Hyderabad Real Estate: 12.5% Surge in Residential Property Registrations | timesproperty.com
Hyderabad's real estate market is experiencing a boom, fuelled by a significant surge in property registrations and building permissions. This upswing is particularly evident in residential property registrations, which have witnessed a 12.5 per cent increase between December 2023 and June 2024 compared to the same period last year.
Registration Surge Fuels Government Revenue This growth in property registration activity translates to a positive impact on the state's revenue. Government data reveals that registration fees collected from Hyderabad Metropolitan Development Authority (HMDA) and Greater Hyderabad Municipal Corporation (GHMC) limits have risen to Rs 4,670 crore in the past seven months. This represents a Rs 241 crore increase over the previous seven-month period, showcasing the robust growth within the Hyderabad real estate market.
