Hyderabad’s super-rich chase Rs 10 Cr homes, buy over 2,000 units in 4 years | Hyderabad News

Hyderabad: The trend of Hyderabad’s wealthy homebuyers eyeing sprawling properties continues, with latest data indicating an uptick in sales of large-format five- and six-bedroom residences and expansive villas, priced at Rs 10 crore and above. According to data available with CREDAI, more than 2,000 homes in this price range have been sold in Hyderabad over the last four years.This buying pattern, which gathered momentum post-Covid, saw sales rise from 184 units in 2021 to 570 units in 2025.Various market reports also show that Hyderabad has emerged as South India’s ultra-luxury hub. The city recorded 625 sales of homes priced at Rs 10 crore and above in FY26 — way ahead of Bengaluru, which recorded 125 Rs 10-crore-plus sales, and Chennai, with 58 sales in FY26, as per a report by CRE Matrix & India Sotheby’s International Realty. The value of these transactions in Hyderabad collectively stood at Rs 8,562 crore.Kokapet emerges as ultra-luxury hotspotMuch of this high-end housing activity is concentrated in western and south-western corridors, with Kokapet, Nanakramguda and Manchirevula emerging as prominent ultra-luxury destinations. Developers also point to Tellapur, Gandipet and Narsingi as important luxury housing markets. Kokapet alone recorded 111 Rs 10-crore-plus sales worth Rs 1,298 crore in FY26. Nanakramguda followed with 81 units worth Rs 973 crore, while Manchirevula recorded 67 units valued at Rs 1,111 crore.According to industry players, Hyderabad’s ultra-luxury market continues to attract a significant pool of affluent local buyers, including established business families and highly successful professionals from sectors such as medicine and entertainment. Buyers at the top end are looking for space, privacy, views and resort-like amenities, prompting developers to move beyond conventional luxury apartments, they said.“Many buyers who have traditionally lived in Jubilee Hills and Banjara Hills are looking towards newer homes and greater privacy. Some are also buying second homes for their children. Top business families are in fact willing to spend Rs 20 crore to Rs 30 crore for large-format luxury residences that offer exclusivity, expansive living spaces and premium amenities,” said GV Rao, president, Telangana Developers Association.Rs 10 crore buys more space in HyderabadOne of Hyderabad’s biggest advantages in the luxury segment is the amount of space available at a Rs 10-crore ticket size. These apartments in Hyderabad averages around 6,210 sq ft of built-up area, compared with 4,290 sq ft in Chennai and 3,930 sq ft in Bengaluru.The CRE Matrix report also shows that 55% of Hyderabad’s luxury apartment sales comprise homes with more than 8,000 sq ft of area. The trend is also spilling into the villa segment. Row houses and villas accounted for about 40% of FY26 luxury sales.Dedicated ultra-luxury towers enter the marketThe market is also witnessing a change in the way developers are designing projects. Apart from conventional luxury villas, developers are planning dedicated luxury and ultra-luxury towers in gated-community projects, with very large floor plates and only a handful of units on each floor.“In some of the city’s prime locations in the western corridor, developers are offering residences with areas running into 8,000-15,000 sq ft, with just two to four apartments on a floor. These projects are placing greater emphasis on air-conditioning, views, ambience, privacy and high-end amenities rather than simply maximising the number of units,” said N Jaideep Reddy, president, CREDAI Hyderabad.