INSIDE HYDERABAD 500075: INDIA'S PROPERTY HOTSPOT

The pincode had the highest residential sales by value in the country in 2025. Here's why.

- Madhurima Nandy

Clockwise from left: Neopolis, in west Hyderabad’s Kokapet, is an upcoming 530-acre mixed-use layout that has caught the attention of developers across India, under construction towers of My Home Groups office and residential project in Neopolis, the Brigade Gateway project construction site at Neopolis. The project will have residences, a shopping mall, a hotel and a World Trade Centre.

(MADHUMA NANDY)

Giant mounds of broken black stones and rocks, typical of the Deccan Plateau region, lie by the side of the eight-lane Nehru Outer Ring Road in Hyderabad.

The tips of tall towers that are being built and yellow construction cranes are visible from afar. Overlooking the Osman Sagar lake on one side, Neopolis in west Hyderabad, spread across over 530 acres, looks like a new city being built from scratch. Indeed, Neopolis means ‘new city’ in Greek.

Property agents are marketing it as Hyderabad’s own Manhattan. What was just empty land on slightly hilly terrain with no signs of development till a few years ago is now a site of frenzied real estate activity: branded residences, premium offices, hotels, high-end homes, and a World Trade Centre. Top Hyderabad developers such as MyHome Group as well as some of India’s biggest property firms including Godrej Properties Ltd are either building projects or buying land in the area.

The Telangana government's vision is to develop the Neopolis layout as a mixed-use district, with unlimited FSI or floor space index, meaning there is no vertical limit. That perhaps inspired the tagline ‘Time to go beyond the skies’ on the government website.

“People often cite Bandra Kurla Complex (in Mumbai) as an example of a rapidly developing mixed-use hub. We believe Neopolis will outperform BKC,” said Jayesh Ranjan, special secretary for Hyderabad Metropolitan Area.