Hyderabad's High-End Residential Segment Surge To 50% Plus Since 2022

CBRE South Asia Pvt. Ltd. and CREDAI-Telangana have released a joint report titled "Hyderabad’s Residential Renaissance: Dissecting the City’s Transforming Housing Landscape." The report highlights a significant shift in the city's housing market, with the high-end residential segment (₹1-2 crore and above) now accounting for over 50% of sales from CY 2022 onwards, up from approximately 30% until CY 2021. Since 2022, new launches in this segment have surged, capturing a 55-65% share, compared to less than 20% each year before the pandemic.

Conversely, the mid-segment residential sales (₹45 lakhs to ₹1 crore) in Hyderabad have dropped to less than 25% in H1 2024, a significant decrease from the 50% share until CY 2021. Similarly, the share of new launches in the mid-segment has fallen to around 25%, compared to 60-70% in the pre-COVID period.

Hyderabad's residential market has traditionally been dominated by the mid-end (₹45 lakhs to ₹1 crore) segment in terms of new launches. However, in recent years post-COVID, there has been a noticeable shift towards the high-end (₹1-2 crore) segment, driven by rising disposable incomes and evolving buyer preferences.