Kokapet, a burgeoning locality in Hyderabad, has ascended to become the second top-performing real estate market in India, exhibiting a remarkable 89% increase in residential property prices over the past five years. According to the latest report from ANAROCK Research, this substantial price appreciation is attributed to a sharp rise in demand coupled with a robust influx of new residential supply.
In 2019, the average price of residential properties in Kokapet was ₹4,750 per square foot. By the first half of 2024, this figure has surged to ₹9,000 per square foot. During this period, the locality has introduced approximately 12,920 new residential units. The ultra-luxury segment, with properties priced above ₹2.5 crore, has been a significant contributor, accounting for 52% of the new supply. Additionally, 30% of the new units fall within the mid and premium segments, while 19% are classified under the luxury price bracket of ₹1.5 to ₹2.5 crore. Other key localities in Hyderabad also demonstrated notable growth. Bachupally saw a 57% increase in property prices, with average costs rising from ₹3,690 per square foot in 2019 to ₹5,800 per square foot in the first half of 2024. This area’s appeal is driven by a strong offering in the mid-premium segment, attracting a diverse range of homebuyers.
Similarly, Tellapur experienced a significant 53% price appreciation, with prices climbing from ₹4,819 per square foot in 2019 to ₹7,350 per square foot in H1 2024. During this period, Tellapur added around 18,960 new units, with 66% in the mid and premium segments and 34% in the luxury category. Overall, the dynamic growth in these Hyderabad localities reflects a broader trend in the Indian real estate market, driven by increasing demand and substantial new developments. Kokapet’s exceptional performance highlights the area’s growing importance in the real estate landscape and signals continued investor interest in high-growth regions.
