Hyderabad is on track to become a global hub for IT, ITeS, and manufacturing companies. Without a doubt, the increase in employment has a significant impact on real estate, as the market shows no signs of slowing.

By September 2022, the number of residential units registered in Hyderabad had already surpassed 50,000. According to recent reports, the Hyderabad residential market, which includes the districts of Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy, has registered 50,953 residential units since the beginning of the year for a total value of Rs 25,094 crore.

According to experts, the city’s supply of new residential projects has increased due to the strong demand. 11,000 new housing units were built to keep up with the surge, which increased by 19% year on year during the quarter. Hyderabad also saw a healthy increase in price growth, with the aggregate residential value increasing by 6% year on year during the third quarter of 2022.

Aside from residential demand, the city saw eight lakh square feet of office space transactions during the third quarter. According to a source, the city has seen new office completions of up to 33 lakh square feet. The city also had the third-highest 12-month office rental value growth among eight major Indian cities this quarter, with an average rent increase of 7% yearly.