Hyderabad, May 1 -- The luxury housing segment in Hyderabad has experienced a significant surge, claiming the third spot nationwide with nearly 10% of the country's luxury housing inventory.

According to a real estate report, the city has witnessed a boom in luxury apartment sales, particularly in upscale areas like Jubilee Hills, Banjara Hills, HITEC City, Raidurg, and Neopolis, where average prices range from Rs 20 crore to over Rs 40 crore.

In the first quarter of 2024, Mumbai led the surge in luxury housing sales, with a 15% year-on-year increase, followed by Delhi-NCR, Hyderabad, and Pune. Hyderabad and Pune experienced remarkable sales growth, more than doubling and increasing by 4.7 times year-on-year, respectively.

CBRE's India...