Summary:

Bengaluru's luxury apartment market, which includes units valued over Rs. 10 crore (US$ 1.17 million), reached Rs. 1,000 crore (US$ 117.05 million) in annual sales for the first time. Notably, 42% of sales over the previous four years occurred in FY25. The increased demand for ultrapremium, large apartments reflects the growing preference for luxury living.

Bengaluru's luxury housing market has entered a new phase, fueled by high-net-worth individuals, including CXOs and startup founders, seeking aspirational lifestyles and strategic investments. Hebbal topped sales, accounting for 22% of the total value, while other hotspots such as Domlur, Sudhamnagar, and Bomanhalli also saw growth. Mr. Abhishek Gupta of CRE Matrix highlighted emerging micro-markets, while Mr. Ashwin Chadha emphasized the importance of infrastructure in supporting future growth and price appreciation.

Source: IBEF

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