Sales down quarter-over-quarter with approximately 8,300 homes sold in Q4 2025

• While sales were marginally down by 1.7% q-o-q, the premium segment continued to maintain sales momentum. Properties priced above INR 1 crore demonstrated robust performance, representing 89% of total sales volume, while demand for housing below INR 1 crore weakened.
• Q4 sales were primarily concentrated in western suburbs, which accounted for 79.2% of total sales volume. Northern suburbs contributed 12.5%, while eastern suburbs represented 6.0% of sales recorded in the quarter.

Launches decline by 30.8% y-o-y in 2025

• New launches were up 5.7% q-o-q, but declined 30.8% year-over-year for 2025 full year amid affordability concerns, sluggishness in sales and high inventory levels.
• Western suburbs dominated Q4 launches with over 6,550 new units, representing 72% of total launches and included projects such as Rajapushpa Sierra and Sri Fortune Suraj Bhan Grande. Northern suburbs and secondary submarkets also recorded strong launch activity.

Capital values continue to rise albeit at slightly moderate pace y-o-y

• Capital values rose 2.7% q-o-q but have shown a slower 7.4% y-o-y growth as rising inventory levels and previous price rises amid slight sluggishness in sales kept the pace of capital value growth at moderate levels in 2025.
• Housing rents rose 2.9% q-o-q, driven by strong office market performance, rising migration, improved infrastructure including metro and road networks, and tenant preferences for quality amenities in gated communities, resulting in a competitive rental market.

Outlook: Residential demand expected to remain stable alongside continued price growth

• Hyderabad’s residential market is expected to remain positive, driven by strong growth in the office market and infrastructure initiatives, while demand for larger, amenity-rich homes will attract reputed and large-scale developers into the city.
• While buyers – both domestic and NRIs are expected to remain active in the market across various price segments, future price growth and affordability will determine the market trajectory on sales and inventory management.