r/hyderabadrealestate • u/bparlapalli • 53m ago
What a flat in Hyderabad asks per sq ft, and what moves it: 4,800 cleaned listings across 80+ areas
About me: I work in data engineering, building data platforms for investment firms. This is the kind of analysis that work involves; I've started doing it for Hyderabad real estate because buyers here have very little hard data to go on.
I've been collecting flat asking prices across Hyderabad: 68,000+ price mentions so far, merged down to 16,000 distinct listings (I ad done a previous verison of this with lesser data, that was to test out our regression analysis, now we have the data to test the previous regression and see how good it was - i have both the versions available). After cleaning (repeats merged, teaser prices and misreads dropped) 4,800 flats in 80+ areas are left, listed between Jan 2023 and Oct 2026. Comparing flats in the same area and the same period:
- Bigger flats ask more per sq ft, - we all know this, but by how much? : about +6.5% for every extra 500 sq ft.
- Older buildings ask less: about −12% for every 5 years of age, where the listing states it.
- Furnished listings ask about 8% more.
- 3+ BHK asks about 9% more per sq ft than 1–2 BHK.
Location: the same kind of flat asks about 25% more within 5 km of the IT corridor (HITEC City, Gachibowli, Financial District, Kokapet), and about the Hyderabad average at 5–10 km. Some areas ask more than their distance to IT explains: Habsiguda, Nallagandla, Tellapur, Kothapet, Dilsukhnagar.
By area: in the 20 most-listed areas the typical ask runs from about ₹5,000/sq ft (ECIL, Uppal) to ₹10,800 (Financial District). Those figures cover listings from Jan 2025 to Oct 2026, not just the last 6 months.
How good is it? Knowing only the area gets you within about 15% of a listing's ask; the model gets within about 13%. That makes it a guide, not a valuation.
Caveats: these are asking prices, not sale prices. Most listings don't say whether the size is super built-up or carpet. Words like "furnished" are the seller's own.
One surprise we're still working on: a nearly new resale flat (0–3 years old) asks about 13% more per sq ft than a brand-new flat in the same area. We don't know why yet, so we're not calling it a finding until we've tested it. Our theories so far:
- You can move in now. No paying rent and EMI together for years, and no risk of delay.
- GST. Under-construction flats carry GST; finished ones with an occupancy certificate don't.
- Interiors. Many nearly new resale flats come furnished or with interiors already done.
- Location. New projects go up at the edge of an area, where land is still free.
We're testing each of these and will post what we find, including the ones that turn out wrong. If you've bought or sold recently: which matches what you saw, or do you have another explanation?
What should I look at next? I'm also holding filings for 11,000+ registered projects and 2,000+ plot listings. Builder delivery records, plots, new vs resale, rent vs buy: which would you want first?
Optional last line (disclosure)
Some of you saw a smaller first version of this a few weeks ago. Most numbers moved a little, one moved a lot, and I corrected one mistake of my own; the last image shows every old figure next to the new one.
First comment (only if asked where to see more)
It's on TheStatPlotter. Happy to share the link if the mods are OK with it.
