The dream of owning a home is getting further away in Hyderabad!?

The metropolis of hyderabad is expanding rapidly. It is now expanding its reach beyond the Outer Ring Road and extending to the Regional Ring Road. The dream of owning a home is becoming more and more difficult in Hyderabad! Although the city is expanding in all directions, house prices are dropping. With the demand increasing beyond the Outer Ring Road and up to the Regional Ring Road, land prices are running into crores. A recently released key report shows the situation of house prices in hyderabad in a way that is eye-catching. If you know the price per square foot, you will be shocked. The metropolis of hyderabad is expanding rapidly. It is now expanding its reach beyond the Outer Ring Road to the Regional Ring Road. In this context, there has been a huge demand for houses and lands in the Regional Ring Road areas. Even the lands being auctioned by the government are worth crores. Now, if you look at the prices of privately owned lands, the common man sees dots. In this context, a report released by Prop Equity, a leading real estate data analytics company, has revealed key facts. This report has provided details of the average prices of houses and flats in newly started housing projects in 9 major cities of the country, including Hyderabad.
According to the Prop Equity report, the average price of flats in newly started housing projects in 9 major cities of the country has increased by 9 percent. The main reason for this seems to be the increase in construction material costs. The report revealed that the average square foot price of residential houses in these 9 cities in the financial year 2024-25 has reached Rs. 13,197. It was Rs. 12,569 in the financial year 2023-24.The average house prices in new projects increased by 9 percent in Kolkata. Prices increased by 17 percent in Thane, 15 percent in Bengaluru, 10 percent in Pune, 5 percent in Delhi-NCR, 5 percent in hyderabad, and 4 percent in Chennai. However, prices decreased by 3 percent each in mumbai and Navi Mumbai.

Coming to hyderabad city, the report clarified that the average square foot price in the financial year 2023-24 was Rs. 7,890, which increased by 5 percent to Rs. 8,306. This means that house prices in hyderabad are also gradually increasing.

Average prices by city (in square feet):

* Bengaluru: 2023-24 - Rs. 8577, 2024-25 - Rs. 9852

* Kolkata: 2023-24 - Rs. 6201, 2024-25 - Rs. 8009

* Chennai: 2023-24 - Rs. 7645, 2024-25 - Rs. 7989

* Hyderabad: 2023-24 - Rs. 7890, 2024-25 - Rs. 8306

* Pune: 2023-24 - Rs. 9877, 2024-25 - Rs. 10,832

* Thane: 2023-24 - Rs. 11,030, 2024-25 - Rs. 12,880

* Delhi-NCR: 2023-24 - Rs. 13,396, 2024-25 - Rs. 14,020

* Navi Mumbai: 2023-24 - Rs. 13,286, 2024-25 - Rs. 12,855 (Reduction)

* Mumbai: 2023-24 - Rs. 35,215, 2024-25 - Rs. 34,026 (Reduction)