NEW DELHI: In fiscal year 2026, Hyderabad recorded transactions totaling ₹8,562 crore for homes priced over ₹10 crore, establishing itself as the largest market for ultra-luxury housing in South India, as per a report by India Sotheby’s International Realty and CRE Matrix.
The city surpassed Bengaluru significantly in terms of sales value. Bengaluru, however, achieved the fastest growth in this segment, with unit sales increasing by 52% year-on-year, rising from 84 units in the previous fiscal year to 128 units in FY26. The total transaction value in Bengaluru for this period reached ₹1,957 crore.
The report noted considerable growth in Hyderabad’s luxury housing market over the past four years, with transaction values escalating from ₹2,447 crore to ₹8,562 crore. A significant portion of demand in the city is focused on spacious developments, where over half of the transactions involved apartments exceeding 8,000 sq ft. Villas and row houses made up about 40% of the total transaction value.
In Bengaluru, the growth has been largely attributed to emerging micro-markets, particularly in the north-west corridor, where transaction values have surged in the last year, reflecting the expansion of luxury housing beyond traditional prime locations.
Chennai, in contrast, remains a smaller market, recording ₹727 crore in ultra-luxury housing sales during FY26. Demand in Chennai continues to be concentrated in well-established central areas, such as Abhiramapuram and Alwarpet.
The report also outlined the differences in space availability across cities. For a ₹10 crore investment, buyers in Hyderabad can obtain significantly larger homes, averaging around 6,200 sq ft, compared to approximately 3,900 sq ft in Bengaluru and about 4,300 sq ft in Chennai.
