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Tellapur Tops Hyderabad Real Estate Market
Tellapur Emerges as Hyderabad’s Most Active Real Estate Micro-Market
Hyderabad’s real estate sector continues to thrive, with Tellapur emerging as the most active micro-market in the city. A recent study by ANAROCK, a leading real estate services company, revealed that Tellapur has seen significant growth in the number of new units supplied between 2019 and the first half of 2024. With over 18,960 new units added to the market, Tellapur has not only established itself as a prominent player in Hyderabad but also secured its place among the top ten active real estate markets in India.
Tellapur Ranks Among Top Real Estate Markets in India
Nationally, Tellapur ranks as the ninth most active real estate market, demonstrating robust growth and consistent demand for residential properties. Between 2019 and H1 2024, Tellapur recorded over 18,960 new residential units, marking it as a key hotspot within Hyderabad’s property landscape. The majority of these new units, approximately 66%, fall within the mid and premium segments, while the remaining 34% are priced above Rs 1.5 crore, catering to a more affluent buyer segment.
Rising Property Prices in Tellapur
The surge in real estate activity in Tellapur is reflected in the rising property prices. As of the first half of 2024, the average price per square foot in Tellapur is approximately Rs 7,350. This marks a substantial increase from the average price of Rs 4,819 per square foot in 2019, highlighting the market’s growing attractiveness and investment potential. The steady appreciation in property values indicates strong investor confidence and sustained demand in the area.
Top Residential Hotspots in India
The study by ANAROCK also provided insights into the top residential hotspots across India, identifying regions that have witnessed the highest new supply of residential units since 2019. Dombivli in the Mumbai Metropolitan Region (MMR) tops the list as the most active real estate market in India, with over 44,990 new units launched. Dombivli is followed by Sarjapur Road in Bengaluru and Panvel in MMR, with 36,150 and 34,400 new units supplied, respectively.
Below is the list of the top 10 residential hotspots in India based on new supply from 2019 to H1 2024:
| Region/City | Residential Hotspots with Highest New Supply | Total New Supply (Units) |
|---|---|---|
| MMR | Dombivli | 44,990 |
| Bengaluru | Sarjapur Road | 36,150 |
| MMR | Panvel | 34,400 |
| MMR | Thane West | 34,020 |
| NCR | Greater Faridabad | 32,740 |
| Pune | Hinjewadi | 25,140 |
| NCR | New Gurugram | 21,125 |
| NCR | Dwarka Expressway | 20,250 |
| Hyderabad | Tellapur | 18,960 |
| Bengaluru | Whitefield | 18,600 |
Tellapur’s Competitive Edge in Hyderabad’s Real Estate
Tellapur’s rapid development and strategic location have positioned it as a prime choice for investors and homebuyers alike. Proximity to the IT hubs, excellent connectivity to major parts of the city, and ongoing infrastructural developments are key factors driving demand in this micro-market. The area has seen considerable investments in residential projects, catering to both mid-segment and luxury buyers, thereby enhancing its appeal as a balanced and versatile real estate destination.
Future Prospects for Tellapur
The future looks promising for Tellapur, with continued infrastructural developments expected to further boost its real estate market. The ongoing expansion of road networks and upcoming metro connectivity are likely to enhance accessibility, making it even more attractive to prospective buyers and investors. With a strong pipeline of residential projects and increasing interest from major developers, Tellapur is well-positioned to maintain its status as Hyderabad’s most active real estate micro-market.
Conclusion
Tellapur’s emergence as Hyderabad’s leading real estate micro-market underscores the city’s dynamic and evolving property landscape. With a substantial supply of new units and rising property prices, Tellapur offers a blend of affordability and luxury, catering to a diverse range of buyers. Its ranking among India’s top ten residential hotspots highlights its significance not just within Hyderabad but on a national scale, marking it as a key area to watch for future real estate investments.
Disclaimer:
The information provided in this article is based on the latest data from ANAROCK and reflects the real estate market conditions as of H1 2024. Property prices and market dynamics are subject to change, and readers are advised to conduct their own research or consult with real estate professionals before making any investment decisions.
