Hyderabad Real Estate Sector Faces Sharp Decline With Property Registrations Dropping Significantly

The real estate sector in Telangana, particularly in Hyderabad, is facing a severe slowdown as per a recent report by Knight Frank India. Residential property registrations in the state capital dropped by 14 percent in October compared to the same month last year. Property registrations fell from 6,194 units to 5,318 units across Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy districts. According to the report, the total value of registered properties also decreased by 3 percent to 4,395 crore rupees. The slowdown heavily impacts middle and lower-class buyers, with registrations for homes priced under 50 lakh rupees dropping by 21 percent.