Bengaluru’s housing market showed mixed signals in the first quarter of 2025, with overall home sales dipping by 10% year-on-year, even as new launches and luxury segment demand surged, according to a recent report by JLL India.
The city recorded sales of 15,340 units between January and March 2025, down from 16,995 units during the same period last year. In contrast, new launches skyrocketed by 62%, reaching 20,484 units, driven largely by infrastructure growth and buyer interest in under-construction properties. About 30% of Q1 sales came from newly launched projects, a strong indicator of market confidence.
While Bellary Road dominated new launches—contributing over one-third of total supply—Whitefield led the sales chart, accounting for 35% of total purchases.
Interestingly, the luxury housing segment saw record growth. Apartments priced ₹1 crore and above made up 61% of all sales, with premium units (₹3–5 crore) witnessing a staggering 119% year-on-year growth.
“This signals an increasing demand for spacious, high-end homes, reflecting both growing affluence and lifestyle shifts,” said Samantak Das, Chief Economist at JLL India.
Property prices rose by 13% on average across the city compared to Q1 2024. Whitefield topped price appreciation at 17%, followed by Hosur Road with 14%. This uptick is attributed to the launch of premium projects and rapid absorption of quality housing.
Despite the dip in volume, Bengaluru’s real estate market remains strong in value terms, with high-end buyers continuing to drive growth.
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