BM Property: Rise in high-priced properties in Bengaluru

Amid growing demand for luxury homes following the pandemic, Bengaluru has witnessed a significant increase in both new launches and sales of higher-priced properties. According to the latest data from ANAROCK, the average ticket size of homes sold in Bengaluru has surged from INR 84 lakh in H1 FY 2024 to INR 1.21 crore in H1 FY 2025, marking an impressive 44% year-on-year growth. This jump is part of a broader trend seen across the top seven cities in India, where the average ticket size rose from INR 1 crore in H1 FY 2024 to INR 1.23 crore in H1 FY 2025.

Between April and September 2024, Bengaluru saw approximately 31,381 units sold, valued at INR 37,863 crore. This is nearly the same number of units sold as in the previous year (31,440 units), but the total sales value was significantly higher, reflecting the rise in property prices. The data highlights that Bengaluru is second only to NCR in terms of the percentage growth in average ticket size among the top seven cities, driven by a surge in demand for luxury and high-end residential properties.

In comparison to other cities, Bengaluru’s growth mirrors trends seen in Hyderabad and Chennai. Hyderabad, for instance, saw a 37% increase in average ticket size, reaching INR 1.15 crore in H1 FY 2025, while Chennai experienced a 31% rise, with average ticket sizes climbing to INR 95 lakh. However, Bengaluru stands out not only for the substantial rise in its average ticket size but also for its consistent sales volume, maintaining a steady number of transactions while seeing a marked increase in the total value of sales.

This surge in luxury home demand also reflects the changing dynamics of the real estate market in Bengaluru. The city continues to be a major player in India’s real estate growth story, benefiting from its status as a hub for IT and innovation. The growth in Bengaluru’s luxury real estate market aligns with broader national trends, where total sales volume across the top cities reached approximately 2,27,400 units, valued at INR 2.79 lakh crore, despite a slight 3% drop in unit sales compared to the previous year.

With a rising number of high-net-worth individuals and corporate professionals seeking upscale residences, Bengaluru’s luxury home market is expected to remain resilient and continue to attract investment, further solidifying its position as one of India’s most sought-after real estate destinations.