Real Estate Rs 2 5 Cr Apartment Given At Rs 1 75 Cr

After years of rapid growth, Hyderabad’s residential property market is witnessing a noticeable correction, particularly in the apartment segment.

Industry sources say prices of high-rise apartments and smaller gated community projects have fallen across several parts of the city, especially in western Hyderabad, while villa and land prices have largely remained stable.

According to market insiders, the key to securing a good deal in the current market is aggressive negotiation.

“Heavy negotiations are helping buyers close deals at significantly lower prices than the quoted rates,” said a real estate consultant familiar with ongoing transactions.

In some cases, the discounts have been substantial.

“A premium ready-to-occupy apartment from a reputed builder in West Hyderabad was originally quoted at Rs 2.5 crore but was sold for Rs 1.75 crore after the buyer negotiated and closed the deal immediately,” an industry insider revealed.

Property observers say apartment prices in areas such as Kondapur have declined by nearly 20 to 30 per cent compared to peak levels seen in 2024.

“Many builders initially hesitate when buyers make lower offers, but they are increasingly willing to close deals rather than lose serious customers,” said another market source.

The correction is being attributed largely to rising inventory levels. Large numbers of unsold apartments are available on both sides of the Outer Ring Road in western Hyderabad, giving buyers greater bargaining power than they had a year or two ago.

“Buyers should not hesitate to quote the price they are comfortable with if they are ready to complete the transaction quickly,” said a property advisor.

While apartment prices are softening, villas continue to attract interest.

“Villas located on the outskirts are emerging as a preferred option for families seeking peaceful, traffic-free living environments,” noted a real estate analyst.

“Living in high rise will be fine for temporary luxury stay. But it’s boring for long term living. We are relocating to a villa amidst woods in South Hyderabad”, said Ravi Kanth K, who is into share market business.

Market participants believe the coming months may continue to favour buyers, particularly in the apartment segment where inventory remains high.