Bengaluru's Real Estate Boom Continues: Homes Worth ₹19,000 Crore Sold in Q2 2024
Bengaluru's real estate market sees significant growth, with homes worth ₹19,000 crore sold between April-June 2024. North Bengaluru emerges as the most active region, accounting for 35% of registered transactions.
Bengaluru Real EstateSquare YardsAnarockPrestige GroupGodrej PropertiesEmbassy GroupReal Estate MumbaiSep 11, 2024
The report also highlights that Prestige Group led the market with the highest number of residential transactions registered in the June quarter at 255, followed by Godrej Properties with 126 transactions. Embassy Group topped the list of developers with the highest home sales value during the period under review at ₹391 crore.
North Bengaluru has emerged as the most active region, accounting for 35% of registered transactions in the June quarter. South Bengaluru closely followed with a 30% share in overall transactions, with Electronic City and Jayanagar standing out as top localities.
Frequently Asked Questions
What was the value of registered home sales in Bengaluru during the April-June period of 2024?
The value of registered home sales in Bengaluru jumped 30% quarter-on-quarter to reach ₹19,631 crore during the April-June period of 2024.
Which region accounted for the most registered transactions in Bengaluru during the June quarter?
North Bengaluru accounted for 35% of registered transactions in the June quarter.
Which developer had the highest number of residential transactions registered in the June quarter?
Prestige Group led the market with the highest number of residential transactions registered in the June quarter at 255.
What is the main driver of Bengaluru's real estate market?
The growth of the IT sector and the increasing demand for housing from professionals are the main drivers of Bengaluru's real estate market.
What is the expected trend for Bengaluru's real estate market in the future?
As the city continues to grow and develop, it is likely that the real estate market will continue to boom, with more and more people looking to invest in property in Bengaluru.
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