Hyderabad Tops Real Estate ROI Charts, Beats Delhi and Mumbai

Hyderabad has emerged as India’s fastest-growing property market, posting an impressive 80% rise in housing prices from 2020 to 2024, according to investment banker Sarthak Ahuja. This outsizes the 45%–50% gains seen in major cities like Delhi and Bangalore, and far exceeds Mumbai’s 40% increase.

📊 How Major Cities Stack Up in Price Growth

City	Estimated Appreciation (2020–2024)
Hyderabad	80%
Noida	70%
Gurgaon	60%
Delhi	~45%
Bangalore	~45%
Mumbai	~40%
Pune	~30%
Chennai, Kolkata	<25%

Noida’s surge is particularly notable, with new-project prices skyrocketing 152% from 2019 to 2024, effectively doubling over the past four years.

Hyderabad’s Robust Local Growth, Backed by Data

Knight Frank reports Hyderabad’s average annual price growth at about 6%, with districts like Medchal‑Malkajgiri showing peaks of 14%. In May 2025, the overall property transaction value rose 10% year‑on‑year, hitting over ₹4,300 crore, and Rangareddy saw 12% price appreciation.

What’s Driving the Hyderabad Story?

• Rise of IT and business hubs has attracted young professionals and increased demand for premium homes.
• The city’s infrastructure boom, including new flyovers and metro extensions, improves connectivity across suburbs .
• The housing market shows strong premiumization, with luxury home registrations rising 58% YoY, especially in areas like Banjara Hills and Jubilee Hills.

Daily registrations also show a preference for larger homes, with 67% of new registrations being 1,000–2,000 sq ft in May 2025.

Beware: Cities like Pune, Chennai, Kolkata Lag Behind

While Hyderabad, Noida, and Gurgaon surged ahead, traditional real estate hubs are lagging:

• Pune grew ~30% over four years.
• Chennai and Kolkata delivered under 25% gains.

Regional pockets may still show strong micro-market growth, but city-wide averages lag emerging markets.

Emerging Markets Redefine Investment Norms

India’s real estate growth narrative is shifting. Hyderabad’s sustained double-digit growth, Noida’s explosive gains, and Gurgaon’s corridor-based uplift highlight a clear move toward emerging growth centers over legacy metros. For investors and homebuyers, these markets offer stronger appreciation, comparatively affordable price entry, and future potential.

Advice for Buyers and Investors

• Focus on city-wide performance, not just select hotspots.
• Track infrastructure developments—they often drive mid-term value.
• Check district-level data like Knight Frank’s insights to identify growth pockets.

With Hyderabad, Noida, and Gurgaon leading the charge, smart buyers should reassess where future wealth creation lies in Indian real estate.

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