Hyderabad, April 23 -- Hyderabad recorded a 10% month-on-month drop in residential property registrations in March 2024, with a total of 6,416 properties registered. The total value of these properties was Rs 4,039 crore, marking a 7% decline from the previous month.

This data covers four districts: Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy. Rangareddy district led the market with 46% of the registrations, followed by Medchal-Malkajgiri and Hyderabad districts with 40% and 14%, respectively.

Apartments between 1,000 to 2,000 square feet dominated the market, making up 70% of all registrations. The demand for smaller homes below 1,000 square feet decreased to 16%, and the interest in larger properties over 2,000 square fe...