Kokapet's Neopolis micro-market, already one of Hyderabad's most talked-about residential addresses, is bracing for another wave of demand. My Home Group, the city's largest private developer, has drawn up plans for a massive commercial project on land adjoining Neopolis. According to reports, My Home Constructions has set up plans for a 30-35 million square feet project for Kokapet that will cost about $2 billion, positioning it as the country's largest private IT park development.
The scale of the project is unlike anything Hyderabad has seen from a private developer. The commercial project will be spread over roughly 80 acres and will combine SEZ and non-SEZ office space with MICE facilities, hotels, retail and entertainment components, all developed over an 8-10 year period, with the first phase bringing 4-8 million square feet online early on. Industry commentary has drawn comparisons to Gurugram's Cyber Hub, with the developer engaging architects from Singapore, Hong Kong and South Korea to design a premium business district rather than a conventional office park.
Work is already visible on the ground. Under the My Home Life Hub banner, construction is actively progressing at the Neopolis site, with the developer having initiated Phase 1A covering towers T10 and T20, using precast construction technology for faster build timelines. The leasable office space in this first phase alone is approximately 4.2 million square feet, aimed squarely at IT companies, MNCs, co-working operators and corporate headquarters looking for space in the Financial District corridor.
For homebuyers, the ripple effects of a project this size are hard to ignore. Neopolis itself is a 530-acre layout planned by the Hyderabad Metropolitan Development Authority (HMDA), purpose-built for high-rise residential living alongside supporting commercial infrastructure. Land auctions in the belt have already made headlines - rates that stood at roughly ₹14 crore per acre in 2007 crossed ₹60 crore per acre by 2021, with some later parcels going past ₹100 crore per acre. Apartment prices have followed a similar curve, with rates in Neopolis moving from single-digit thousands per square foot just a few years ago to a range of roughly ₹9,000 to ₹15,000 per sq ft today, depending on the developer, tower height and amenities on offer.
A private tech park of this magnitude, once operational, is expected to bring tens of thousands of jobs directly to Neopolis's doorstep - a dynamic that has historically pushed up both rental yields and capital values in Hyderabad's IT-adjacent residential belts like Gachibowli and HITEC City. Brokers and analysts tracking the corridor note that limited residential inventory, combined with growing employment density, is the core reason Kokapet has commanded some of the steepest price appreciation in South India's real estate market over the past five years.
Brigade Group has already staked its claim in this very neighbourhood with Brigade Gateway at Neopolis, a 9.7-acre integrated development combining residences, retail and commercial space just off the Outer Ring Road. The project's twin towers, rising 57 floors each, are designed to offer 594 apartments across 3, 4, 5 and 6 BHK configurations, with sizes ranging from 3,065 sq ft to 9,860 sq ft. As My Home's IT park adds fresh employment density to the immediate vicinity, projects like Brigade Gateway that combine homes with walk-to-work convenience stand to benefit from the resulting demand.
For buyers evaluating Neopolis today, the message from this development is straightforward: the area's transformation from a residential extension of the Financial District into a self-contained live-work district is accelerating. Anyone considering a home here would do well to factor in both the construction timelines of large commercial projects and their own budget against a market that is unlikely to soften in the near term.
