Hyderabad: Telangana’s real estate sector has received a major boost with Jupally Rameshwar Rao, Chairman of My Home Group, being featured among India’s leading real estate billionaires in the Forbes 2026 Billionaires List. The Hyderabad-based entrepreneur has been ranked 6th among India’s richest real estate developers, with an estimated net worth of $2.3 billion (over ₹22,000 crore).
The recognition highlights not only Rao’s business success but also Hyderabad’s emergence as one of India’s fastest-growing real estate and infrastructure destinations.
Jupally Rameshwar Rao Ranked Sixth
According to the Forbes 2026 rankings for India’s top real estate billionaires, Jupally Rameshwar Rao secured the sixth position among the country’s wealthiest property developers.
The list includes:
- Kushal Pal Singh (DLF) – $12.7 Billion
- Mangal Prabhat Lodha (Lodha Group) – $6.1 Billion
- Chandru Raheja (K Raheja Corp) – $5.3 Billion
- Vikas Oberoi (Oberoi Realty) – $4.7 Billion
- Atul Ruia (Phoenix Mills) – $2.6 Billion
- Jupally Rameshwar Rao (My Home Group) – $2.3 Billion
The ranking places Hyderabad firmly on India’s real estate wealth map alongside established property markets such as Mumbai, Delhi-NCR, and Bengaluru.
My Home Group’s Growth Journey
Founded in 1981, My Home Group has grown into one of South India’s most prominent business conglomerates.
The group has built a strong presence across multiple sectors including:
- Residential townships
- Luxury housing projects
- Commercial developments
- Cement manufacturing
- Infrastructure investments
The company’s residential and commercial projects have played a major role in shaping Hyderabad’s modern skyline, particularly in the city’s rapidly expanding western corridor.
In addition to real estate, the group operates Maha Cement, one of South India’s leading cement brands, strengthening its position across multiple industries.
Hyderabad’s Real Estate Boom Driving Wealth Creation
Industry experts attribute Rao’s rise to Hyderabad’s remarkable growth over the past decade.
The city has witnessed rapid expansion due to:
- IT and technology sector growth
- Large-scale infrastructure development
- Expansion of western Hyderabad
- Metro Rail connectivity
- Outer Ring Road (ORR)
- Upcoming Regional Ring Road (RRR)
- Growth of Global Capability Centres (GCCs)
- Rising demand for premium housing
Areas such as Kokapet, Neopolis, Financial District, Gachibowli, Nanakramguda, Narsingi, Tellapur, and Kollur have witnessed significant appreciation in land values and residential demand in recent years.
Luxury Housing Segment Remains Strong
India’s luxury housing market continues to remain resilient, with Hyderabad emerging as one of the strongest premium residential markets in the country.
Several factors have contributed to this growth:
- Competitive property prices compared to Mumbai and Bengaluru
- Large supply of premium gated communities
- Growing high-income IT workforce
- Strong investor confidence
- Improved urban infrastructure
Developers with large land banks and premium residential projects have benefited significantly from the sustained demand.
Organised Developers Gaining Market Share
The Indian real estate market has increasingly shifted towards established and organised developers.
Homebuyers today prefer projects developed by reputed brands that offer better transparency, stronger financial backing, timely delivery, and superior amenities.
This trend has helped companies such as My Home Group strengthen their market position while increasing buyer confidence in branded residential developments.
Hyderabad Emerging as a Major Wealth-Creation Hub
The inclusion of Jupally Rameshwar Rao in Forbes’ billionaire rankings is also seen as a reflection of Hyderabad’s growing economic significance.
The city continues to attract investments across sectors such as:
- Information Technology
- Pharmaceuticals
- Data Centres
- Logistics
- Manufacturing
- Real Estate
- Infrastructure
Several large-scale projects including Future City, Hyderabad Pharma City, industrial corridors, logistics hubs, and major transportation infrastructure are expected to further strengthen Hyderabad’s position as a leading investment destination.
Looking Ahead
As Hyderabad continues to expand and attract investments, industry analysts believe the city’s real estate sector will remain a major contributor to wealth creation, employment generation, and economic growth.
Jupally Rameshwar Rao’s inclusion among India’s top real estate billionaires highlights the growing national importance of Hyderabad’s property market and the role local developers are playing in shaping the city’s future.
