Hyderabad Housing Sales Surge Despite Rising Home Loan Rates
Hyderabad’s real estate industry has seen a spike in housing sales, despite economic concerns and rising house loan rates. According to Anarock Research, 13,570 units were sold in the second quarter of 2023, a 21 percent rise.
This housing sales boom defies the odds and shows the city’s real estate’s growing appeal to homebuyers. The same period saw 10,470 new properties debut in Hyderabad. 43 percent of the new supply is for properties over INR 1.5 crore, despite a 51 percent annual reduction.
Hyderabad’s housing industry thrives despite rising home loan rates and global economic headwinds. In Q2 2023, residential property values rose 10 percent to INR 4,980 per sq ft, demonstrating the city’s resiliency and latent potential.