Bengaluru: Bengaluru‘s residential property market recorded a 10% year-on-year (YoY) price growth in Q3 2024, the highest among India’s top eight cities, according to Knight Frank India. The city’s Rs 1 crore-plus segment grew 95%, driving the luxury housing market, which accounted for 46% of sales with 40,328 units sold.
However, Knight Frank warned that this focus on premium housing may not be sustainable long-term, and affordable housing must recover.
In the office space sector, Bengaluru led with 5.3 million square feet of transactions in Q3 2024, a 158% increase YoY.