Hyderabad’s Upgrading Middle Class to  Boost Housing Demand: Cybercity MD 

SAMUEL JOSHUA

Rising construction costs and global uncertainty may weigh on Hyderabad’s real estate market in the short term, but growing household incomes, employment opportunities and demand for independent homes are expected to support long-term growth.

“Hyderabad is actually catching up with other metros. The high-rise buildings coming up here are more than what you see in many other cities,” said Venu Vinod, Managing Director at CYBERCITY Builders & Developers Pvt. Ltd.

He added that the company is also expanding into commercial real estate with a 1.6 million sq ft Grade A office project opposite Shilparamam, planned as a campus-style technology office facility, and is also planning a residential project in Kokapet.

Middle Class is Upgrading

In the luxury housing segment, the newly launched Cybercity Trevita in Kondapur focuses on spacious living, lake views and privacy. Vinod noted that around 95% of the apartments are designed to avoid direct face-to-face views from neighbouring flats, while large balconies add to the sense of space.

The project offers a central location away from heavy traffic. The experience centre allows prospective buyers to explore the layouts, interiors and living spaces before construction is completed. Changing household structures are also creating demand for homes, with younger members of financially stronger joint families choosing to live separately.

Vinod said the trend was visible among buyers approaching the company’s residential projects. “The way Hyderabad is growing, a lot of middle-class families are getting upgraded,” he said.

Also Read: Homebuyers Opt Functional Layouts, Make Convenience Their Priority

Rising Construction Costs A Major Concern

However, rising construction costs remain a concern for developers. Vinod said international tensions and a possible diesel price increase could push prices higher, while El Niño could pose additional short-term challenges for the market.

“Construction prices are definitely going up,” he noted, adding that he remained positive about the market over the longer term as employment opportunities grow and more non-resident Indians consider returning to India. 

On its next residential development, Cybercity is still at the drawing-board stage, with Vinod indicating that the launch could take another six to nine months, depending on the project’s progress. The commercial project opposite Shilparamam is expected to take around four years to complete.

CYBERCITY Builders & Developers Pvt. Ltd already has two to three smaller commercial buildings. Hyderabad’s real estate market remains relatively affordable compared with other major cities, Vinod noted, giving it room to grow as it catches up with established property markets.

He expects infrastructure development and employment growth to further strengthen the city’s position among India’s leading real estate destinations.

Related: We Are Selling a Lifestyle, Not Just Four Walls: Srivardhan Reddy