantis |
| 4 | Koncept Ambience Group | 135 | Ambience Courtyard |
| 5 | K Raheja Corp | 130 | Raheja Vistas |
| 6 | Vamsiram Builders | 130 | Vamsirams Jyothi Granuels |
| 7 | Plerum Infra Projects | 122 | Plerum Infra Orbit |
| 8 | BSCPL Infrastructure | 119 | Bollineni Bion |
| 9 | Brigade Group | 112 | Brigade Citadel |
| 10 | Indis Building Lifemarks | 105 | INDIS Viva City |
*Analysis includes primary residential registered transactions only.
| Top Developers by No. of Registered Residential Transactions Hyderabad July-September 2024 | |||
| Rank | Developers | Registered Residential Transactions (No. of units) | Top Projects by No. of Registered Residential Transactions |
| 1 | Aparna Constructions And Estates | 625 | Aparna Zenon, Aparna Sarovar Zicon |
| 2 | Prestige Group | 214 | Prestige Tranquil |
| 3 | Ramky Group | 174 | Ramky Truspace Aspire |
| 4 | K Raheja Corp | 151 | Raheja Vistas |
| 5 | Janapriya Engineers Syndicate | 137 | Janapriya Sitara |
| 6 | Koncept Ambience Group | 135 | Ambience Courtyard |
| 7 | Honer Developers | 135 | Honer Aquantis |
| 8 | Vasavi Group | 104 | Vasavi Metropolis |
| 9 | Indis Building Lifemarks | 96 | INDIS Viva City |
| 10 | Brigade Group | 90 | Brigade Citadel |
*Analysis includes primary residential registered transactions only.
Source: IGR, SquareYards.com
Area-wise and Budget-wise Trends
Hyderabad continues to see growth in its mid-to-high price segment, with the share of properties valued at Rs. 1 crore and above rising to 13% in the September 2024 quarter, up from 9% in the same period last year. Within this segment, homes priced between Rs. 1–2 crore held the largest share at 11%, marking an increase from 7% during the July-September 2023 period.
The city’s homebuyers remain inclined towards larger homes, with the highest volume of transactions (44%) falling within the 1,000–1,500 sq. ft. range. Notably, properties sized between 1,500–3,000 sq. ft. accounted for the second-largest share of 37% of total transactions, up from 31% last year, as demand for 3 BHK and above configurations continues to rise.
| Hyderabad – Area-wise Residential TransactionsJul-Sep 2024 vs Jul-Sep 2023 | Hyderabad – Budget-wise Residential TransactionsJul-Sep 2024 vs Jul-Sep 2023 | |||||
| Area (in sq.ft.) | Jul-Sep 2024 | Jul-Sep 2023 | Budget | Jul-Sep 2024 | Jul-Sep 2023 | |
| Below 500 sq.ft. | 3% | 2% | Below INR 50 lakh | 61% | 68% | |
| 500–1,000 sq.ft. | 14% | 17% | INR 50 lakh–1 crore | 26% | 23% | |
| 1,000–1,500 sq.ft. | 44% | 49% | INR 1–2 crore | 11% | 7% | |
| 1,500–3,000 sq.ft. | 37% | 31% | INR 2–3 crore | 1.2% | 1.0% | |
| Above 3,000 sq.ft. | 3% | 2% | Above INR 3 crore | 0.8% | 0.5% | |
*Analysis includes both primary and secondary residential registered transactions.
Source: IGR, SquareYards.com
Micro Market Performance
Hyderabad’s micro-market trends reveal that the Western suburbs remain the most active region, accounting for 45% of registered transactions in the September quarter. Hyderabad East followed distantly with a 17% share. In terms of sales value as well, the Western micro-market led with a dominant 56% share, while the Eastern and Central suburbs captured 12% and 11%, respectively. The Western suburbs also recorded the highest average transaction value at Rs. 76 lakh, outperforming the Central suburbs.
A closer analysis reveals that activity in Hyderabad’s western suburbs, once concentrated around HITEC City, has progressively expanded outward towards the Nehru Outer Ring Road (ORR) which offers seamless connectivity not only to the city’s IT hubs but also to Hyderabad’s international airport. The availability of sizeable land parcels, coupled with excellent infrastructure and the upcoming commercial/ IT hub of Kokapet Neopolis, has significantly increased interest from developers, investors and end-users.
| Hyderabad Micromarket Summary – July-September 2024 | |||
| Micromarket | Registered Residential Transactions(No. of units) | Registered Home Value(Rs. crore) | Average Registered Home Sales Value (Rs. crore) |
| Hyderabad | 19,527 | 11,718 | 0.60 |
| West Zone | 8,732 | 6,608 | 0.76 |
| East Zone | 3,392 | 1,440 | 0.42 |
| Central Zone | 1,687 | 1,244 | 0.74 |
| North Zone | 2,383 | 1,050 | 0.44 |
| South Zone | 2,117 | 857 | 0.41 |
| Secunderabad | 1,216 | 518 | 0.43 |
*Analysis includes both primary and secondary residential registered transactions.
Source: IGR, SquareYards.com
Consequently, areas like Kokapet, Puppalguda, Narsingi and Nalagandla amongst others have consistently featured among the top-performing localities in terms of registrations and sales value in recent years. The rising demand, accompanied by premium residential projects, has further driven property values in these locations, with Kokapet recording the highest average sales value of Rs. 1.20 crore after Raidurg near HITEC City, amongst the top-10 localities by transactions in the September quarter.
In recent years, Hyderabad has experienced rapid growth in its peripheral and suburban areas as the city expands outward along major roadways. This expansion has unlocked significant land parcels, attracting both local and national developers who are maintaining a strong pipeline of projects in the region, according to insights from Square Yards. This development aligns with the rising office offtake in Hyderabad, as the city continues to draw an influx of IT professionals—a trend that is poised to sustain robust residential activity in the coming years.
About Square Yards
Square Yards is India’s largest Integrated real estate marketplace, with category leadership presence across multiple touchpoints of consumer home ownership journey. With Urbanisation and rising disposable incomes as the core theme, Square Yards, with 7mn+ monthly traffic and ~USD 3bn+ GTV, is the largest and asset-light proxy play to the growing residential demand story of India. One of the few Indian start-ups to taste global success with a presence in 100+ cities across 9 countries, Square Yards is at the forefront of tech adoption in the sector, with multiple patents across VR/AI domains.
