Mumbai Metropolitan Region (MMR) & Hyderabad become most expensive residential real estate | PropTiger | SURFACES REPORTER Real estate update

With the average price range of Rs 9,600-Rs 9,800 per sq ft, Mumbai Metropolitan Region (MMR) becomes the costliest residential real estate market followed by the IT hub Hyderabad where the price looms between Rs 5,800-Rs 6,000 per sq ft, a report by PropTiger find out. Read more at SURFACES REPORTER (SR).

Hyderabad records highest growth in the residential property sales

According to PropTiger's latest research report titled, "Real Insight (Residential) July-September (Q3) 2021", on the back of robust demand resulting in a steady price rise, the city of Hyderabad recorded the highest growth in residential property sales for the July-September quarter. The report suggests that while the MMR recorded the highest residential price per square feet (9600-9800), Hyderabad recorded Rs 5800-6000 per square feet. As compared, other cities that are placed in the list are Bengaluru (Rs 5400-5600/ sq ft), Chennai (Rs 5300-5500/ sq ft), Pune (Rs 5000-5200 sq ft) and Delhi NCR (Rs 4300-4500 per sq ft).


The recently ended July-September 2021 quarter recorded a total of 7,812 sold units in Hyderabad which is a 222% jump quarter-on-quarter and 140% rise year-on-year. Most of these sales took place in the areas including Bachupally, Tellapur, Gandipet, Dundigal and Miyapur etc.

Delhi NCR has the highest inventory overhand

With the highest inventory overhand of 62 months, Delhi NCR's residential market status doesn't look good as compared to the other top cities of the country. Hyderabad records the lowest inventory overhand of 25 months followed by Chennai and Kolkata (32 months), Bengaluru (35 months), Pune (41 months), Ahmedabad (42 months) and Mumbai (58 months).

According to Rajan Sood, business head,, "with housing affordability at a record high on the back of 10-year low home loan interest rates and sops offered by some state governments by way of reduced stamp duties and circle rates, the housing market of the top eight cities may show stability in the ongoing quarter."

Source: Times Of India

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