A survey by real estate consultant Anarock, Hyderabad saw a growth of 50% in the total value of houses sold during fiscal year 2023 (April 1, 2022 to March 31, 2023) compared to the prior year. Due to the increase in sales volume and price increases, Hyderabad is now second only to Pune in terms of its contribution to the sales value.
The city experienced an increase of 10% in sales share by value while experiencing a 13% increase in sales share by units. But what’s worth knowing is the sharp increase in sales of luxury homes that Anarock Group reports has been observed in seven major cities, which includes Hyderabad.
Residential real estate of Rs 3.47 lakh crore was sold throughout the year, which is 48% more than in FY22.
Homebuyers have been reinventing their housing options as the pandemic transformed the world, and this has rekindled interest in luxury property.