Hyderabad real estate market shows resilience with 7% growth in Q3 residential registrations
Hyderabad’s real estate market has shown impressive growth, as detailed in a recent report by real estate consultancy Square Yards. Residential property registrations increased by 7% in the third quarter of 2024 (July–September) compared to the same period last year. Registered properties rose from 18,314 to 19,527, signaling sustained demand in the housing sector.
Hyderabad is now one of India’s fastest-growing real estate markets, attracting both domestic investors and migrants. Increased demand spans various residential segments, including luxury and ultra-luxury homes—a trend driven by rising incomes and infrastructure advancements.
A standout element of this growth is the rise in the sales value, which surged by 20% year-over-year, totaling approximately ₹11,718 crore in registered sales. This trend reflects strong housing demand, attributed to economic stability and continuous infrastructure improvements.
Square Yards’ Sales Director, Debayan Bhattacharya, noted that Hyderabad’s thriving IT sector and steady income levels among professionals have revitalized the market. Key residential hotspots like Gachibowli, Madhapur, Kokapet, and Narsingi are seeing heightened interest due to their proximity to IT hubs and improved connectivity to the airport, enhancing their appeal for homebuyers.
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Defamatory post against Dharmasthala Veerendra Heggade: Case registered against Girish Mattannavar
Belthangady: A case has been registered at Dharmasthala police station against Girish Mattannavar over a complaint regarding alleged defamatory posts on social media against Dr. D. Veerendra Heggade, Dharmadhikari of Sri Kshetra Dharmasthala.
The complaint was filed by Subrahmanya Prasad, a resident of Dharmasthala.
The complainant stated that Mattannavar posted content on Instagram making allegations against Dr. Heggade and allegedly affecting his reputation.
Based on the complaint, a case was registered under Section 353(2) of the Bharatiya Nyaya Sanhita (BNS), which is related to spreading false information, rumours, or alarming news, on April 18, and the investigation is in progress.
Following information about Mattannavar’s appearance at the SIT office on May 7, a police officer from Dharmasthala police station issued a notice directing him to appear at the station within a week.
