Hyderabad witnessed a notable surge in residential property registrations in December 2023, hitting 7,254 and the total value of the registered properties amounted to Rs. 4,191 crore, indicating a remarkable 32% YoY uptick and a significant 12% MoM rise.
According to a report by Knight Frank India, December records the highest monthly registration for the entire year. Analyzing the overall performance for the year, the report discloses that 71,912 residential properties were registered in 2023, showcasing a 5% YoY increase.
The Hyderabad residential market, covering districts such as Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy, includes both primary and secondary real estate markets.