Hyderabad’s Neopolis in Kokapet may have gained national attention after a series of high-value land auctions, but developers working within the zone are confronting a far less glamorous situation.
Despite the area’s reputation as a premium real-estate hub, demand has not kept pace with the volume of new launches.
Industry estimates suggest that nearly 40 percent of the 10,000 homes introduced in the past few years remain unsold, reflecting a clear mismatch between supply and buyer appetite.
The struggle is particularly evident in ultra-large units. Flats above 4,500 square feet are finding the fewest takers, with some projects even offering homes as large as 7,000 square feet.
Market observers warn that the situation could worsen soon.
With new auctions concluded and more project announcements underway, another 4,000 units are likely to enter the market, adding more pressure to an already slow landscape and reducing sales momentum further.
In response to the mounting inventory, some developers have already begun cutting prices drastically.
Flats once quoted at around 12,000 per square foot are now being offered at nearly half that rate.
These aggressive measures highlight the urgency developers feel as they grapple with sluggish demand and an oversupplied luxury segment in one of Hyderabad’s most talked-about real-estate zones.
