Hyderabad: The city has recorded a total of 31,046 sales of housing units in the past year, which is the highest total since 2011.

With a 28% YoY increase in housing sales volume in 2022, the housing market reported robust sales activity.

This year, the number of units launched as part of new projects in the city also increased by 23% year-over-year.

With 52% of all space transacted, e-commerce, education, healthcare, logistics, and other service industries significantly contributed to the market.

The sales market saw strong growth in the second half of 2022, with sales of 16,353 units, a 32% YoY increase over the same period the previous year, according to a Knight Frank report.

In the second half of 2022, developers added another 43,847 new units to the market, bringing the total number of launches to 22,491 units, an increase of 18% YoY.

The majority of new homes were built in West Hyderabad (Tellapur, Kollur, Gandipet, and Narsingi), with about 61% of the total units there.

While Hyderabad's northern region also saw a slight increase in its share of total sales, rising to 19% in 2022 from 18% in the second half of 2021.

He went on to say, "While the market for lower-priced properties has been impacted, there is still strong demand for high-value properties, maintaining a positive outlook for the city's housing market."

In addition, 6.7 million square feet of office space were leased in Hyderabad's commercial real estate market in 2022, representing a 12% YoY increase.

While the number of office transactions in Hyderabad decreased by 20% year-over-year in H2 2022, a total of 3.5 million square feet were leased annually.

Throughout the second half of 2022, the IT industry remained the market's dominant sector, accounting for 31% of the total space traded.