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United News of India
3 days ago
- Business
- United News of India
Hyderabad registers home sales worth Rs 4000+ crore in April'25: Knight Frank India report
Hyderabad, May 31 (UNI) Hyderabad saw a downward revision of 12 percent year-on-year (YoY) despite the cumulative value of homes registered in April '25 remaining firmly above the Rs 4,000 crore value, according to the latest residential property registrations report released by Knight Frank India. While a slight marginal 4 percent dip was also recorded in the value of the properties registered in April 2025, registrations of homes priced above Rs 1 crore grew by 2 percent YoY, accounting for 20 percent of total registrations in April 2025, up from 17 percent last year, the report revealed. This signals a continued trend in preference for premium homes across the Hyderabad region, which includes Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy districts. The Rs 1+ crore category, while remaining the smallest by volume at 20 percent, contributed 51 percent to the total value of registrations in April'25. Upon analysis, it was noted that there has been a shift in the average prices in this category by almost 11 percent. The cumulative value of homes in Rs 1+ crore increased by 14 percent YoY compared with April 2024. Majority of the registered properties in Hyderabad were concentrated in the range of 1,000 to 2,000 square feet (sq ft), accounting for 67 percent of all registrations, the report stated. Units sized >2,000 sq ft accounted for 18 per cent of the total registrations as compared with the 15 per cent registered during April 2024. At the district level, Rangareddy accounted for 48 percent of property registrations, followed by Medchal-Malkajgiri (36%). Hyderabad district contributed the remaining 15 percent of total registrations. The weighted average price of transacted residential properties witnessed a YoY increase of 6 percent during April 2025. Among the districts, Rangareddy experienced the most increase of 9 percent YoY. Beyond the concentration of bulk transactions, homebuyers also purchased plush properties that are larger and offer superior amenities. The top five deals in April 2025 involved properties valued above Rs 7 crore. Three of these transactions were recorded in West Hyderabad, while two were in Central Hyderabad. Shishir Baijal, Chairman and Managing Director, Knight Frank India said, 'Hyderabad's residential market recorded a marginal decline in monthly sales volume in April 2025, reflecting a short-term moderation in transaction the sustained demand for premium homes—especially those priced above Rs 1 crore, which now contribute significantly to overall registration value—continues to demonstrate the market's underlying strength. This evolving buyer preference toward larger, higher-value homes indicates growing confidence in Hyderabad's long-term liveability and economic potential'. UNI KNR BD
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Business Standard
5 days ago
- Business
- Business Standard
Resale homes slide to 2% buyer interest as 67% choose under-construction
A majority 72% of homebuyers earning between ₹10 lakh and ₹50 lakh per year now prefer under-construction properties, signaling renewed confidence in developers and flexible payment plans, as per a recent study conducted by Knight Frank India, a real estate consultancy firm. Even among those earning less than ₹10 lakh, under-construction homes remain popular at 62%, though a growing 19% are opting for ready-to-move-in units to sidestep delivery risks and gain immediate possession. Across all income levels, resale homes are the least favored—proving that for today's buyers, new is not just better, it's smarter. The preference is particularly strong in emerging metros like Pune (81%), Ahmedabad (79%), Hyderabad (78%), and Bengaluru (71%), where a wave of new project launches is meeting rising urban demand. Even among the country's traditionally risk-averse segments—such as Gen X and Baby Boomers—under-construction homes remain the top choice. Ready-to-move-in homes are the second most popular, attracting 17% of buyers who value immediate possession and the added perk of avoiding GST on completed units. Demand for these properties is higher in MMR (33%) and Kolkata (24%), where execution risk and inventory dynamics make immediate delivery more attractive. Pre-launch properties, often linked with speculative buying, captured 14% of buyer interest, with NCR leading the trend. Here, a surprising 39% of buyers are comfortable with early-stage investments, reflecting confidence in the region's aggressive development pipeline. Resale market takes a hit The resale market, however, has hit a significant low—with just 2% of respondents considering it a viable option. Buyers