62% growth in sales value following rise in demand for higher priced units
Real estate sales in Hyderabad increased by 33% year on year with sales value growing by 62% due to increase in demand for higher priced units from 2014 to 2019. Similarly, on quarter to quarter, despite a per cent’s drop in sale, the value of sales has increased by 15%, according to a report by Liases Foras, a real estate rating and research data analytics company.
The report was presented at the recently held Confederation of Real Estate Developers Association of India (CREDAI) leadership conclave a few days ago in Pune by the company’s MD Pankaj Kapoor.
The Hyderabad market has about 360 developers with 509 projects and more than a lakh units in supply. The top gainers in the past five years is only bettered by Ahmedabad (118%) and Mumbai-Mumbai Metropolitan Region (86%); Hyderabad stood at 76%.