Residential sales in Bengaluru fell 2% YoY in Q1 2024, while sales of units priced above Rs 1 crore saw a 40% increase across top 8 cities.
Southern Indian cities, Chennai & Bangalore, outperform NCR in real estate returns (40-70% vs 15-20%) & new launches, driven by user-demand vs investor-driven markets.
Bangalore tops PERE investments, receiving Rs.32.3 billion, doubling last year's amount, mainly in commercial sector, as per Cushman & Wakefield's report.
Bangalore's residential market is witnessing a surge in green buildings, with growing buyer demand reflecting a significant trend towards sustainability.
US-based private equity firm Blackstone, along with HDFC and Embassy Realty, plans to purchase a Business Park in Bangalore for $367 million.
Blackstone anticipates a substantial profit of approximately ₹210 Cr from its joint venture with Embassy Property Developments in Bangalore, marking a significant Indian real estate investment.