Hyderabad Home Sales Fall 13% to Four-Year Low
Hyderabad recorded its weakest half-year sales since 2022 as unsold inventory climbed to 29 months.
Home sales in Greater Hyderabad dropped 13% to 26,068 units in the first half of fiscal 2026. This marks the lowest half-year performance since 2022. The data comes from a CREDAI Hyderabad-CRE Matrix report.
Average ticket sizes rose 10% to Rs 2.03 crore during the same period. Total housing sales value reached Rs 52,913 crore. Hyderabad remains the third-largest residential market in India by value, behind Bengaluru and Mumbai.
Buyer Caution Drives Market Slowdown
Investment flows from non-resident Indians have weakened. Uncertainty over jobs and tightened visa norms in the US have reduced demand for premium housing. Local salaried professionals are also delaying purchases above Rs 2 crore.
Job security concerns are pushing many buyers to remain in rental housing. Developers cite negative sentiment on social media as a further deterrent. B Jaganath Rao, CREDAI Hyderabad president-elect, noted that the city still outperforms several other major metros.
Inventory Overhang Reaches 29 Months
Unsold housing stock increased 21% year-on-year to 1,42,722 units. This pushes the inventory overhang to approximately 29 months. Only about 30,000 units are ready for occupancy or due for completion in 2026.
A further 59,400 units are scheduled for completion in 2027 and 2028. Another 53,800 units are expected to be finished in 2029 or later. The bulk of the stock remains far from the market.
Launches Outpace Sales by 37%
Developers launched a record 49,656 homes in the first half of 2026. This represents a 37% increase over the same period last year. The gap between new launches and sales is widening as demand weakens.
Sales have fallen from over 36,000 units in the first half of 2023 to the current level. Industry players anticipate a recovery in the second half of the year. The festive season has already shown improved buyer activity.
