Hyderabad has emerged as South India’s leading ultra-luxury housing market, overtaking Bengaluru in sales of homes priced above ₹10 crore, as wealthy buyers increasingly seek larger residences and premium gated communities.
According to a joint report by India Sotheby’s International Realty and CRE Matrix, Hyderabad recorded ₹8,562 crore worth of ultra-luxury home sales in FY26, more than four times Bengaluru’s ₹1,957 crore.
The report said Hyderabad sold 625 homes priced above ₹10 crore during the year, driven by strong demand from entrepreneurs, technology executives, non-resident Indians and high-net-worth individuals.
Analysts say the city’s growing appeal lies in its “space arbitrage” advantage. Buyers spending ₹10 crore in Hyderabad receive roughly 6,210 square feet of space, compared with around 3,930 square feet in Bengaluru.
The trend reflects a broader shift in India’s housing market, where demand for premium and ultra-luxury homes continues to outpace affordable housing. Developers are increasingly focusing on high-end residential projects amid rising land and construction costs, while affluent buyers continue to invest in larger homes offering lifestyle amenities and long-term appreciation potential.
Industry experts also point to Hyderabad’s expanding infrastructure, thriving technology ecosystem and relatively lower property prices compared with Mumbai and Bengaluru as key growth drivers. Areas such as Gachibowli, Raidurg and Kokapet have emerged as major hubs for luxury residential development.
While Bengaluru recorded the fastest growth in luxury housing demand during FY26, Hyderabad’s dominance in transaction value underlines the growing competition among India’s emerging high-end property markets
