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Hyderabad’s Luxury Housing Segment Share Increasing Steadily

Posted by luckypropertywala_sxyoj4 on June 13, 2022

Hyderabad’s Luxury Housing Segment Share Increasing Steadily
Hyderabad, the city of pearls, has recently seen an uptick in the share of the luxury housing
segment in the residential property market. Luxury residential properties are properties which
have a price greater than ₹1 crore. The demand for residential properties from high-net-worth
individuals & ever-growing income levels in the city of Hyderabad have made a significant
contribution to the luxury residential segment, and with investments flowing in continuously, the
segment is going to grow at a faster rate.
According to a report by a reputed real-estate consultancy firm, Hyderabad’s luxury residential
segment had the highest share of total sales amongst south Indian cities during the first quarter of
2022 i.e., from January to March 2022. The report also showed that around 2,211 properties
worth more than ₹1 crore were sold in Hyderabad during Q1 2022 – which accounts for 32% of
the total residential sales for the quarter. On an average, luxury segment residential sales across
India’s real-estate markets of largest cities stood at 25%.
The other southern cities with strong real-estate markets – Bengaluru & Chennai had 20% &
17% share of luxury residential segment sales respectively during Q1 2022 which is 12-15% less
than Hyderabad’s luxury segment share of 32%. Hyderabad’s residential market recorded its
highest luxury residential sales during the second quarter of 2021 i.e., from April to June 2021
when the share of luxury residential sales was 37% of the total residential sales in the city. This
indicates that there is a constant demand for residential properties above the ₹1 crore tax bracket
and the luxury segment will sustain itself over the next few years.

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