Bengaluru Luxury Home Sales Above Rs 10 Billion in FY25: Report
Real Estate

Bengaluru Luxury Home Sales Above Rs 10 Billion in FY25: Report

For the first time, luxury homes priced at Rs 100 Mn and above in Bengaluru crossed Rs 10 Bn in annual sales during FY 2024–25, according to a joint report by India Sotheby’s International Realty and real estate analytics firm CRE Matrix.

The city accounted for forty-two per cent of India’s luxury home sales in this price segment over the past four years, with FY25 contributing the most. The trend is attributed to a booming tech sector, improved infrastructure, and growing aspirations of urban buyers. Hebbal led the ultra-luxury category with twenty-two per cent of total sales value. Other emerging hotspots include Domlur, Sudhamnagar and Bomanhalli, signalling a shift from traditional enclaves to new micro-markets.

Buyers are increasingly drawn to large apartments between five thousand and seven thousand square feet. The report highlights that startup founders, CXOs, and global Indians are actively investing in such properties for their exclusivity and lifestyle value.

Industry leaders say this shift reflects a broader trend of strategic asset allocation. However, they stress that the city’s infrastructure must evolve to support the growing demand in new luxury corridors.

Source: Hindustan Times

For the first time, luxury homes priced at Rs 100 Mn and above in Bengaluru crossed Rs 10 Bn in annual sales during FY 2024–25, according to a joint report by India Sotheby’s International Realty and real estate analytics firm CRE Matrix. The city accounted for forty-two per cent of India’s luxury home sales in this price segment over the past four years, with FY25 contributing the most. The trend is attributed to a booming tech sector, improved infrastructure, and growing aspirations of urban buyers. Hebbal led the ultra-luxury category with twenty-two per cent of total sales value. Other emerging hotspots include Domlur, Sudhamnagar and Bomanhalli, signalling a shift from traditional enclaves to new micro-markets. Buyers are increasingly drawn to large apartments between five thousand and seven thousand square feet. The report highlights that startup founders, CXOs, and global Indians are actively investing in such properties for their exclusivity and lifestyle value. Industry leaders say this shift reflects a broader trend of strategic asset allocation. However, they stress that the city’s infrastructure must evolve to support the growing demand in new luxury corridors. Source: Hindustan Times

Next Story
Infrastructure Transport

MMRDA Removes 1.14 lakh m of Metro Barricades

In a bid to ease congestion and improve urban mobility during monsoon, MMRDA has undertaken one of the largest coordinated barricade removal and monsoon preparedness drives across its ongoing metro and infrastructure projects.With substantial progress achieved in viaduct and structural works across multiple metro corridors, barricades from completed stretches beneath metro viaducts are being systematically removed, restoring maximum possible road space before the monsoon. Wider carriageways across key arterial roads are expected to improve traffic flow, reduce congestion, support better rainwa..

Next Story
Infrastructure Transport

Pune Division to Remove All Diamond Crossings by Year-End

The Pune railway division has announced plans to remove all 16 diamond crossings by the end of 2026 as part of a major yard remodelling project following the derailment of a Vande Bharat Express at Pune Junction on April 27. Railway authorities said the replacements aim to improve safety and streamline train operations across the busy station. The decision followed a Central Railway finding that the accident involved a non-standard diamond crossing and highlighted the need for replacement. Regular maintenance of existing crossings will continue until the replacement work is completed. Official..

Next Story
Infrastructure Urban

Goa Declares 80 Million Square Metres No Development Zone

The Goa state government has declared 80 million square metres (mn) of land a no development zone, designating the area as protected from new construction. The notification reclassifies tracts across the state under a no development category for planning and regulatory purposes. The declaration signals a formal halt to new building permits within the defined zone. Authorities indicated that maps will be issued to show broad boundaries while detailed surveys will refine precise limits. The move transfers responsibility for enforcement to local planning authorities and relevant departments, whic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->