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BusinessHyderabad witnesses Rs 25,330 crore worth property registrations in 2021

Hyderabad witnesses Rs 25,330 crore worth property registrations in 2021

Published: 14th Jan 2022 2:27 pm

Hyderabad: Hyderabad witnessed property registrations worth Rs 253.3 billion (Rs 25,330 crore) in 2021. Total number of properties registered in the full year 2021 was 44,278, which was higher by 96 per cent as against 2020.

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The city saw Rs 23.4 billion (Rs 2,340 crore) in December 2021, recording a growth of 16 per cent year-on-year (YoY) over the corresponding period.

Knight Frank India research shows the monthly residential property registrations in Hyderabad (including Hyderabad, Rangareddy and Sangareddy districts) stood at 3,931 units in December 2021, registering a marginal decline of 0.5 per cent YoY over December 2020 levels.

Data shows 60% of residential sales registered during December 2021 were in the under Rs 50 lakh ticket size category. The share of sales of the Rs 25 lakh-50 lakh ticket size improved from 35 per cent in December 2020 to 36 per cent in December 2021 while that in the Rs 25 lakh and below category declined to 24 per cent in December 2021 compared to 30 per cent previously.

This indicates the stress still being felt in the lower ticket sizes due to the threat of income disruption caused by the economic impact of the pandemic.

Shishir Baijal, CMD, Knight Frank India, said, “Hyderabad was one of the most resilient markets, which has performed well even during the pandemic. What is further heartening, to note is that both commercial as well as residential markets remained buoyant during the last few quarters.”

Residential prices remained resilient in the city during 2020 and have grown steadily in 2021. The weighted average transacted price of residential properties, as reflected by the registration data, has jumped 15.9 per cent YoY in December 2021 and represents the momentum of the market.

Sales have been stable in YoY terms during December 2021 for the three districts, while sales in Hyderabad district have grown by 11 per cent YoY during the same period. Hyderabad district accounted for 30 per cent of the residential units registered during 2021, compared to 27 per cent from a year ago.

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