Hyderabad’s real estate market is thriving, with homebuyers increasingly favoring newly launched projects. According to ANAROCK’s 2024 report, 43% of the 58,540 units sold in the city this year were fresh launches—a significant jump from 28% in 2019. This trend reflects a broader national shift, where 42% of 4.60 lakh homes sold across India’s top 7 cities in 2024 were new launches, up from 26% in 2019.

Hyderabad Leads Southern Surge

Hyderabad ranks second after NCR (44%) in new launch absorption, with Chennai (53%) and Bengaluru (53%) also witnessing high demand for fresh inventory. Southern cities dominate investor interest, driven by competitive pricing, infrastructure growth, and rising IT/ITeS employment.

City-Wise Breakdown (2024 vs. 2019)

NCR: Sold 61,902 units (44% new launches in 2024 vs. 22% in 2019).

Mumbai (MMR): 1,55,334 units sold (36% new launches vs. 23% in 2019).

Bengaluru: 65,226 units sold (53% new launches vs. 27% in 2019).

Pune: 81,088 units sold (42% new launches vs. 34% in 2019).

Chennai: 19,221 units sold (53% new launches vs. 28% in 2019).

Kolkata: Lowest at 31% new launches (18,334 units sold).

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Why Are Buyers Choosing New Launches?

Modern Amenities: Buyers prioritize tech-integrated homes and sustainability features.

Post-Pandemic Demand: Larger spaces and hybrid-work amenities drive fresh supply.

Investor Confidence: Developers offer flexible payment plans and discounts.

The Road Ahead

Hyderabad’s real estate growth aligns with Telangana’s infrastructure push, including new IT corridors and metro expansions. With demand outpacing supply in prime areas, developers are accelerating launches—a trend likely to sustain through 2025.

SOURCE: siasat.com