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Hyderabad, Bengaluru and Chennai recorded combined sales of 811 ultra-luxury homes priced at INR 10 crore and above during FY26, with total transaction value reaching INR 11,246 crore, according to a report by India Sotheby’s International Realty and CRE Matrix. Hyderabad accounted for the majority of transactions, followed by Bengaluru and Chennai. The report highlights differentiated demand patterns across the three cities, with variations in pricing, unit sizes, and buyer preferences shaping the ultra-premium residential segment in southern India.
Hyderabad, Bengaluru and Chennai collectively recorded sales of 811 ultra-luxury homes, each priced at INR 10 crore and above, during the financial year FY26, with a total transaction value of INR 11,246 crore, according to a report released in the past week. Advertisement
The report, published by India Sotheby’s International Realty in collaboration with CRE Matrix, indicated that Hyderabad led the segment by a significant margin. The city recorded sales of 625 ultra-luxury units, with a cumulative value of INR 8,562 crore.
In comparison, Bengaluru registered sales of 128 units valued at INR 1,957 crore, while Chennai recorded 58 transactions with a total value of INR 727 crore during the same period.
The report also highlighted differences in space availability across the three markets. For a property priced at INR 10 crore, buyers in Hyderabad could access approximately 6,210 square feet of space, compared with around 4,290 square feet in Chennai and 3,930 square feet in Bengaluru. This variation reflects differing land costs, development densities, and market positioning across the cities.
Industry executives indicated that each city exhibits distinct characteristics within the ultra-luxury housing segment. Hyderabad’s market is driven by larger inventory and availability of expansive developments, while Bengaluru is witnessing increasing transaction activity supported by demand from high-income professionals and entrepreneurs. Chennai, meanwhile, continues to reflect a more traditional and legacy-driven luxury market.
The report noted that specific micro-markets have emerged as key hubs for ultra-premium developments. Kokapet in Hyderabad and Rajanukunte in Bengaluru were identified among the leading locations for high-end residential projects, supported by infrastructure development and availability of land parcels suitable for large-format housing.
Analysts observed that the southern India luxury housing segment is evolving with differentiated demand patterns, where pricing, space, and location play a critical role in influencing buyer decisions. The variation in ticket sizes and unit configurations across cities indicates that developers are tailoring offerings to local market dynamics.
The data suggests that while Hyderabad has established scale in ultra-luxury transactions, Bengaluru is witnessing increasing momentum, and Chennai remains relatively stable with limited but consistent activity.
The report reflects broader trends in the premium housing segment, where demand for larger homes and high-value properties continues to be driven by affluent buyers, including business owners, professionals, and investors.
The performance across the three cities indicates sustained interest in ultra-luxury housing, with regional variations shaping the trajectory of this segment in southern India.
Source - PTI
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