Hyderabad tops in residential sales in 2021
Chennai stood a far second with 86 per cent growth at 12,530 units in 2021 compared to 6,740 units in 2020, while Bengaluru recorded lowest growth among top seven cities.
Hyderabad: Hyderabad continues its growth momentum in the residential real estate segment. The city saw a huge 197 per cent increase in residential sales from 8,560 units in 2020 to 25,410 in 2021, highest growth among the top seven cities of India.
Chennai stood a far second with 86 per cent growth at 12,530 units in 2021 compared to 6,740 units in 2020, while Bengaluru recorded lowest growth among top seven cities, with 33 per cent increase to 33,080 units in 2021 from 24,910 units in 2020.
Hyderabad witnessed a 209 per cent growth in residential sales in Q4 2021 at 11,030 units from 3,570 units in Q4 2020, according to Anarock research.
Hyderabad also added about 51,470 units in 2021, registering a yearly increase of 144 per cent over 2020, second highest in the country following Kolkata with 290 per cent increase. Hyderabad saw a 71 per cent increase over pre-Covid 2019 levels.
Approximately 81 per cent new supply was added in the mid-segment (Rs 40 lakh to Rs 80 lakh) and the premium segment (Rs 80 lakh to Rs 1.5 crore budget range).
Anuj Puri, chairman, Anarock Group, told Telangana Today, “The city has been one of the most vibrant real estate markets among all top cities over the past one year and witnessed robust residential activity – both in terms of new launches and housing sales. The city saw renewed interest by all stakeholders including investors, homebuyers and developers due to various factors including favourable socio-economic conditions, well-developed infrastructure, relatively affordable prices and most importantly due to the slowdown seen in Amaravati real estate.”
“In other words, Amaravati’s loss is being seen as Hyderabad’s gain ever since the former has lost its sheen in the past four to five quarters. Resultantly, both residential and commercial activity gained significant momentum in Hyderabad over the last one year with developers launching several projects,” Puri added.
India market
Pan-India, housing sales rose 71 per cent Y-o-Y in 2021 with approximately 2.37 lakh units sold, thus reaching 90 per cent of pre-Covid 2019 levels.
Year-on-year, the top seven cities saw about 2,36,700 new units launched in the entire 2021, against 1,28,000 units in 2020, an increase of 85 per cent, which put new launches back on par with the pre-pandemic 2019 levels. Mumbai Metropolitan Region, Hyderabad, Pune, and NCR, cumulatively accounted for 76 per cent of supply additions in 2021.
Puri added, “Of the four quarters, Q4 2021 was by far the best, with housing sales in the top seven cities attaining a new high of approximately 90,860 units in Q4 2021. This was the highest quarterly sales performance since 2015.”
Data indicates that the top seven cities altogether have a total unsold stock of approximately 6.38 lakh units as of 2021-end. Average residential property prices across the top cities increased by 3-5 per cent in 2021 compared to 2020.
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