News articles tagged Bengaluru Real Estate

By 2030, Bengaluru will possess 330-340 million square feet of office space in India: report

Bengaluru is projected to remain dominant in the commercial real estate market by 2030, driven by sectors like technology, engineering, manufacturing, and BFSI.

Bengaluru is the top option for Indian non-residents looking to buy mid-range and affordable homes

Bengaluru remains a top choice for NRIs investing in residential real estate, driven by the city’s favorable climate and growing property values despite traffic issues.

Top 8 cities’ home sales fell 6% between April and June

Housing sales in top 8 Indian cities fell 6% in Apr-Jun quarter due to Lok Sabha polls, despite 42% YoY growth.

Why are Bengaluru and Mumbai the top destinations for real estate developers?

Developers from Bengaluru and Mumbai increase footprint in each other's cities, driven by growth, sales velocity, and better margins, with some finding lower land prices in Bengaluru attractive.

Global investors are shifting to alternative assets; institutional investments in Indian real estate are up 16% since 2021

The Asia-Pacific real estate market faces volatile conditions driven by interest rate changes, although the concerns around COVID have lessened. India's investments have risen by 16%.

In Jan-March 2024, luxury homes priced above Rs 4 crore saw a 10% year-year increase across the top seven cities

India's luxury housing market saw a 10% YoY sales surge in Q1 2024, with Mumbai leading the demand. Driven by rising incomes and spending power, the segment is poised for continued growth.

Non-resident Indians from the US dominate real estate sales in Bengaluru: 2BHK and 3BHK housing units are the most popular

NRIs contribute to 15% of Bengaluru's housing sales, mostly from the US, Singapore, UAE, and Australia. They favor 2 & 3BHK units in North and East Bengaluru.

Property sales increase 9% year over year in Q12024, while office leasing increases 43%: report

India's Q1 2024: 9% rise in home sales, 43% surge in office leasing, driven by global capacity centers, with Mumbai leading residential growth.

Q1 2024 home sales in Bengaluru decline as the market for affordable housing contracts

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.

Mumbai has had the fastest coworking space rental growth since FY20, at 27%.

Mumbai and Gurgaon see significant increases in coworking rental prices, with Mumbai rising by 27% and Gurgaon by 19% over the past four years, according to a MyHQ by Anarock report.

To construct a housing project worth Rs 1,700 crore, Mahindra Lifespace purchases a 9.4-acre plot of land in Bengaluru

Mahindra Lifespace Developers Ltd. acquired 9.4 acres in Bengaluru for a Rs. 1,700 crore residential project, focusing on mid-premium housing and spanning 1.2 million sq ft.

Five things to be aware of in the Bengaluru real estate market if you intend to rent an apartment there

Bengaluru's rental inflation exceeds Singapore's due to a 20-30% rent increase, driven by companies ending work-from-home policies.

Examining the Patterns and Forecasts of Bengaluru’s Real Estate Renaissance

Bengaluru's housing sales surged by 29% in 2023, reaching 63,980 units, driven by its tech hub status, infrastructure growth, IT sector resurgence and government policies.

In the Asia Pacific region’s annual housing price growth index, Bengaluru comes in at number eight and Mumbai at number nine.

Knight Frank's report reveals Singapore as the top Asia-Pacific residential market with 13.7% YoY growth. Bengaluru and Mumbai also rank in the top 10.