Summary:

Bengaluru's luxury property market hit a milestone in FY25, with sales of residences priced at Rs. 10 crore (US$ 11.82 million) and above totaling Rs. 1,000 crore (US$ 118.20 million), a 59% rise from the previous year. A total of 78 luxury residences were sold, up from 51 the previous year. The largest sales were in the Rs. 10-12 crore category, driven by demand from CXOs, HNIs, and startup founders investing in both lifestyle and assets.

Hebbal led Bengaluru's luxury property boom, contributing 22% of the overall sales value and 19% of unit sales in FY25. Developers attribute the surge to improved infrastructure, metro development, and the city's growing business presence. Locations like Varthur and Gunjur are gaining recognition as emerging tech hubs. Experts also note that strong rental returns, IT expansion, and lifestyle aspirations are boosting demand for premium properties in Bengaluru.

Source: IBEF

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