Hyderabad: The real estate market in Kokapet and two other areas in Hyderabad has witnessed a significant surge in prices.
According to a report by the real estate services company ANAROCK, among the top 10 areas from various Indian cities that saw a surge in prices, three are from Hyderabad.
Real estate in three areas of Hyderabad sees over 50 pc price jump
The following are the three areas that featured in the list of top 10 areas with a significant surge in prices:
- Kokapet
- Bachupally
- Tellapur
The real estate market in Kokapet witnessed the highest surge in Hyderabad, jumping by 89 percent, from Rs 4,750 per sq. ft in 2019 to Rs 9,000 per sq. ft in H1 2024.
Below are the prices per sq. ft in 2019 and H1 2024 for the three areas in Hyderabad:
| Area | Per sq. ft price in 2019 (in Rs) | Per sq. ft price in H1 2024 (in Rs) | Price appreciation (in percent) |
| Kokapet | 4,750 | 9,000 | 89 |
| Bachupally | 3,690 | 5,800 | 57 |
| Tellapur | 4,819 | 7,350 | 53 |
Hyderabad’s Kokapet ranks second on list
The real estate market in this area, which saw a significant price appreciation, ranks second in the list of the top 10 areas with the highest price appreciation.
Hyderabad’s real estate market continues to be second most expensive in India
Below are the areas including Hyderabad’s Kokapet and their prices per sq.ft in 2019 and H1 2024:
| City | Area | Per sq. ft price in 2019 (in Rs) | Per sq. ft price in H1 2024 (in Rs) | Price appreciation (in percent) |
| Bengaluru | Bagaluru | 4,300 | 8,151 | 90 |
| Hyderabad | Kokapet | 4,750 | 9,000 | 89 |
| Bengaluru | Whitefield | 4,765 | 8,600 | 80 |
| NCR | Dwarka Expressway | 5,359 | 9,600 | 79 |
| Bengaluru | Sarjapur Road | 5,870 | 9,300 | 58 |
| Hyderabad | Bachupally | 3,690 | 5,800 | 57 |
| Hyderabad | Tellapur | 4,819 | 7,350 | 53 |
| MMR | Panvel | 5,520 | 8,300 | 50 |
| NCR | New Gurugram | 6,100 | 9,000 | 48 |
| MMR | Dombivli | 6,625 | 9,300 | 40 |
According to Anuj Puri, the chairman of ANAROCK Group, housing price growth accelerated after the pandemic.
“As per our data, the top 7 cities collectively saw over 44 percent of price appreciation in the last five years. At a city level, Hyderabad recorded the highest jump of 64 percent between 2019 and H1 2024, followed by Bengaluru with a 57 percent increase. The lowest price growth of 25 percent was seen in Kolkata. NCR and MMR both witnessed a 48 percent price appreciation each in this period.,” he added.