cited concerns over maintenance issues, outdated amenities, and limited financing options as key deterrents. Meanwhile, younger buyers like Gen Z (73%) and Millennials (68%) are more open to waiting for delivery in exchange for customization and future upside. In contrast, buyers earning below ₹10 lakh show a more balanced outlook, with 19% choosing ready-to-move-in homes to avoid delays and gain stability. The study, which interviewed 1,629 buyers from India's top eight cities, highlights demand driven especially by millennials (82%) and high-income earners with annual incomes above Rs 5 million (91%). The report, titled Beyond Bricks: The Pulse of Home Buying, revealed the strongest ownership intent in Chennai (86%), Ahmedabad (83%), and the Mumbai Metropolitan Region (85%), where growing disposable incomes and urban expansion fuel purchase ambitions. Kolkata (80%) and Hyderabad (81%) also show high preference for owning homes, primarily driven by a desire for long-term stability. In contrast, Delhi-NCR (74%) and Bengaluru (73%) report relatively lower ownership sentiment, largely due to high property prices and a sizeable young, migrant workforce favoring rentals. Ownership sentiment includes both current owners (46% overall) and renters planning to buy soon (34%). High earners and millennials dominate the homebuying intent, whereas Gen Z (71%) and lower-income groups earning under INR 1 million (72%) show more cautious optimism, reflecting affordability challenges and lifestyle flexibility needs. A significant 37% of buyers are motivated by the desire to upgrade their current living situation, while 32% are first-time buyers looking for end-use homes. Apartments remain the most preferred residential choice across all demographics, though wealthier buyers show greater interest in independent houses and villas for added privacy and space. Investment driven purchases highest in Bengaluru and Mumbai Investment-driven purchases are more prominent in Bengaluru (40%) and Mumbai Metropolitan Region (34%), while end-use buying dominates Chennai (51%), Ahmedabad (48%), and Delhi-NCR (42%). The latter cities also see greater enthusiasm for under-construction and pre-launch projects, which offer modern amenities and pricing flexibility. Key Purchase Influencers: Location Leads as the Top Factor, Followed Closely by Affordability and Property Size Healthcare leads as priority when selecting a home When selecting a home, Indian buyers place high importance on proximity to healthcare facilities (58%), shopping outlets (53%), and access to public transport (40%). Surprisingly, amenities like fitness centers and community clubs rank lower, likely because modern projects increasingly include these features as standard.
Hindustan Times
26-05-2025
- Business
- Hindustan Times
80% Indians prioritise homeownership; Chennai, MMR, Ahmedabad lead in sentiment
Homeownership is a priority for 80% of Indians, with the strongest purchase sentiment seen in Chennai (86%), Ahmedabad (83%), and the Mumbai Metropolitan Region (85%), according to a study by Knight Frank India. The trend is driven by rising disposable incomes, improved financial stability, and strong cultural preferences for owning property. Two main markets that somewhat lagged in this regard were Delhi-NCR (74%) and Bengaluru (73%), owing to higher property prices and an influx of young, migrant professionals who favoured rental accommodations over ownership, the study showed. The study 'Beyond Bricks: The Pulse of Home Buying' shows that as many as 80% of respondents have positive purchase sentiments across the country. The report, which mapped various trends within the residential real estate space, noted that a significant majority (80%) of Indians still hold strong home ownership ambitions. This intent was noted to be the strongest amongst high earners with annual incomes above ₹5 million (91%) and millennials (82%). The purchase sentiment was strongest in areas such as Chennai (86%), Ahmedabad (83%), and Mumbai Metropolitan Region (85%), driven by growing disposable wealth, greater financial stability, and cultural sentiments. Other regions, such as Kolkata (80%) and Hyderabad (81%), also demonstrated high ownership preference owing to a desire for long-term security. Two main markets that somewhat lagged in this regard were Delhi-NCR (74%) and Bengaluru (73%), owing to higher property prices and an influx of young, migrant professionals who favoured rental accommodations over ownership, the study showed. Demography-wise, the purchase sentiment was pushed most robustly by high earners with annual incomes above ₹5 million (91%) and millennials (82%) due to their higher disposable wealth and better financial security. Respondents from Gen Z (71%) and lower-income groups earning less than ₹1 million annually (72%) had relatively lower homeownership sentiment due to affordability constraints, lifestyle flexibility, and early career mobility. This indicated a growing market demand for accessible financing solutions and entry-level housing options tailored to the unique needs of different consumer demographics, it said. As many as 1,629 respondents were interviewed from across the top eight cities across the country. 