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Hyderabad sees 1% fall in registrations of housing properties: Knight Frank

The Hyderabad region has witnessed a 1 per cent annual fall in registrations of residential properties in January to 5,411 units, according to Knight Frank.
As many as 5,454 housing units were registered in January 2023 across the Hyderabad residential market, which includes four districts namely Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy.
The data covers transactions of both primary (first sale) and secondary (resale) markets.
As per the data compiled by real estate consultant Knight Frank India, the total value of properties registered during January stood at Rs 3,279 crore, which is 24 per cent higher year-on-year, indicating a movement towards sale of higher value homes.
In January 2024, 47 per cent housing properties registrations were in the price range of Rs 25-50 lakhs.
Properties priced below Rs 25 lakh constituted 15 per cent of the total registration numbers.
The consultant highlighted that the share of sales registrations for properties costing Rs 1 cror