Bengaluru Housing Market Sees 21% Growth in Q3, Reaching 16,840 Units: PropEquity
PropEquity, a real estate data analytics firm, predicts a 21% increase in Bengaluru's housing sales for the July-September period, reaching 16,840 units. The city's robust demand is driven by end-users, especially those in the IT sector.
Bengaluru HousingReal EstatePropequityHousing SalesIt SectorReal EstateSep 28, 2025
Sales in Bengaluru's primary housing market stood at 13,966 units in the same period last year. PropEquity data indicates that the January-September period of the 2025 calendar year is likely to see a total of 49,559 units sold, up from 46,392 units in the corresponding period of the previous year. This upward trend is expected to continue into the fourth quarter, driven by the festive season and pent-up demand from the pandemic years.
The housing market in Bengaluru saw a significant dip during the COVID-19 pandemic, with sales plummeting to 34,480 units in 2020. However, demand has steadily recovered, with sales increasing to 43,181 units in 2021 and 60,391 units in 2022. The 2024 calendar year saw 61,116 units sold, a slight decline from the 66,600 units sold in 2023.
Karishmah Siingh, President of Sales, Marketing & CRM at the Sattva Group, attributes Bengaluru's residential boom to genuine homebuyers, making it a sustainable market. The city's status as a hub for multinationals and global companies (GCCs) further fuels the demand for quality housing. Many micro-markets within Bengaluru are transforming into high-growth urban centers, supported by enhanced infrastructure and connectivity.
Umesh Gowda H.A, Chairman and Founder of the Sanjeevini Group, notes that the housing demand in Bengaluru is primarily driven by end-users, especially those working in the IT sector and startups. Ramji Subramaniam, MD of Sowparnika Projects, highlights the role of the thriving IT and startups ecosystem, along with the city's pleasant climate and cosmopolitan culture, in boosting housing demand.
Anjana Sastri, Director of Marketing at Sterling Developers, points out that the demand is fueled by a combination of economic, social, and lifestyle factors. The city's robust IT industry, employment opportunities, and high rental yields of both residential and commercial properties, coupled with infrastructure development, have sustained the demand from both end-users and investors.
Rohit Maroo, Executive Director of ORA Realty, observes that plotted developments and second-home farm plots are gaining strong traction among retail investors. With expanding city limits, government-led infrastructure projects, and rising urbanization, land values in growth corridors are witnessing steady appreciation. Plotted developments are becoming the preferred choice for the rising middle class, offering freedom to build personalized spaces.
However, PropEquity data suggests that India's top nine cities are likely to see a 4% decline in housing sales in the quarter ending September, primarily due to lower demand in the Mumbai region and Pune. Total housing sales across these nine cities are estimated to fall to 100,370 units during the July-September 2025 period, down from 105,081 units in the year-ago period.
P.E Analytics Ltd, a NSE-listed company, owns and operates PropEquity, which covers over 1.7 lakh projects of more than 57,000 developers across 44 cities in India. The firm's comprehensive data and insights provide valuable information for real estate stakeholders, helping them make informed decisions in a dynamic market.
Frequently Asked Questions
What is the expected growth in housing sales in Bengaluru for the July-September quarter?
Bengaluru's housing sales are expected to grow by 21% in the July-September quarter, reaching 16,840 units, according to PropEquity.
What factors are driving the housing demand in Bengaluru?
The housing demand in Bengaluru is driven by end-users, especially those in the IT sector and startups, as well as the city's robust IT industry, employment opportunities, and high rental yields of both residential and commercial properties.
How did the housing market perform during the COVID-19 pandemic?
During the COVID-19 pandemic in 2020, sales in Bengaluru's housing market dropped to 34,480 units. However, demand has steadily recovered in subsequent years.
What are the key micro-markets in Bengaluru that are transforming into high-growth urban centers?
Many micro-markets within Bengaluru are transforming into high-growth urban centers, supported by enhanced infrastructure and connectivity, driven by the city's status as a hub for multinationals and global companies.
What is the role of plotted developments in the Bengaluru housing market?
Plotted developments are gaining strong traction among retail investors in Bengaluru, offering the rising middle class the freedom to build personalized spaces, with land values in growth corridors witnessing steady appreciation.
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