March 19, 2025: Registrations of homes priced above Rs 1 crore increased by 1% year-on-year (YoY), even as overall registrations declined 16% YoY, according to the latest Knight Frank India report. Property registrations increasing 10% month-on-month (MoM) and the total registered home value rising 13% MoM, indicating signs of recovery in the market. Highlighting Hyderabad’s ongoing shift toward premium homes, the report stated that in recent months, registrations for homes priced below Rs 50 lakh—which still makes up for more than half of the total transactions—have steadily declined. In February 2025, this segment saw a 20% YoY drop. The Hyderabad residential market covers Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy, including both primary and secondary real estate transactions.
According to the report, the total number of units registered in February 2025 was 5,988 as compared to 5,464 in January. Based on the registration value split for INR cr properties, the number in February 2025 was 3,925 as compared to 3,463 in January.
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Increase in registrations of high-value apartments
The report mentioned that properties priced under Rs 50 lakh dominated registrations but a strong shift toward premiumisation has emerged. Homes priced at Rs 1 crore and above increased by 1% YoY, accounting for 18% of total registrations in February 2025, reflecting a growing preference for higher-value properties. This comes despite overall registration numbers being higher in February 2024.
Majority of the registered properties in Hyderabad were concentrated in the 1,000 to 2,000 square feet (sqft) range, accounting for 67% of all registrations. Units sized above 2000 sq ft accounted for 17% of the total registrations as compared with 13% registered during February 2024.
At the district level, Rangareddy accounted for 44% of property registrations, closely followed by Medchal-Malkajgiri at 41%. Hyderabad district contributed the remaining 15% of total registrations. The weighted average price of transacted residential properties witnessed a YoY increase of 6% in February 2025. Among the districts, Rangareddy experienced the most increase of 9% YoY, the report said.
Beyond the concentration of bulk transactions, homebuyers also purchased plush properties that are larger in size and offer superior amenities. The top five deals in February 2025 involved properties exceeding 3,000 sqft and valued above Rs 6 crore. Four of these transactions were recorded in Central Hyderabad, while one was in Western Hyderabad.
 Shishir Baijal, chairman and managing director, Knight Frank India said, “Hyderabad’s residential market continues to exhibit a premiumization trend, with registrations for Rs 1+ cr homes outperforming other categories that saw a dip mainly on account of base period effect. The steady demand for larger, high-value homes and the 6% YoY increase in weighted average prices reflect buyer confidence and evolving lifestyle aspirations. Notably, Rangareddy remains a key market, leading both in transaction share and price appreciation.”
