Hyderabad, July 15 -- Residential property registrations in Hyderabad fell 13 per cent year-on-year in June to 5,560 units, as a surge of bookings ahead of a revision in guidance values moderated after being pulled forward to May, according to Knight Frank India.

The value of homes registered during the month stood at Rs 4,148 crore, down 10 per cent year-on-year (YoY) and 30 per cent from May, the property consultancy said in a report released on Wednesday, July 15. The decline followed unusually high registrations in May, as buyers rushed to close deals before the revised guidance values kicked in from June 5.

For the January-June period, however, Hyderabad's residential market held firm, with registrations rising 5 per cent YoY to 37...