Surge in Ultra-Luxury Home Sales in South India: 811 Units Sold in FY26
₹10 Cr+ homes boom: South India records 811 ultra-luxury sales in FY26
Business Standard
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South India's housing market is witnessing a significant shift towards ultra-luxury homes, with 811 properties sold for ₹10 crore and above in FY26, totaling ₹11,246 crore. Hyderabad leads this trend, accounting for 625 units, while Bengaluru and Chennai follow with 128 and 58 sales respectively, reflecting diverse market dynamics.
- 01Hyderabad leads South India in ultra-luxury home sales, with 625 units sold worth ₹8,562 crore.
- 02Bengaluru shows strong momentum with 128 units sold, driven by tech-driven wealth and new micro-markets.
- 03Chennai's luxury market remains conservative, with 58 units sold, focusing on stability and long-term prestige.
- 04The ultra-luxury segment reflects distinct market identities across cities: scale in Hyderabad, velocity in Bengaluru, and legacy in Chennai.
- 05Kokapet in Hyderabad and Rajanukunte in Bengaluru are emerging as key micro-markets for ultra-premium developments.
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The ultra-luxury housing market in South India is thriving, with a total of 811 homes sold for ₹10 crore (approximately $1.2 million USD) and above during the fiscal year 2026, amounting to a combined value of ₹11,246 crore (roughly $1.4 billion USD). Hyderabad stands out as the dominant city, recording 625 units sold valued at ₹8,562 crore (about $1 billion USD), which constitutes nearly 77% of total ultra-luxury sales across the three major southern cities: Hyderabad, Bengaluru, and Chennai. Bengaluru follows with 128 units sold worth ₹1,957 crore (approximately $240 million USD), showcasing strong demand for premium living driven by technology and new developments. Chennai, with 58 units sold valued at ₹727 crore (around $88 million USD), maintains a more conservative approach focused on legacy and stability. Experts suggest that while Hyderabad has set a benchmark for volume, Bengaluru is poised for rapid growth, indicating a need for differentiated investment strategies across these markets.
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The surge in ultra-luxury home sales indicates a growing demand for high-end properties, impacting homebuyers and investors in South India.
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