NEW DELHI: HDFC Bank has allocated Rs 300 crore towards an ultra-luxury residential project in Kokapet, Hyderabad, as developers seek structured financing in response to a cooling housing market and an increasing demand for high-end homes.
This investment will facilitate the completion of the project, which has a gross development value of Rs 2,000 crore and is being developed by DE Blue Oak and P Mangatram.
Transaction advisor CBRE has opted not to comment.
Recently, there has been a surge in funding within the residential real estate sector as developers look for credit options amid a dip in sales.
“There is renewed momentum in funding for residential properties, particularly in prime locations backed by reliable developers,” stated Pankaj Galav, co-founder of AARE Consulting. “While the pace of sales has decreased compared to the peaks of the past two years, developers are securing structured financing to ensure rapid project delivery and maintain buyer trust.”
In a related instance, ASK Curated Luxury Asset Fund I, a luxury-focused real estate investment platform co-sponsored by India Sotheby’s International Realty and ASK Property Fund, has invested Rs 63 crore alongside Goa-based Priority Group for Ananda Nilaya, a high-end villa project in Arpora, North Goa.
“Financial institutions are comfortable funding projects in micro-markets like Kokapet due to its robust infrastructure, luxury positioning, and sustained buyer interest. Projects backed by established developers within emerging areas provide better transparency regarding sales, cash flow, and potential asset appreciation,” Galav added.
Additionally, real estate investment firm WSB Partners has invested Rs 75 crore in Omaxe Group for residential plotted developments in Ujjain and Indore.
Hyderabad has solidified its position as the leading market for ultra-luxury residential properties in southern India, recording transactions amounting to Rs 8,562 crore for homes priced at Rs 10 crore and above during FY26.
According to research from India Sotheby’s International Realty and CRE Matrix, the luxury housing sector in Hyderabad has grown 3.5 times over four years, with transaction values increasing from Rs 2,447 crore to Rs 8,562 crore, driven by demand for larger apartments.
Nearly 57% of home sales in Hyderabad were for apartments exceeding 8,000 sq ft, while villas and row houses accounted for 40% of the total transaction value in FY26.
With an investment of Rs 10 crore, buyers in Hyderabad can secure approximately 6,210 sq ft of space—around 60% more than Bengaluru’s 3,930 sq ft and significantly higher than Chennai’s 4,290 sq ft.
