Registration of homes in Hyderabad region down 36% to 5,181 units in August

Since the beginning of the year, the city has witnessed sales of 46,078 residential units with total worth of Rs 22,680 crores.
Shishir Baijal, Chairman and Managing Director, Knight Frank India said,

"August 2022 witnessed an increase of 20 per cent MoM (month-on-month) in both residential registrations as well as state earnings from home registrations, while observing a reduction of 36 per cent on YoY (year-on-year) basis."

"Despite the impact of external factors including an increase in interest rates and price, the Hyderabad residential market continues to experience robust demand trends. Going ahead, we expect home demand to remain stable as end-users continue to be drawn to home purchases backed by job security, rising household incomes and savings," he added.

As per the data, residential units in the price band of Rs 25-50 lakhs constituted 55 per cent of the total sales in August 2022, which is an increase from a share of 37 per cent in August 2021.
Demand in the less than Rs 25 lakh ticket-size, however, weakened with its share constituting 16 per cent compared to 35 per cent a year ago.
Cumulative share of sales registrations for properties with ticket-size of more than Rs 50 lakh increased to 29 per cent in August 2022 from 28 per cent in August 2021.