Hyderabad's hospitality soars: Novotel HICC leads as MICE and green real estate powerhouse
Hyderabad, long celebrated as a more affordable haven among India’s major metropolitan IT hubs, is now confronting a harsh reality: even well-paid young technology professionals are feeling squeezed by sky-high real estate prices. Once an accessible springboard to homeownership, the city’s property market is challenging the aspirations of its brightest code-writers Skyrocketing Prices & a Vanishing Middle Ground Recent data reveals a sharp upward trajectory in residential property prices across Hyderabad. In the prime localities of Banjara Hills, rates have climbed approximately 8%, reaching ₹12,000–₹15,000 per square foot, while hotspots like Madhapur and Gachibowli have breached ₹8,000–₹8,250 per sq ft between January and March 2025. More broadly, over the past five years, property prices in the city have surged by nearly 43%, situating Hyderabad among India’s fastest-appreciating markets. The consequences are tangible. Once considered a middle-class-friendly city, Hyderaba...