According to an Anarock report, Hyderabad has seen the launch of 23,000 units, with 19,700 units sold in Q1 2024. The available inventory stands at 101,300. It's worth noting that their research may not encompass all units, particularly those in standalone buildings in remote areas.
Hyderabad has experienced a 57% increase in new launches, while Bangalore has only seen a 13% increase. Hyderabad's contribution to new launches in India is notably high, at 21%.
Interestingly, there has been a significant shift in the high-end and ultra-luxury markets, which now account for 25% of the market share.
Further analysis revealed that Hyderabad stands out with a 21% increase in available inventory year on year, while other cities have seen declines.
All other cities have relatively low inventory overhang, with 14 months for most and 8 months for Bangalore. Hyderabad, however, has the highest inventory overhang at 18 months.
Given these factors, apartment prices in Hyderabad are likely to remain stable for the next couple of years unless the government introduces new policies or initiatives to attract more companies to the city, thereby increasing housing sales and potentially driving up prices.
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