'Homeownership has emerged as a robust and enduring trend, particularly in the post-pandemic period, resulting in a marked increase in residential demand. This momentum was further supported by proactive measures undertaken by regulatory authorities, including extended reductions in repo rates and buyer-centric incentives such as stamp duty rebates. Collectively, these factors repositioned homeownership as a symbol of financial security and future stability. Additionally, sustained economic growth has reinforced buyer confidence, contributing to continued resilience and activity within the residential real estate sector,' said Shishir Baijal, Chairman and Managing Director, Knight Frank India. Also Read: Rising real estate prices: Netizens say homeownership is now a dream for the top 5% While buyer motivations were shaped by various factors such as economic trends, level of urbanisation, and affordability dynamics across different cities, the Home Buyer Survey highlighted some common trends driving the purchase sentiment. A significant portion of the respondents across the country (37%), for instance, were looking to purchase a home to upgrade to a better living space, while nearly a third (32%) wanted to buy a house for the first time for end-use. Apartments remained the most preferred residential choice across generations and income groups, though higher-income buyers showed a stronger preference for independent houses and villas, indicating a desire for space, privacy, and premium living, it said. Also Read: Is buying a home in Bengaluru worth it, or is renting the better option? Factors like location, affordability, and developer reputation continue to hold significance, while lifestyle amenities and financing options were also noted to be increasingly influential in buyer preferences. Seamless and easy access to common amenities remained high on the list of priorities for prospective Indian homebuyers. More than half (58%) preferred their new homes to be closer to health facilities, while a similar number (53%) indicated a preference for shopping outlets. Public transport access was also a prominent factor in the decision-making process of most buyers, with 40% of respondents indicating it to be something they sought while selecting a home, it showed. Features such as fitness centres (16%) and community clubs (23%) ranked much lower in the priority of homebuyers, with most expecting them to be a standard feature in modern housing projects. This indicated a growing shift amongst new-age homebuyers toward more informed and strategic decision-making, balancing financial viability, convenience, and long-term value, it noted.
Hindustan Times
21-05-2025
- Business
- Hindustan Times
Bengaluru floods: Can the tech capital draw lessons from China's sponge cities and Japan's flood tunnels?
With Bengaluru grappling with frequent flooding, there's a growing consensus that conventional drainage solutions are no longer enough. Cities around the world are turning to innovative, integrated stormwater infrastructure that not only controls floods but also delivers environmental, economic, and social benefits. From Japan's colossal underground flood chambers to China's nature-based 'sponge city' model, global examples offer valuable insights Bengaluru can draw from to build a more resilient and sustainable urban future, an analysis by Knight Frank India has said. Bengaluru has recorded an average economic growth rate of 8.5% over the past decade. As a thriving hub for technology, banking, consulting, defence, and R&D, the city continues to attract significant investment and talent. However, this rapid urbanisation and population surge have placed immense pressure on its natural ecosystems, particularly its drainage infrastructure, resulting in frequent urban flooding, it noted. 