{"id":943027,"date":"2024-11-21T15:17:35","date_gmt":"2024-11-21T09:47:35","guid":{"rendered":"https:\/\/www.squareyards.com\/blog\/?p=943027"},"modified":"2024-11-21T15:17:35","modified_gmt":"2024-11-21T09:47:35","slug":"bengalurus-real-estate-soars-with-rs-15739-crore-in-residential-sales-for-q2-fy25","status":"publish","type":"post","link":"https:\/\/www.squareyards.com\/blog\/bengalurus-real-estate-soars-with-rs-15739-crore-in-residential-sales-for-q2-fy25","title":{"rendered":"Bengaluru’s Real Estate Soars with \u20b915,739 Crore in Residential Sales for Q2 FY25"},"content":{"rendered":"

Bengaluru\u2019s real estate market experienced a significant surge in Q2 FY 2024-25, with 25,259 residential units registered between July and September, according to Square Yards data. The sales volume remained robust, totalling \u20b915,739 crores, despite a 15% decline from \u20b918,505 crores during the same period last year. Notably, the average home price in the city dropped by 7% year-over-year, reaching \u20b962 lakhs, a clear indication of the evolving market dynamics across apartments and plots.<\/span><\/p>\n

Recent reports underscore the prevalence of affordability in Bengaluru\u2019s property market, with approximately 86% of transactions in the July-September quarter falling below\u00a0 \u20b91 crore. In contrast, only 8% of buyers chose properties in the \u20b91-2 crore range, with a smaller fraction in the premium \u20b92 crore and above category. These figures highlight the city’s strong demand for mid-segment and affordable housing, which will likely continue.<\/span><\/p>\n

Apartment units between 1,000 and 1,500 sq. ft have emerged as the market leaders, accounting for 47% of the 25,259 registrations. This trend reflects a growing preference for larger homes, driven by the hybrid work model in Bangaluru\u2019s IT\/ITes sectors. Post-pandemic, this shift has sparked renewed interest in real estate investments as people prioritise spacious living environments, a trend likely to gain momentum.\u00a0<\/span><\/p>\n

Sopan Gupta, <\/b>Principal Partner at Square Yards<\/a>, shared an optimistic outlook: <\/span>“During the festive season, we’ve seen heightened homebuyer interest, and as registrations normally complete within three to six months post-booking, we expect this directive to show in the upcoming quarters. Interest remains strong across apartments and plots, with the northern micro-market gaining particular traction.”<\/span><\/i><\/p>\n

Read more through the links below to uncover the key trends and market leaders driving this growth:<\/p>\n

ET NOW-<\/strong> https:\/\/bit.ly\/3CxhK1L
Hindustan Times –<\/strong> https:\/\/bit.ly\/3ANaD4I
Deccan Herald –<\/strong> https:\/\/bit.ly\/3APLYMT
ThePrint –<\/strong> https:\/\/bit.ly\/4hWWanF
Lokmat –<\/strong> https:\/\/bit.ly\/3Oca8nJ
Asian News International (ANI) –<\/strong> https:\/\/bit.ly\/4hTcuFF<\/p>\n

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Published Date<\/strong>: 13 Nov, 2024<\/p>\n<\/article>\n<\/article>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

Bengaluru\u2019s real estate market experienced a significant surge in Q2 FY 2024-25, with 25,259 residential units registered between July and September, according to Square Yards data. The sales volume remained robust, totalling \u20b915,739 crores, despite a 15% decline from \u20b918,505 crores during the same period last year. Notably, the average home price in the city […]<\/p>\n","protected":false},"author":68,"featured_media":943046,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[234],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/943027"}],"collection":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/comments?post=943027"}],"version-history":[{"count":1,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/943027\/revisions"}],"predecessor-version":[{"id":943051,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/943027\/revisions\/943051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media\/943046"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media?parent=943027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/categories?post=943027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}