According to JLL’s Residential Market Update for Q4 2021, Hyderabad’s real-estate market registered the highest increase in new launches amongst India’s top 7 cities. JLL is one of the largest global real-estate service providers and it furnishes reports on the performance of real-estate markets. Hyderabad has already been recognised as one of the largest real-estate markets of the country due to its solid recovery post pandemic and rapid infrastructural growth.
Hyderabad topped the charts of highest residential launches in 2021 with an increase of 26% compared to 2020. The report used gathered data from India’s top 7 real-estate markets – Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, Hyderabad, Pune, Chennai & Kolkata. Pune registered the second highest increase in new launches for 2021 at 17.5%, while new launches in Bengaluru and Mumbai increased by 16.4% & 16.1% respectively. The data used for deciding the change in number of new launches is only for residential apartments/flats and does not include row houses, villas or plotted development projects.
The report also indicates that the number of residential sales in Hyderabad for 2021 has almost matched the sales in pre-Covid years. In 2020, only around 9,900 residential units were sold in Hyderabad whereas in 2021, approximately 15,800 units were sold which is almost identical to the number of residential units sold in 2019. According to the JLL report, a strong economic recovery & improving market sentiment has boosted the confidence of developers as they have launched projects across all major cities to tap into the demand recovery.
The sales of units in residential sectors for top 7 Indian cities was approximated to be around 1.3 lakh units sold across all cities which is an improvement of 72% compared to sales figures of 2020. In Q4 2021, there were more than 45,000 residential units/apartments launched across the top 7 cities which is an increase of 38% year-on-year for the same period. Pune had the highest number of new launches in Q4 2021 with a 19% share, whereas Hyderabad & Bengaluru shared second spot with 17% each.
Hyderabad’s realty market has already topped several lists measuring performance indices – it has had the highest residential sales growth, highest institutional investment in realty sector and now the highest number of new launches – all for the year 2021. The strong performance of Hyderabad’s realty market indicates it is one of the most favourable markets by investors and is currently enjoying a real-estate market boom. The pace of expansion & development in and around Hyderabad proves it is a resilient, rapidly growing city with a lot of promise for the future.
