Telangana’s construction sector is on a roll! The industry recorded 11.97% growth in FY 2024–25, contributing over Rs 80,000 crore to the state’s economy, according to IT and Industries Minister D Sridhar Babu.
Speaking at the 15th National Real Estate Development Council (NAREDCO) Telangana Property Show at Hitex on Sunday, the Minister highlighted that the real estate and professional services sector together grew 15.4%, highlighting the sector’s role in Telangana’s strong services Gross State Domestic Product (GSDP).
“Together, real estate and construction make up 24.9% of the state’s services GSDP. The construction sector alone contributed more than Rs 80,000 crore to the state economy,” said Sridhar Babu.
Hyderabad, Rangareddy, and Medchal–Malkajgiri districts saw a sharp spike in housing registrations in September 2024, with 6,612 units worth Rs 4,804 crore registered — up 35% in volume and 70% in transaction value compared to September 2023. High-value properties (above Rs 1 crore) jumped 151%, making up 53% of total transaction value.
“These numbers are real proof against claims that Telangana’s real estate sector is slowing down,” the Minister added.
Sridhar Babu also emphasized the employment impact, noting that real estate is India’s second-largest job generator after agriculture, and highlighted the need to increase its GDP share closer to global benchmarks.
Looking ahead, the state is set to reshape its urban landscape with projects like Elevated Corridors, Metro Rail Phase-II, Bharat Future City, Musi Riverfront Beautification, and the Regional Ring Road. By December, zonal planning for Bharat Future City will be complete, and a groundbreaking for the 200-acre AI City will happen within two to three months.
“The State Government will continue to support the real estate and construction sectors, which remain key pillars of Telangana’s economic growth,” Sridhar Babu assured.
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