Bengaluru Sees 19% Jump in Home Sales in Q2 2024, Driven by IT Sector and Hybrid Work Models
Bengaluru's residential market continues to display steady growth, with a 19% increase in home sales in Q2 2024. Read more about the latest trends in the city's real estate market.
Bengaluru Real EstateHome SalesIt SectorHybrid Work ModelsSquare YardsReal EstateSep 06, 2024
The growth can be attributed to the strong IT sector and the adoption of hybrid work models, which have led to an increase in demand for housing in the city. Despite challenges such as flooding and water shortage, home buyer demand remains resilient, driven by the strengthening IT sector and the flexibility offered by hybrid working models.
East and southern suburbs continue to be in high demand, while northern suburbs are rapidly emerging as key areas of interest for both apartments and plots. Branded developers, particularly those delivering quality projects, are witnessing successful launches with swift offtake.
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Frequently Asked Questions
What is the growth rate of home sales in Bengaluru in Q2 2024?
19%
What is driving the growth of Bengaluru's residential market?
The strong IT sector and the adoption of hybrid work models
Which suburbs are in high demand in Bengaluru?
East and southern suburbs, with northern suburbs emerging as key areas of interest
What is the outlook for Bengaluru's residential market?
The market is expected to continue growing, driven by the IT sector and hybrid work models
Who is the Principal Partner of Square Yards?
Sopan Gupta
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