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The real estate market in Hyderabad showed some interesting shifts in 2024, with certain areas seeing significant price hikes, while others faced a dip.

On average, property prices across the city grew by 8%, bringing the average price to Rs 5,974 per square foot. However, this growth wasn't uniform throughout the city.

Areas with Price Growth

1. LB Nagar (East): This area saw the biggest jump, with prices increasing by 11% in just one year. The price range here is now between Rs 6,450 and Rs 7,307 per square foot.

2. Kompally (North): Prices in Kompally rose by 10%, with current rates ranging from Rs 5,758 to Rs 6,220 per square foot.

3. Bandlaguda (South): Unlike other parts of South Hyderabad, Bandlaguda experienced a 3% increase in prices. The price range here is between Rs 7,789 and Rs 8,789 per square foot.

Areas with Price Decline

1. Rajendra Nagar (South): This locality saw a 6% drop in prices over the year, with an 11cline in the last six months. Prices here now range between Rs 6,950 and Rs 7,909 per square foot.

2. Jubilee Hills (Central): One of the most prestigious areas in Hyderabad, Jubilee Hills remained stable in terms of pricing, showing no change throughout the year. Prices range from Rs 13,400 to Rs 14,034 per square foot.

Market Trends by Price Range

The real estate market also showed shifts in different price segments. The Rs 10-20 million range saw the largest increase, growing by 36%. The higher-end properties, priced between Rs 20-50 million, saw a massive 72% increase. On the other hand, the lower-end properties (under Rs 5 million) experienced a decline in sales.

Other Key Areas

• Banjara Hills (Central): Prices rose by 8%, with a range of Rs 14,400 to Rs 16,020 per square foot.
• Kokapet (West): Prices increased by 7%, ranging from Rs 10,045 to Rs 12,500 per square foot.
• Manikonda (West): A 6% rise in prices, with a range of Rs 8,500 to Rs 9,220 per square foot.

Hyderabad’s real estate market is diverse, with some areas, like LB Nagar and Kompally, showing strong growth, while others, like Rajendra Nagar, are facing challenges. For those looking to rent or lease properties, visit websites like EazeMyRent offer a great platform to explore rental options across India.