Hyderabad: The Property Market of the HuD Hub Hub Hub Hub Hub has noted the highest leap nationally not only in terms of the property launch but in sales also for the first half of 2021 even though the second wave is said Knight Frank.
Hyderabad recorded a 150% highest increase in home sales in the first half of 2021 among the top eight cities in the country with 11,974 units sold compared to 4,782 units in H1 of 2020, Knight Frank’s `Indian real estate January-June 2021 ‘report released on Thursday.
Hyderabad was attended by Ahmedabad with a 67% increase in the sale of housing units, Mumbai with a growth of 53%, Pune with a leap of 74% and Bengaluru with a sales increase of 22% in the first round.
Nationally, residential property sales only grew 67% on H1 2021.
On the Q2 of 2021, home sales jumped 420% in Hyderabad compared to the same period last year with the highest number of housing units at 5,065 sold in the city in Indonesia in Central Indonesia second.
With this, Hyderabad stole a parade in Mumbai, Bengaluru and Delhi NCR.
According to Knight Frank, demand grew in all sizes of tickets in the city in the first half with RS 25-50 lakh categories that recorded a 240% increase and the 1-2 rs crore bracket showed a 158% increase compared to H1 of 2020.
The West Hyderabad area such as Kukatpally, Madhapur, Kondapur, Gachibowli, Raadisgam and Kokapet continued to take into account the largest share in the sale of residential property and was launched with a share of 63% and 64%, respectively at H1 2021.
The average housing price in Hyderabad also increased slightly With 1% year-onyear on H1 2021 to RS 50.803 / SQ M (Rs 4,720 / SQ FT) driven by strong momentum requests.
According to Knight Frank Indir the Branch Director of Hyderabad Samson Arthur, Hyderabad housing markets responded to all parameters throughout the micro market with significant demand and offers and the second wave.
“Meanwhile the company, the main anchor, continues to grow in their core business, Hyderabad continues to be a promising residential destination for end users and investors,” he said.
“Unique propositions for an attractive city index continue to be the government’s encouragement to improve city infrastructure.”