Hyderabad recorded transactions totaling ₹8,562 crore for homes priced above ₹10 crore in FY26, establishing itself as the leading 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. However, Bengaluru exhibited the fastest growth in this sector, with unit sales increasing by 52% year-on-year, rising to 128 units in FY26 from 84 units in the previous financial year. The total transaction value in Bengaluru reached ₹1,957 crore during this period.
The report indicated that Hyderabad’s luxury housing market has grown considerably over the last four years, with transaction values escalating from ₹2,447 crore to ₹8,562 crore. A substantial portion of demand in the city is focused on spacious developments, with more than half of the transactions involving apartments larger than 8,000 sq ft. Villas and row houses represented approximately 40% of the total transaction value.
In Bengaluru, growth has been fueled by emerging micro-markets, especially in the north-west corridor, where transaction values have surged over the past year, suggesting an expansion of luxury housing beyond traditional prime areas. 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 pointed out variations in space availability across different cities. For an investment of ₹10 crore, buyers in Hyderabad can acquire 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.
