{"id":18791,"date":"2024-08-10T10:02:34","date_gmt":"2024-08-10T04:32:34","guid":{"rendered":"https:\/\/urbanacres.in\/?p=18791"},"modified":"2024-08-10T10:02:34","modified_gmt":"2024-08-10T04:32:34","slug":"hyderabad-home-sales-surge-high-end-market-booms","status":"publish","type":"post","link":"https:\/\/livzzy.in\/?p=18791","title":{"rendered":"Hyderabad Home Sales Surge, High-End Market Booms"},"content":{"rendered":"<p><strong>In a notable surge in the Hyderabad property market, July 2024 witnessed a substantial 48% year-on-year (YoY) increase in property registrations, amounting to Rs 4,266 crore. According to Knight Frank India\u2019s latest report, the total number of registrations for the month reached 7,124 units, reflecting a 28% YoY growth. This uptick contributes to a cumulative total of 46,368 home registrations in Hyderabad since January 2024, marking a 17% increase compared to the same period last year. Furthermore, the state has experienced a significant rise in stamp duty revenue, which surged to Rs 28,578 crore between January and June 2024, up by 40% YoY.<\/strong><\/p>\n<p>In July 2024, properties valued under Rs 50 lakh remained the dominant segment, although their share decreased from 69% in July 2023 to 61% this year. Conversely, there has been a marked shift towards higher-value properties. Registrations for homes priced at Rs 1 crore and above have risen substantially, climbing to 13% of the total in July 2024 from 9% in the previous year. This shift underscores a growing preference among buyers for premium properties, with registrations for such high-value homes showing a remarkable 94% YoY increase in July 2024.<\/p>\n<p>The data suggests a discernible trend in Hyderabad\u2019s real estate market, where despite the continued popularity of affordable housing, there is a notable inclination towards higher-end properties. This shift could be indicative of the evolving economic conditions and changing buyer profiles in the city. The robust performance in both registration volumes and revenue highlights a dynamic property market that continues to attract significant investment and interest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a notable surge in the Hyderabad property market, July 2024 witnessed a substantial 48% year-on-year (YoY) increase in property<\/p>\n","protected":false},"author":1,"featured_media":18792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19592,19626,19655,19580,19646],"tags":[],"class_list":["post-18791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-infrastructure","category-hyderabad","category-latest","category-news","category-real-estate"],"_links":{"self":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts\/18791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18791"}],"version-history":[{"count":0,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/posts\/18791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=\/wp\/v2\/media\/18792"}],"wp:attachment":[{"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livzzy.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}