Hyderabad’s Kokapet has ascended to prominence as one of the most lucrative real estate markets in India, marking a remarkable 89% surge in residential property prices over the past five years.
A recent analysis by ANAROCK Research highlights the locality’s significant growth, with average prices climbing from ₹4,750 per square foot in 2019 to ₹9,000 per square foot by mid-2024. This exceptional appreciation in property values is largely attributed to a robust increase in demand paired with a substantial influx of new residential units. During this period, Kokapet introduced approximately 12,920 new homes into the market. The ultra-luxury segment, representing properties priced above ₹2.5 crore, has been particularly prominent, accounting for 52% of the new supply.
Furthermore, 30% of the new units fell into the mid and premium segments, while 19% were categorised as luxury, priced between ₹1.5 to ₹2.5 crore. In contrast, other localities in Hyderabad have also seen significant growth, though not to the extent observed in Kokapet. Bachupally, for example, experienced a 57% increase in property prices over the last five years, with prices rising from ₹3,690 per square foot in 2019 to ₹5,800 per square foot in the first half of 2024. The area’s appeal lies in its diverse mid-premium segment offerings, attracting a broad spectrum of buyers.
Similarly, Tellapur has reported a 53% rise in property values, with prices escalating from ₹4,819 per square foot in 2019 to ₹7,350 per square foot in early 2024. During this timeframe, Tellapur added around 18,960 new residential units, with 66% of these in the mid and premium categories and 34% in the luxury segment. The dynamism observed In Hyderabad’s real estate sector underscores a burgeoning trend of rising property values driven by both high demand and significant new supply across various segments.
