There is a pattern in how India’s luxury market gets read from the outside. The conversation begins with Mumbai. It acknowledges Delhi. It eventually mentions Bengaluru as the next frontier. Hyderabad appears late in the list, if at all. The data disagrees. The city of Hyderabad, juxtaposed with the mighty Golconda Fort Hyderabad is the largest ultra-luxury residential market in South India by value. And the fastest growing luxury residential market in the nation.