'One of the biggest hurdles in improving the city's drainage system is the lack of accurate and comprehensive mapping. This limits the ability of municipal authorities to assess and plan for infrastructure upgrades. Consequently, real estate projects are often approved within drainage buffer zones, further restricting water flow and exacerbating flooding,' said Shilpashree Venkatesh, Assistant Vice President – Research, Knight Frank India. Bengaluru's ability to tackle its flooding crisis will depend on how quickly and effectively it can upgrade its stormwater systems—while learning from global best practices to build a more resilient urban future, she said. To tackle this growing challenge, Bengaluru must adopt innovative stormwater management strategies. The consultancy noted that global examples demonstrate that well-designed, integrated systems can deliver not only environmental benefits but also economic and social gains. Japan's 'Underground Temple', officially the Metropolitan Area Outer Underground Discharge Channel, completed in 2006, lies 50 meters below Kasukabe City. This anti-flood network consists of five massive silos linked by 6.4 km of tunnels, capturing stormwater during heavy rains and typhoons before discharging it into a nearby river. It also serves as a tourism site, with guided tours generating revenue that helps offset maintenance costs, said Knight Frank India. Seoul's Cheonggyecheon Stream Restoration Project, launched in 2003, stands as a benchmark for integrated urban renewal. The initiative involved removing an elevated highway to restore a historic stream, resulting in a 639% increase in biodiversity by 2008 and a reduction in urban heat island effect by 3.3°C to 5.9°C. The upgraded flood protection system can now manage up to 118 mm/hour of rainfall, equivalent to a 200-year flood event. The revitalisation significantly boosted the local economy in the form of an increase in property values, tourism, public transit usage, it noted. Another forward-thinking approach is the 'sponge city' model, prominent in Chinese cities like Shanghai and Wuhan. It combines traditional drainage with green solutions—rain gardens, permeable pavements, wetlands—to absorb rainwater and recharge groundwater. Backed by national policies and funding, this model addresses flooding, water scarcity, and ecological degradation, it said.
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Business Standard
19-05-2025
- Business
- Business Standard
Real estate stakeholders turn cautious amid global uncertainty: Report
Indian real estate stakeholders have turned cautious amid global trade tensions, economic recalibration and regional volatility, according to the Knight Frank -Naredco Real Estate Sentiment Index report for the January–March 2025 period. The stakeholders include developers, banks, financial institutions and private equity funds. The sentiment score in Q1 CY25 declined to 54 from 59 in Q4 CY24, while the future sentiment score eased to 56, compared to 59 in the previous quarter. Hari Babu, President, Naredco, said: 'While the Knight Frank Q1 2025 Sentiment Index shows a marginal decline in both current and future sentiment scores compared to Q4, this slight dip amidst global uncertainties reflects the strength and adaptability of India's real estate sector.' The report gauges both current and future sentiment towards the real estate sector, as well as views on the broader economy and funding availability as perceived by supply-side stakeholders and financial institutions. A score of 50 denotes a neutral view; above 50 suggests positive sentiment, while below 50 indicates negative sentiment. According to the survey, the residential outlook leaned towards stability, with cautious launch plans. In Q1 CY25, 93 per cent of stakeholders expected residential prices to remain stable or improve, and 67 per cent anticipated stability or growth in new launches. However, residential sales sentiment moderated. Only 50 per cent of respondents expected sales to improve or remain steady in Q1 CY25, compared to 88 per cent in the same quarter last year. Meanwhile, the office segment continued to perform well, buoyed by robust leasing activity and stable rental growth. In Q1 CY25, 82 per cent of stakeholders expected office leasing volumes to remain steady or rise, while 91 per cent anticipated office rents to remain stable or increase. Shishir Baijal, Chairman and Managing Director, Knight Frank India, said: 'Q1 2025 marks a phase of strategic recalibration for the real estate sector, shaped by evolving global trade dynamics, softening consumption, and heightened geopolitical sensitivity. Despite these shifts, India's office market remains resilient, and the continued strength of the premium residential segment affirms the sector's underlying robustness.' In Q1 2025, only 55 per cent of stakeholders expected economic momentum to improve or remain stable, down sharply from 91 per cent in the same period last year. This moderation reflects concerns over global trade volatility and recent cross-border developments. However, the Reserve Bank of India's consecutive repo rate cuts in February and April are expected to support consumption and investment, the report said. Funding sentiment remained largely steady, with 79 per cent of stakeholders expecting fund availability to either improve or remain unchanged. Of this, 35 per cent foresee improved access—slightly lower than the previous quarter.
