Archive · 30 May 2025
Bengaluru's Premium Real Estate Sees Growth in 2024
Imagine a report that looks at how houses are being sold in Bengaluru.
It found that fancy, expensive houses did really well in 2024, growing by over 11%.
People are buying more of these premium homes, making up more than half of all homes sold.
The prices of these homes went up a bit too.
It seems like people want bigger homes with more rooms, possibly because they're working from home.
This is good news for people who build and sell homes in Bengaluru.
Bengaluru's premium residential real estate market grew by 11.2% year-over-year in 2024.
The premium category accounted for over 52.8% of the total market supply.
Premium home launches increased by 16.3% year-on-year.
The premium segment saw a 4% YoY price appreciation.
Demand for 3 and 3.5 BHK configurations increased.
- Who
- Real estate market in Bengaluru
- What
- Premium residential real estate market growth.
- When
- 2024
- Where
- Bengaluru
- Why
- Due to rising aspirations, lifestyle-driven housing demand, and changing buyer preferences.
- Premium Residential Market Growth
- 11.2%
- Premium Category Price Range
- ₹7,000 to ₹15,000 psf
- Premium Sector Share of Total Market Supply
- 52.8%
- Increase in Premium Home Launches (YoY)
- 16.3%
- Absorption Rate
- 53%
- Premium Segment Price Appreciation (YoY)
- 4%
- Weighted Average Price in Premium Segment
- ₹14,000 per sq. ft.