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Bengaluru recorded a marginal 1% year-on-year increase in housing sales during the April–June quarter, with 15,285 residential units sold despite an 8% rise in average property prices, according to Anarock. The city outperformed the seven major Indian residential markets, where overall sales declined 6% amid global uncertainties. New housing launches in Bengaluru surged 41% to 21,670 units, with nearly 96% of the supply concentrated in the premium and luxury segments priced at INR 80 lakh and above. The increase in project launches helped sustain demand, although it also pushed unsold inventory to 79,180 units by the end of the quarter.
Bengaluru's residential property market registered modest growth during the April–June quarter, with housing sales rising 1% year-on-year to 15,285 units despite an 8% increase in average prices, according to the latest data released by real estate consultancy Anarock. The city emerged as one of the few major housing markets to record positive sales growth during the period, even as overall residential demand across India's seven largest cities moderated.
Housing sales in Bengaluru stood at 15,120 units during the corresponding quarter last year. Over the same period, developers significantly accelerated project launches, with new residential supply increasing 41% to 21,670 units from 15,345 units a year earlier.
Anarock's report showed that housing sales across the seven major cities—Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Bengaluru, Hyderabad, Chennai and Kolkata—declined 6% year-on-year to 90,715 units during the April–June quarter from 96,285 units in the corresponding period last year. The consultancy attributed the broader slowdown to prevailing global uncertainties affecting buyer sentiment.
Despite the softer national trend, Bengaluru maintained healthy market activity, supported by a robust pipeline of new launches. According to the report, around 96% of the new residential supply introduced during the quarter was concentrated in the premium and luxury segments, comprising homes priced at INR 80 lakh and above. The strong supply in these categories helped sustain demand in the city's primary housing market.
The higher volume of project launches also contributed to an increase in Bengaluru's unsold housing inventory, which stood at 79,180 units at the end of the June quarter.
Commenting on the market, Anarock Chairman Anuj Puri said that housing demand continues to be led by the premium segment, particularly in locations benefiting from Global Capability Centre (GCC)-driven employment and infrastructure-led development corridors.
Industry stakeholders also pointed to Bengaluru's employment base and expanding infrastructure as key factors supporting residential demand. Shivam Agarwal, Vice President – Strategy at Sattva Group, said the growing demand for Grade A residential developments reflects the changing aspirations of homebuyers and the city's strong end-user market. He added that sustained employment growth, the expanding technology and GCC ecosystem, and continued infrastructure development were underpinning demand.
Ramani Sastri, Chairman and Managing Director of Sterling Developers, said Bengaluru's residential market is increasingly being shaped by rapid urbanisation, employment generation, improved connectivity, infrastructure expansion, its cosmopolitan character, attractive rental yields and evolving lifestyle preferences.
Ashish Acharya, Founder and Chief Executive Officer of Propsoch, said new project launches by Tier I developers in several prime locations performed particularly well during the June quarter. He noted that the average ticket size in Bengaluru's premium housing segment increased by around 13%, rising from approximately INR 2.2 crore to INR 2.5 crore during the period.
Source - PTI
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