Bengaluru's Luxury Residential Market Hits ₹1,000 Crore Milestone in FY25

Bengaluru's luxury residential market set a record high milestone with the sales of properties valued at ₹10 crore and higher touching ₹1,000 crore in FY25. This is a 59% increase from the last fiscal year due to strong demand from CXOs, startup founders, HNIs, and globally mobile Indians. Here is a detailed snapshot:

 

Key Highlights

Sales Growth:

 

The luxury residential market witnessed a 59% rise in sales, with 78 units sold during FY25 versus 51 units during FY.

 

The ₹10–₹12 crore segment witnessed the maximum sales, indicating high demand for high-end properties.

 

Buyer Profile:

 

Purchasers are CXOs, startup entrepreneurs, ESOP-laden professionals, and NRIs looking for aspirational living and strategic investments.

 

Several buyers are buying luxury homes not only to live but as a strategic investment.

 

Key Locations:

 

Hebbal was the top locality, representing 22% of total sales value and 19% of total units sold.

 

Other locations are Varthur, Gunjur, Domlur, and Bommanahalli, fueled by connectivity to IT centers.

 

Driving Drivers:

 

Better infrastructure, metro rail expansion, and Bengaluru's strong corporate presence have pushed the demand for luxury residences.

 

High rental returns and lifestyle expectations are positioning Bengaluru as a high-priority destination for prime housing.

 

Market Outlook:

 

Real estate analysts forecast consistent and sustainable appreciation in prices as the market matures.

 

The development of new micro-markets reflects the changing dynamics of Bengaluru's luxury housing market.

 

This milestone reflects Bengaluru's increasing significance in India's luxury real estate market, fueled by economic growth and lifestyle aspirations.

 

Sources: Business Standard, MSN