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According to a report by JLL India, sales of residential real estate in Bengaluru fell 10% year over year in the first quarter of 2025, totaling 15,340 units. Despite this dip, the city saw a significant 62% surge in new launches, reaching 20,484 units. The luxury housing segment, particularly apartments priced between INR 3-5 crore, witnessed a remarkable 119% growth in sales. Whitefield emerged as a key area, contributing 35% to the quarter's overall sales. The average property prices in Bengaluru rose by approximately 13% compared to the previous year.
Bengaluru's residential real estate market showcased resilience in the first quarter of 2025, recording 15,340 housing units sold, a 10% decrease from the same period in the previous year, as per JLL India's recent report. Contrasting this decline, the city experienced a substantial 62% increase in new housing launches, totaling 20,484 units. Advertisement
The luxury housing segment stood out, with apartments priced above INR 1 crore comprising approximately 61% of the quarter's sales. Notably, the premium segment, specifically homes priced between INR 3-5 crore, saw a significant 119% year-on-year growth. Samantak Das, Chief Economist and Head of Research and REIS at JLL India, attributed this trend to the growing affluence among buyers and a shift towards spacious, high-end residences.
Whitefield continued to be a preferred location, accounting for 35% of the quarter's total sales, while Bellary Road led in new project launches, contributing over a third of the total. Approximately 30% of the sales were from projects launched during the same quarter, indicating strong buyer confidence in early-stage developments.
The average property prices in Bengaluru increased by about 13% year-on-year in Q1 2025. This appreciation is largely due to the introduction of high-end projects at premium price points and the rapid absorption of quality developments, particularly in areas like Whitefield and North Bengaluru.
The city's robust IT and startup ecosystem, ongoing infrastructure developments like the expansion of the Namma Metro, and improved connectivity have been pivotal in sustaining demand in the residential sector.
The significant growth in high-end segment sales and rising property prices reflect the city's evolving buyer preferences and economic prosperity. With continued infrastructure advancements and a thriving tech industry, Bengaluru is poised to maintain its stature as a prime destination for residential investments.
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