2023-05-10-莱坊-Hyderabad_Residential_Property_Update_–_June_2022_3页_398kb

Hyderabad Residential Market Update June 2022

Registration Trends

• Q2 2022: 17,074 units registered, a 9.1% YoY increase compared to Q2 2021's 24,750 units.
• June 2022: 5,408 units registered, a 25% YoY decrease from June 2021's 7,251 units, but the average value of homes sold increased.

Market Resilience

• Hyderabad's residential market remained positive in Q2 2022 despite external factors like global economic slump and inflation, maintaining strong underlying demand.
• Drivers include positive economic outlook, rising household incomes, and reasonably stable home loan interest rates.
• Higher construction costs impact price-sensitive segments less, keeping the overall market robust.

Ticket Size Analysis (June 2022)

• Demand for higher ticket sizes grew:
  • Sales in 2.5-5.0 mn INR constituted 53% of all sales, up from 35% in June 2021.
  • Sales in 5 mn INR and above increased from 25% to 32%.
• The share of smaller-ticket items (< INR 2.5 mn) decreased from 40% to 16%.
• Cumulative Market Share (2022) shows continued preference for larger ticket sizes.

Apartment Size Analysis (June 2022)

• Demand for large-sized homes persists:
  • Units over 1000 sq.ft. made up 82% of home sale registrations.
  • Homes 1000-2000 sq.ft. constituted 71% of all registrations, highlighting the ongoing trend of upgradation.

District-wise Analysis (June 2022)

• Rangareddy District: 44% of total registrations.
• Medchal-Malkajgiri District: 39% of total registrations.
• Hyderabad District: 13% of total registrations.
• Sangareddy District: 4% of total registrations.

Price Analysis (June 2022 vs June 2021)

• Overall weighted average transacted price grew 20% YoY.
• Strongest growth:
  • Hyderabad District: 29% YoY increase in average prices.
  • Sangareddy District: 21% YoY increase.
• High-value properties drove the average price up in all micro-markets.

Key Takeaways

• Q2 2022 saw an overall increase in residential property registrations.
• A strong shift towards larger property sizes and higher ticket sizes is evident.
• High-value properties, especially in the Hyderabad district, saw the most significant price growth.
• The market is expected to maintain its momentum driven by global economic recovery plans and affordability factors.