Wednesday, February 28News That Matters

Hyderabad registers residential sales of Rs 9497 crores in Oct-Dec quarter; Aparna Construction and Sumadhura Infracon lead in volume and units sold

Hyderabad, 12th Jan, 2023: In a robust display of economic activity, Hyderabad witnessed a surge in residential sales, recording an impressive 16,808 transactions in Q4, 2023 amounting to a substantial Rs 9497 crores, according to IGR data sourced by Square Yards.

Top Developer – Hyderabad (Q4′ 2023) – Primary
  Developer Name Total Sale Value in Cr. No. of Transaction
1 Aparna Constructions And Estates 510 621
2 Sumadhura Infracon 196 145
3 Myscape Properties 153 115
4 BSCPL Infrastructure 126 104
5 Cyber City Builders and Developers 122 106
6 Candeur Developers And Builders 113 126
7 Incor Infrastructure 107 90
8 DSR SSC Builders And Developers 101 49
9 Sri Aditya Homes 96 58
10 Koncept Ambience Group 77 81

Data Source: IGR Telangana, squareyards.com

Notably, Aparna Construction and Estates maintained its leading position across quarters, topping the charts again in terms of volume and number of units sold with 621 units totaling Rs 510 crores. Sumadhura Infracon, the new entrant in the top 10 developers list, followed with 145 units sold worth Rs 196 crores in the October-December period, according to data sourced by Square Yards from property registration records. Myscape Properties was another new entrant in the top developers list while BSCPL Infrastructure strengthened its position in terms of sales value.

“Hyderabad’s ascent as a city of promise stems from its affordable property prices compared to other metropolitan cities in India. This favourable pricing has provided an excellent opportunity for investors and homebuyers to enter the market at a lucrative price point. Besides, the city’s sustained upward trajectory in property prices over the years fueled by investor friendly policies, burgeoning infrastructure and enhanced connectivity has propelled Hyderabad’s real estate market to unprecedented levels,” said Debayan Bhattacharya, Principal Partner, Square Yards

Sumadhura Infracon and Aparna Construction and Estates also shone in terms of top projects sold by value and number of units sold. While Sumadhura Horizon claimed the top selling project by sale value recording Rs 199.8 cores worth property sold in Q4, Aparna Serenity led in transactions with 249 units sold.

Top Projects by Sale Value (Hyderabad Q4, 2023)- All Sale
  Developer Name Total Sale Value No. of Transactions
1 Sumadhura Horizon 199.8 Cr. 150
2 Aparna Serenity 154.1 Cr. 249
3 Bollineni Bion 135.2 Cr. 112
4 Myscape Sanctuary 131.7 Cr. 108
5 Incor One City 103.1 Cr. 83
6 Aparna One 86.9 Cr. 27
7 Aparna Sarovar Zicon 82.7 Cr. 126
8 Aparna Luxor Park 82.2 Cr. 48
9 Ambience Courtyard 78.5 Cr. 82
10 SMR Vinay Iconia 77.1 Cr. 71

Data Source: IGR Telangana, squareyards.com

Hyderabad’s IT industry is the driving force behind its real estate boom. The city boasts of offices of top IT companies including Google, Microsoft and Facebook, leading to a massive influx of IT professionals and high demand for good quality residential housing.

Hyderabad Micromarkets Q4′ 2023
Total Sale Value No. of Transactions
West Zone 5383 Cr.                              8,058
Central Zone 1017 Cr.                              1,323
East Zone 965 Cr.                              2,536
North Zone 898 Cr.                              2,179
South Zone 735 Cr.                              1,607
Secunderabad 497 Cr.                              1,104

Data Source: IGR Telangana, squareyards.com

Q4, 2023 saw the majority of the transactions (8058) in the West Zone, the city’s buzzing IT corridor having real estate hotspots like Gachibowli, HITECH City, Madhupur, Manikonda etc. With proximity to major employment hubs and excellent retail and social infrastructure, this part of Hyderabad has been a top draw for high-quality residential housing among the high-calibre IT and other skilled workforce. However, with major micro markets in West Zone getting saturated over the years, the demand has spilled over to Central Business District in Central Zone, which is evident in the 1323 transactions totaling Rs 1017 crores.

East Zone witnessed a surge in transactions (2536) too, worth Rs 965 crores, driven by the growth of IT parks, increasing popularity of metro connectivity, and extensive civic infrastructure development in Pocharam, Uppal, Habsiguda etc. North Zone also saw an upward swing with 2179 transactions positioning it as a promising investment destination. Areas like Kukatpally, Miyapur, Shamirpet, Bachupally have witnessed good traction, due to the availability of schools, educational institutions, healthcare facilities, and improved infrastructure playing pivotal roles in its growth.

While Hyderabad has made giant strides in infrastructure development, the city’s enticing combination of economic growth, affordability, proactive government support and rich cosmopolitan culture, has made it one of the most sought-after investment destinations in India. With business-friendly government policies, new infrastructure projects, expansion of MNCs and start-ups coming into Hyderabad, the city remains a prime investment hotspot in 2024 and beyond.

QUOTES:

Mr Prashant Rao, Managing Director, Poulomi Estates, a Hyderabad based real estate developer

In recent years, Hyderabad has emerged as a focal point for housing demand. The real estate market in the city is characterized by reasonable pricing, providing lucrative deals for both investors and prospective homebuyers.

The surge in infrastructure development and job opportunities, particularly driven by the influx of IT and BFSI companies into Hyderabad, has ignited a robust real estate market.

Given the present demand and growth trajectory, this phenomenon is not merely a short-term trend; rather, it is anticipated to persist over the long term, surpassing the real estate performance of any other city in India.

Leave a Reply

Your email address will not be published. Required fields are marked *