Press Release

Property Prices in Hyderabad record 2% growth in Jan-Mar 2015 over Oct-Dec 2014: 99acres.comInsite Report

June 1 2015

Major Highlights:

  • Affordable properties and new found political stability improved customer sentiments leading to a gradual and consistent rise in property values.
  • Banjara Hills and Kondapur in West Hyderabad recorded the highest price appreciation to the tune of of 22% and 11%, respectively.
  • Localities in the South such as Appa Junction and Dilsukh Nagar saw prices dipping to the tune of 10-11%.
  • Healthy rental demand was noted in localities planned to become a part of the Hyderabad metro corridor. Kukatpally, KPHB, Ameerpet and Miyapur, thus, recorded 10-20% spike in rental values.
  • Development of Hyderabad Pharma City over 11,000 acres in Mucherla that is expected to generate 80,000 jobs boosted the realty market in the city.

Hyderabad, 01 June, 2015: 99acres.com Insite is a quarterly report focusing on capital and rental price trends in the residential real estate market across seven major cities of India. According to the report, Hyderabad has witnessed 2% growth in property prices in Jan-Mar 2015as compared to Oct-Dec 2014. The rental values in the last one year have seen an average growth of 12%. Mid-sized homes configured as 2 and 3BHK units were the most popular in the city. Most housing units in the city fall in the price bracket of Rs 25-40 lakh.

Commenting on the report, MrNarasimhaJayakumar, Chief Business Officer, 99acres.com,said, &ldquoAfter seeing an all-time low in the real estate market, Hyderabad has started picking up pace. The core areas witnessing maximum development are concentrated in the West, which is driven by the software industry. With the upcoming Hyderabad Metro, the market is expected to improve further.&rdquo

Price Analysis (Jan-Mar 2015 vs. Oct-Dec 2014):

  • Presence of IT industries and the upcoming Hyderabad Metro Rail at strategic locations were the prime reasons for surge in housing demand in West Hyderabad. 
  • Shaikpet, which registered a 10% price appreciation, saw rise in housing demand due to several projects nearing possession by the end of 2015.
  • Kondapur earned an appreciation of 11% due to presence of several ready-to-move-in properties and well-developed social infrastructure.
  • Being a premium locality, an IT hub and one of the most coveted addresses of Hyderabad, Banjara Hills recorded a price hike of 22%.

Supply Analysis (Jan-Mar 2015 vs. Jan-Mar 2014):

  • Supply of various property types such as apartments, builder floors and independent houses/villas in Hyderabad recorded slight variations in Jan-Mar 2015, as compared to Oct-Dec 2014.
  • Residential apartments continued to remain the most supplied property type with over 60% market share.
  • The share of properties in the mid-income segment (Rs 25-40 lakh) continued to top the city&rsquos supply chain. The share of ready-to-move-in properties in this budget range went up by 16% in Jan-Mar 2015.
  • In terms of configurations, maximum supply was recorded for 2BHK and 3BHK units. Both the categories together made up almost 90% of the total market share.
  • The city recorded an increased supply of ready-to-move-in properties this quarter. Overall, supply of these units went up by 12%. It stood at 61% as compared to 49% in the last quarter.

About 99acres.com:
Launched by Info Edge India Ltd. in September 2005, 99acres.com is a gateway to the one of the fastest growing property markets of the world, an information 'exchange' for buying, renting and selling of all types of residential and commercial properties anywhere in India. The website enables easy access to a huge property bank and allows direct connect with brokers/builders in cities as well as remote parts of the country. With over 8.5 million visitors visiting the website every month looking for real estate solutions, 99acres.com over 8 lakh residential and commercial property listings and over 90,000 new projects. Not only this, it has the highest traffic share, time spent on site and maximum page views, making it the most popular real estate portal in the country. Backed by a strong team and a network across 40 cities in India, 99acres.com has garnered faith and support of the real estate community in India within a very short time span.
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