Bengaluru's IT Hub Leads Residential Real Estate Market

The IT hub of Bengaluru has become a leading residential real estate market, with a significant increase in unit sales and new launches. The city's growth is driven by the booming IT sector, infrastructure upgrades, and a favorable business environment, attracting both national and regional developers.

Bengaluru has emerged as the leading residential real estate market, recording the sale of 18,550 units last financial quarter, according to a report from the Real Estate Intelligence Service (REIS) of JLL Research.

The city saw a nearly 45 per cent increase in new launches, with 16,537 units, fueled by sustained property demand supported by the booming IT sector, infrastructure upgrades, and a favorable business environment, attracting several national and regional developers.

Whitefield contributed 47 per cent of new launches, followed by Hosur Road and Bellary Road, with upper-mid segment apartments priced between Rs 1 crore and Rs 3 crore holding a dominant 62 per cent share. The Namma Metro extension has further bolstered Whitefield's position, attracting several developers.

(With inputs from agencies.)