Telangana Hyderabad - Residential property market surges - over 26,000 homes registered
According to a survey by Knight Frank india, during the first four months of the year, 26,027 properties were registered, valued at a total of Rs 16,190 crores. This represents a 15% increase in registrations and a 40% increase in overall value year over year. As a result of homebuyers' evident preference for higher-value residences, prices have been rising gradually since the epidemic, according to Shishir Baijal, Chairman and Managing director of Knight Frank India.
Based on a review of launches in the first four months of 2024, it appears that developers are more inclined to build 2- and 3-bedroom apartments. The research stated that although 3-BHK apartment releases climbed from 56% to 59%, 2-BHK apartment launches increased from 27% to 31%.