The real estate in Hyderabad has seen the second lowest number of residential property registrations of 4597 apartments worth Rs 2237 crore in the month of October. The lowest number of 4400 registrations were recorded in the month of July this year. In all, 56003 residential units worth Rs 27509 crore were registered from January to October this year. This was lower than the last year’s figure of 67685 registered units amounting to Rs 30108 crore during the same period. Sixty six percent of all sales registered were for homes between 1000-2000 sq ft size.
REGISTRATIONS IN HYDERABAD
| Registration (No. of units) | Registration value (INR Million) | |||||||
| Month | 2021 | 2022 | YoY change | MoM Change | 2021 | 2022 | YoY change | MoM Change |
| January | 7,592 | 7,343 | -3% | -14% | 32,881 | 32,608 | -1% | -12% |
| February | 6,877 | 5,435 | -21% | -26% | 29,397 | 28,386 | -3% | -13% |
| March | 8,260 | 6,722 | -19% | 24% | 34,603 | 31,355 | -9% | 10% |
| April | 5,903 | 5,366 | -9% | -20% | 25,267 | 27,837 | 10% | -11% |
| May | 2,501 | 6,307 | 152% | 18% | 12,445 | 30,607 | 146% | 10% |
| June | 7,251 | 5,411 | -25% | -14% | 31,697 | 28,421 | -10% | -7% |
| July | 9,507 | 4,400 | -54% | -19% | 45,729 | 21,279 | -53% | -25% |
| August | 8,144 | 5,656 | -31% | 29% | 38,090 | 28,453 | -25% | 34% |
| September | 6,017 | 4,766 | -21% | -16% | 26,296 | 23,784 | -10% | -16% |
| October | 5,633 | 4,597 | -18% | -4% | 24,685 | 22,368 | -9% | -6% |
| Total YTD | 67,685 | 56,003 | -17% | NA | 301,090 | 275,098 | -9% | NA |
Residential units in the price band of INR 2.5 – 5 Mn (INR 25 – 50 lakhs) constituted 51% of the total registrations in October 2022, which is an increase from a share of 40% in October 2021. Demand in the less than INR 2.5 mn (INR 25 Lakhs) ticket-size however weakened with its share constituting 22% compared to 35% a year ago. Greater demand for larger ticket size homes remained evident as the cumulative share of sales registrations for properties with ticket-sizes of INR 5 Mn and above (> INR 50 lakhs) increased to 27% in October 2022 from 25% in October 2021.
TICKET SIZE SHARE OF REGISTRATIONS
| Ticket-size | October 2021 | October 2022 |
| <2.5 mn | 35% | 22% |
| 2.5-5 mn | 40% | 51% |
| 5-7.5 mn | 13% | 13% |
| 7.5-10 mn | 7% | 6% |
| 10 mn-20 mn | 5% | 6% |
| >20 mn | 1% | 2% |
In October 2022, the share of registrations in unit category of properties sized 500 – 1000 square feet increased to 21% compared to 17% observed in October 2021 while properties sized 1,000 square feet or higher witnessed a dip in share from 81% in October 2021 to 76% in October 2022.
REGISTRATION SPLIT BY UNIT SIZE
| Unit-size in sq ft | October 2021
|
October 2022 |
| 0-500 | 2% | 3% |
| 500-1,000 | 17% | 21% |
| 1,000-2,000 | 71% | 66% |
| 2000-3000 | 8% | 8% |
| >3000 | 2% | 2% |
Source: Knight Frank Research, Telangana Registration and Stamps Department.
According to Shishir Baijal, Chairman and Managing Director, Knight Frank India, though Hyderabad market is also impacted due to global headwinds and interest rate hikes, yet it continues to remain appealing for end users with demand for larger homes remaining promising. While the lower ticket segment is affected, the higher value homes will continue to see momentum in the coming months keeping the outlook for the city optimistic. Samson Arthur , Senior Branch Director, Knight Frank India endorses saying that the slowdown is anticipated to be short lived and likely to remain resilient as sentiments improve.
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