HYDRAA oversight slows new residential launches in Hyderabad by 6%: Knight Frank India
The HinduNew residential launches in Hyderabad fell by 6% year-on-year, with 44,013 units introduced in 2024. The decline has been attributed to heightened regulatory oversight by the Hyderabad Disaster Response and Asset Protection Agency, established to curb illegal constructions on encroached lands, including lakes, canals, and government property, according to the Knight Frank India’s latest report. The growing preference for larger spaces was evident in the dominance of homes priced at ₹1 crore to ₹2 crore,” said Joseph Thilak, National Director of Occupier Strategy and Solutions at Knight Frank India. In the office space sector, Hyderabad achieved its best performance since 2020, with transaction volumes rising 17% YoY to 10.3 million square feet. The city also witnessed a 139% YoY increase in office completions, with 15.6 million square feet of new supply, the report said.
History of this topic
Hyderabad Homebuyers Drive ₹58,841 Crore Market in H1 2024
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Hyderabad registers 7,014 housing units worth ₹4,288 crore in June 2024, up 26% YoY
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Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline
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Residential sales in Hyderabad hit a new high of 32,880 units in 2023
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Hyderabad sees about 800% growth in luxury residential segment in Q1 of 2023
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