Kokapet has emerged as the second most successful real estate market in India, with residential prices soaring by 89% over the past five years. A report by ANAROCK Research indicates that the area has experienced a surge in demand, coupled with a substantial influx of new supply, pushing prices from ₹4,750 per square foot in 2019 to ₹9,000 per square foot in the first half of 2024.
During this period, Kokapet added about 12,920 new residential units to the market. The ultra-luxury segment, featuring properties priced above ₹2.5 crore, made up a significant 52% of this new supply. Another 30% of the supply fell into the mid and premium segments, while 19% was in the luxury category, priced between ₹1.5 crore and ₹2.5 crore.
Bachupally, another prominent locality in Hyderabad, also showed remarkable growth, with property prices increasing by 57% over the last five years. Average prices rose from ₹3,690 per square foot in 2019 to ₹5,800 per square foot in the first half of 2024. The area’s popularity has been bolstered by its strong mid-premium segment offerings, attracting a diverse range of homebuyers.
Tellapur also witnessed significant price appreciation, with a 53% increase from ₹4,819 per square foot in 2019 to ₹7,350 per square foot in the first half of 2024. During this time, the locality added around 18,960 new units, with 66% of these in the mid and premium segments and 34% in the luxury category.
