Bengaluru's luxury apartment sales cross Rs. 1,000 crore (US$ 117.05 million) in FY25, shows data
- IBEF
- April 21, 2025
Bengaluru’s luxury apartment market, with properties priced at Rs. 10 crore (US$ 1.17 million) and above, has achieved a significant milestone, surpassing Rs. 1,000 crore (US$ 117.05 million) in annual sales for the first time. Notably, 42% of the sales in the past four years occurred in FY25, signalling a strong recovery in demand for high-end residential properties. A report by India Sotheby’s International Realty and CRE Matrix revealed a substantial surge in the demand for ultra-premium apartments, particularly those ranging from 5,000 to 7,000 square feet, reflecting the growing preference for spacious, luxurious living spaces.
Chief Executive Officer of India Sotheby’s International Realty, Mr. Ashwin Chadha, remarked that Bengaluru’s luxury housing market has entered a new phase, with high-net-worth individuals, including Chief Experience Officers (CXOs), startup founders, and global Indians, investing in aspirational lifestyles and strategic asset allocation. Hebbal emerged as the dominant area, accounting for 22% of the total sales value. At the same time, other luxury hotspots like Domlur, Sudhamnagar, and Bomanhalli also saw significant growth. Chief Executive Officer of CRE Matrix, Mr. Abhishek Kiran Gupta, noted the emergence of six new micro-markets, highlighting the market's rapid evolution beyond traditional luxury areas. Despite the growth, Mr. Ashwin Chadha emphasised the importance of Bengaluru’s infrastructure evolving to support the expanding luxury sector, expecting steady, quality-driven price appreciation in the future.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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