Hyderabad Outpaces Bengaluru and Chennai in ₹10 Crore-Plus Residential Sales
Hyderabad has firmly established itself as the undisputed leader in South India’s ultra-luxury residential market. For the financial year 2026 (FY26), the city recorded the highest sales of homes priced above ₹10 crore, generating a massive ₹8,562 crore in transaction value.
According to a joint report released on May 5 by India Sotheby’s International Realty and CRE Matrix, the top three southern cities—Hyderabad, Bengaluru, and Chennai—collectively witnessed the sale of 811 ultra-luxury units worth ₹11,246 crore. Hyderabad commanded the lion’s share of this market, recording the sale of 625 units. In comparison, Bengaluru saw 128 units sold for ₹1,957 crore, while Chennai registered 58 unit sales amounting to ₹727 crore.
The growth trajectory for Real Estate Hyderabad has been steep. The city's luxury sales value has more than tripled from ₹2,447 crore just four years ago.
The report highlighted a strong preference for expansive living spaces among Hyderabad’s elite buyers. Over half of the ₹10 crore plus apartments sold in the city exceeded 8,000 square feet in area. Furthermore, villas and row houses contributed to 40 percent of the overall transaction value, with Kokapet emerging as the primary hotspot for high-end property investments.
While Hyderabad dominated overall volumes, Bengaluru registered the highest percentage growth in unit sales. The IT capital saw a 52 percent year-on-year increase, jumping from 84 units in the previous financial year to 128 units in FY26. Meanwhile, Chennai’s market remained stable, with traditional premium neighborhoods such as Abhiramapuram and Alwarpet continuing to sustain steady demand.
A critical factor driving Hyderabad's supremacy is the superior value for money it offers investors. A ₹10 crore investment in Hyderabad fetches an average of 6,200 square feet of space. In contrast, the same budget yields approximately 3,900 square feet in Bengaluru and 4,300 square feet in Chennai. This indicates that buyers in Hyderabad acquire nearly 60 percent more space compared to those in Bengaluru.
Industry experts note that this compelling value proposition, combined with the availability of larger homes, shifting buyer preferences, and robust economic activity, has propelled the city's real estate sector. Consequently, Hyderabad now accounts for a significant 12.4 percent share of luxury home sales across India’s top eight cities.