Hyderabad: The new year seems to have started with a high tone for the city housing market with Hyderabad and the peripheral district – Medchal-Malkajgiri, Rangiteddy and relaxed – Collective clock sales worth 2,695 crore in January.
In the middle of the third wave of Covid-19, the city recorded as many as 5,568 new apartment registration in the first month of 2022, showing the latest Indian Knight Frank report.
The biggest registration section became Rangareddy’s way followed by Medchal-Malkajiriri.
According to the report, property below 50 lakh saw maximum takers even as the average price of transactions of these houses soared by 7.8%.
“Hyderabad is the best housing market in terms of primary sales, among the top eight in India during 2021.
While the decline in registration activities in January, due to restrictions on mobility, sales have an impact on many markets in India, including Hyderabad, including expecting volume to regain land Lost that the normal market operation continues.
This, given that other market indicators such as prices continue to see stable growth regardless of the impact of the pandemic, “said Shishir Baijal, Chair and Managing Director, Knight Frank India.
Interestingly, small house sales – between 500 and 1,000 square feet (SQFT) – see marginal decline in the interim amounts of those who are at 1,000 sqft to 3,000 sqft witnessing a rise in the count of participants.
Bigger home segments, above 3,000 sqft, remain stable, this report shows.
“It is stuffed by a pandemic, the trend of home buyers looking to improve and move to a larger residence also continues to last for January 202,” he added.