Bengaluru Leads India’s Real Estate Market in Last Quarter: Report

Bengaluru has become the leading city in India’s real estate market, according to a report from Real Estate Intelligence Service (REIS) of JLL Research released on Thursday. The city sold 18,550 residential units in the last financial quarter, making it the top performer in the residential real estate market.

New property launches in Bengaluru also grew by nearly 45%, with 16,537 new units introduced. The city’s strong IT sector, improving infrastructure, and favorable business conditions have attracted many national and regional developers, leading to a steady number of new launches each quarter.

Rahul Arora, senior managing director for Karnataka and Kerala at JLL India, noted that Whitefield accounted for 47% of these new launches, with Hosur Road and Bellary Road also seeing significant activity.

In the last quarter, the upper-mid segment apartments, priced between Rs 1 crore and Rs 3 crore, made up 62% of the residential real estate market in Bengaluru.