Gachibowli records highest residential price jump, followed by Kondapur

Hyderabad’s Gachibowli recorded the highest 33 per cent jump in average residential prices between January and October 2020 and January and October 2023, followed by Kondapur with a 31 per cent rise.
According to the ANAROCK Research data, in Gachibowli, the average residential prices as of October 2023-end stand at approx. Rs 6,355 per sq ft. In the corresponding period of 2020, average prices in this locality were Rs 4,790 per sq ft.
Among the key micro markets across top 7 cities, Hyderabad’s Gachibowli records highest. Followed by Kondapur, Bengaluru and Miyapur. Kondapur recorded a 31 per cent average price rise in this period from Rs. 4,650 per sqft. by October-end 2020 to Rs 6,090 per sqft. by October- end 2023.
Prashant Thakur, Regional Director & Head – Research, ANAROCK Group said, “Among the top 7 cities, key areas in the IT-led cities Hyderabad, Bengaluru and Pune saw the highest surge in average prices. Hyderabad also has a higher scope of price appreciation because pre-Covid-19, the city’s average prices were relatively lower than in Bengaluru’s IT/ITeS hubs. As of 10M 2023, the average prices in Hyderabad’s key micro markets are almost at par with Bengaluru’s IT-led housing hotspots.”
Bengaluru’s Whitefield comes in third with a 29 per cent jump in this three-year period from Rs 4,900 per sqft. as on January to October 2020 to Rs 6,325 per sqft. by January to October 2022.