Hyderabad's Tellapur Emerges as 9th Most Active Real Estate Market in India

Strategic Insights -

A recent study by real estate services company ANAROCK has identified Tellapur in Hyderabad as the 9th most active real estate market in India. The area saw a significant supply of over 18,960 new units between 2019 and H1 2024, with a notable 66% of these units being in the mid and premium segments. The average property price in Tellapur as of H1 2024 stands at Rs 7,350 per sq. ft., a substantial increase from Rs 4,819 per sq. ft. in 2019.

Key Takeaways:

  • Tellapur in Hyderabad is the 9th most active real estate market in India, witnessing a supply of over 18,960 new units between 2019 and H1 2024.
  • The mid and premium segments accounted for 66% of the total new supply, while the over Rs 1.5 crore bracket accounted for 34%.
  • The average property price in Tellapur has increased to Rs 7,350 per sq. ft. as of H1 2024, a rise from Rs 4,819 per sq. ft. in 2019.
  • Dombivli in the Mumbai Metropolitan Region (MMR) remains the most active market in India, with over 44,990 new units launched since 2019.
  • The list of top 10 residential hotspots in India includes Tellapur, Dombivli, and others, with varying new supply and average property prices.
  • ANAROCK's report highlights the significant growth in the mid and premium segments in Tellapur, indicating a trend towards high-end real estate development.
  • The report also notes the increase in property prices in Tellapur, reflecting the area's growing demand and popularity.

Statistics:

  • 18,960 new units supplied in Tellapur between 2019 and H1 2024.
  • 66% of new supply in the mid and premium segments.
  • 34% of new supply in the over Rs 1.5 crore bracket.
  • Average property price in Tellapur: Rs 7,350 per sq. ft. (H1 2024) vs. Rs 4,819 per sq. ft. (2019).
  • Over 44,990 new units launched in Dombivli since 2019.
  • Top 10 residential hotspots in India:

+ Dombivli: 44,990 new units, Rs 9,300 per sq. ft.

+ Tellapur: 18,960 new units, Rs 7,350 per sq. ft.

+ (Remaining 8 hotspots with varying new supply and average property prices)

Sources:

  • ANAROCK, a real estate services company
  • Siasat Daily, a local Hyderabad newspaper