Bhangilore anon here. Although I agree with most of what you said, I think it'll take some more time for the city to become a truly cyberpunk dystopia like in the movies, simply because most of the population even here isn't even on the low end of what is considered to be the proletariat's lifestyle in cyberpunk; essentially still living in almost feudal poverty.
However, out of all Indian cities I've lived in or been to, this city still comparitively has the the most visible/largest middle class. But since the infrastructure of the city is at least a decade or two behind the wage growth of this big middle class, real estate/rental prices have become an enormous pain in the ass. I currently pay 16 grand a month to live in a single room in a congested, polluted part of town.
Considering that at least with Mumbai their metro project is making some steady progress, I would imagine that this city may become the poster image of a hellish real estate market in the near future.