Ranga Reddy Defies Market Downturn: Surge in Homes Over ₹1 Crore Highlights Luxury Demand Resilience
Ranga Reddy Defies Market Downturn: Surge in Rs.1 Crore+ Homes Highlights Luxury Demand Resilience Hyderabad's residential market faced a tough April 2025, with a 12% year-on-year drop in property registrations and a 4% decrease in transaction value. Yet, Ranga Reddy stood out, seeing a 2% rise in premium home sales (₹1 crore+). This segment made up 51% of the district’s total transaction value that month. While Hyderabad’s total transaction value stayed above ₹4,000 crore, the premium housing market’s dominance shows a shift toward high-value properties. Homes priced above ₹1 crore made up 20% of total registrations but drove over half the value, showing a trend toward larger, more luxurious living spaces.
Market Performance Overview
Resilience Amid Broader Decline The Knight Frank India report shows a strange market dynamic where premium demand thrives while mass-market sales are stagnant. Though Hyderabad’s overall registrations fell, the value contribution from high-end homes stayed strong, showing a polarized market recovery. Ranga Reddy’s performance stands out as a small example of this trend, with its premium sales balancing out shortcomings in mid-tier and affordable segments.
Dissecting the Premium Housing Surge
Demand Drivers in Ranga Reddy Key districts fueling this growth include:
- Rangareddy: Led with 48% of registrations, followed by Medchal-Malkajgiri (36%) and Hyderabad (15%)
- Medchal-Malkajgiri and Sangareddy: Showed strong demand for spacious layouts, especially properties over 2,000 sq ft
The ₹1 crore+ segment saw registrations grow 2% year-on-year, defying the broader market slowdown. This contrasts sharply with mid-tier and affordable segments that struggled with declining interest. The preference for premium housing in these districts reflects changing buyer priorities favoring exclusivity and space.
District-Wise Breakdown: Ranga Reddy’s Dominance
Transaction Value Leadership Ranga Reddy accounted for 51% of premium transaction value in April, backed by:
- Rising average property prices (20% year-on-year increase in June 2025)
- Strategic appeal as a hub for large-format developments
- Proximity to infrastructure and commercial hubs
Property Size Trends: Bigger is Better
Spacious Living Captures 18% Market Share Larger homes (over 2,000 sq ft) now represent 18% of registrations in Ranga Reddy, up from 15% in April 2024. This preference aligns with:
- Luxury buyer priorities: Open spaces and bespoke features
- Developer focus: Projects design with smart amenities targeted high-net-worth individuals.
- Market dynamics: Limited supply of premium inventory driving competition
Key Factors Behind the Trend
Infrastructure and Affordability Ranga Reddy’s appeal comes from:
- Relative affordability compared to core Hyderabad districts
- Expanding infrastructure including transport links and social amenities
- Strategic locales with access to IT hubs and green spaces
- Regulatory enforcement by Telangana RERA ensuring transparency
Future Outlook: Consolidation of Luxury Demand
Knight Frank India predicts continued momentum for premium housing, citing:
- Favorable home loan rates and improved economic sentiment
- Shift in buyer preferences toward larger, more exclusive properties
- Developer responses: Increasing supply of luxury projects in emerging districts
The data suggests Hyderabad’s residential market is polarizing, with premium segments acting as counterweights to broader market weaknesses. Ranga Reddy remains a key battleground for wealthy buyers seeking value, space, and exclusivity in one of India’s fastest-growing cities. As land prices rise and developers expand their focus on luxury offerings, this district may solidify its position as Hyderabad’s premium housing hub.