Bengaluru, India – Bengaluru has solidified its position as India's largest real estate market, with an impressive 18,550 residential units sold in the last financial quarter, according to a report by the Real Estate Intelligence Service (REIS) of JLL Research. This milestone highlights the city's growing appeal and robust demand in the real estate sector.
The report also noted a significant increase in new launches, which surged by nearly 45% to reach 16,537 units. This growth in new residential projects is a clear indicator of the market's vibrancy and developers' confidence in Bengaluru's real estate prospects.
The upper-mid segment apartments, priced between ₹1 crore and ₹3 crore, dominated the market, holding a substantial 62% share of the total sales in the last quarter. This trend reflects the growing demand for premium housing options among the city's affluent and upwardly mobile population.
Several factors contribute to Bengaluru's dominance in the residential market. The city is a major hub for technology and innovation, attracting a steady influx of professionals and entrepreneurs. Additionally, its well-developed infrastructure, educational institutions, and quality of life make it a preferred destination for homebuyers.
"Bengaluru's real estate market continues to thrive, driven by strong demand across various segments. The city's robust economic fundamentals and its status as a technology hub are key drivers of this growth," said an expert from JLL Research. "The increase in new launches and the dominance of the upper-mid segment are clear indicators of the market's health and resilience."
The positive trends in Bengaluru's residential market are expected to continue in the coming quarters. With ongoing infrastructure projects, increased investment, and a growing population, the city is poised to maintain its leading position in India's real estate landscape.
Bengaluru's real estate market has achieved a remarkable feat with 18,550 units sold in the last quarter, reaffirming its status as the largest residential market in India. The surge in new launches and the dominance of upper-mid segment apartments highlight the city's strong demand and promising future. As Bengaluru continues to grow and evolve, it remains a beacon of opportunity for homebuyers and investors alike.
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