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Bengaluru's residential real estate market soars as prices shoot up by 32% year on year
Bengaluru's real estate rose 32% to INR 7,800/sq. ft. by H1 2024, driven by premium launches (32,500 units). Post-COVID-19 demand and reduced inventory overhang (8 months) boost the market. Challenges like traffic congestion persist despite ambitious infrastructure projects. The ANAROCK report expects residential launches and sales in Bengaluru to rise by 10-15% by the end of 2024 compared to 2023.
Bengaluru's real estate rose 32% to INR 7,800/sq. ft. by H1 2024, driven by premium launches (32,500 units). Post-COVID-19 demand and reduced inventory overhang (8 months) boost the market. Challenges like traffic congestion persist despite ambitious infrastructure projects. The ANAROCK report expects residential launches and sales in Bengaluru to rise by 10-15% by the end of 2024 compared to 2023.
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