HDFC Bank Invests ₹300 Crore in Hyderabad's Ultra-Luxury Housing Project
HDFC Bank backs Hyderabad luxury housing project with Rs 300 crore
Image: The Economic Times
HDFC Bank has invested ₹300 crore (approximately $36 million USD) to support the construction of a luxury residential project in Kokapet, Hyderabad, which has a gross development value of ₹2,000 crore (around $240 million USD). This investment reflects a growing trend among developers seeking structured financing amid a slowdown in housing sales and increasing demand for premium homes.
- 01The residential project in Kokapet is being developed by DE Blue Oak and P Mangatram.
- 02Hyderabad's luxury housing market has seen a transaction value increase from ₹2,447 crore to ₹8,562 crore over four years.
- 0357% of sales in Hyderabad were for apartments larger than 8,000 sq ft, indicating a preference for larger living spaces.
- 04Financial institutions are increasingly funding projects in micro-markets like Kokapet due to strong infrastructure growth.
- 05Buyers investing ₹10 crore can acquire about 6,210 sq ft of space in Hyderabad, significantly more than in Bengaluru and Chennai.
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HDFC Bank has committed ₹300 crore (approximately $36 million USD) to finance an ultra-luxury residential project in Kokapet, Hyderabad, which boasts a gross development value of ₹2,000 crore (around $240 million USD). This funding is part of a broader trend where developers are turning to structured financing amid a slowdown in housing sales but a rising demand for premium homes. The project is being developed by DE Blue Oak and P Mangatram. According to industry experts, the residential real estate sector is witnessing renewed funding activity, especially for projects located in strong markets with credible developers. Hyderabad has emerged as a leading hub for ultra-luxury housing in southern India, with transactions in this segment reaching ₹8,562 crore in FY26, a significant increase from ₹2,447 crore four years prior. Notably, 57% of sales in the city were for larger apartments, reflecting a growing preference for spacious living. Buyers investing ₹10 crore in Hyderabad can expect to acquire 6,210 sq ft of space, which is considerably more than in other major cities like Bengaluru and Chennai.
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This investment is likely to enhance the luxury housing market in Hyderabad, providing more options for affluent buyers and potentially boosting local employment in construction and related sectors.
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