Hyderabad home sales rise 4% in 2024
HYDERABAD: Hyderabad’s housing market stayed resilient in 2024, with home sales rising 4% year-on-year to 38,403 units. Average prices increased 13% to ₹6,271 per square foot.
Across India’s top eight cities, overall home sales dipped 1% to 3,48,207 units, while prices rose 19% per square foot. Higher prices appear to have moderated demand, though lower home loan interest rates and strong economic growth helped keep demand steady, according to data released by real estate consultant Knight Frank.
Mumbai leads volumes; Delhi NCR sees sharp fall
In Mumbai, home sales edged up 1% to 97,188 units, with prices rising 7% to ₹8,856 per square foot. Bengaluru recorded flat sales at 55,373 units, while prices climbed 12% to ₹7,388 per square foot.
Sales in Pune fell 3% to 50,881 units, even as prices rose 5% to ₹5,016 per square foot. Delhi NCR saw a sharper 9% decline in sales to 52,452 units, though prices jumped 19% to ₹6,028 per square foot.
Chennai up, Kolkata slips
In Ahmedabad, sales increased 2% to 18,752 units, with prices up 3% to ₹5,197 per square foot. Chennai posted a 12% rise in sales to 18,262 units, while prices gained 7% to ₹5,135 per square foot. Kolkata recorded a 3% fall in sales to 16,896 units, with prices up 6% to ₹4,037 per square foot.
