Bengaluru’s Luxury Real Estate Booms: ₹1000 Crore Sales Mark New Growth Chapter

Bengaluru’s luxury real estate sector has reached an extraordinary milestone in FY25, with sales crossing the ₹1,000 crore mark for the first time. This represents a staggering 59% increase compared to the previous fiscal year, where sales stood at ₹627 crore. The volume of high-end homes sold (priced ₹10 crore and above) also surged from 51 units to 78 units, signaling robust demand for premium residences in the city.

Buyers Seeking More Than Just Properties

The luxury homebuyers in Bengaluru today are driven by a blend of aspiration and strategic investment. According to Ashwin Chadha, CEO of India Sotheby’s International Realty, these buyers are not merely purchasing homes but investing in a lifestyle that reflects their success and ambitions. This shift points to a maturing market where luxury real estate is seen as both a personal sanctuary and a valuable asset.

Hebbal Emerges as a Luxury Hotspot

Among the various micro-markets, Hebbal has emerged as a clear leader, contributing 22% of the total luxury sales value and 19% of units sold in FY25. The area’s proximity to tech parks, excellent connectivity, and evolving infrastructure make it highly attractive to affluent buyers. Other neighborhoods like Whitefield, Varthur, and North Bengaluru are also gaining momentum as new luxury hubs.

Key Drivers Behind the Surge

• Thriving Tech Ecosystem: The city’s booming IT sector and startup culture attract high-net-worth individuals seeking premium homes close to their workplaces.
• Infrastructure Development: Enhanced metro connectivity, improved roads, and the rise of business parks have boosted the desirability of luxury properties.
• Lifestyle Preferences: Buyers increasingly demand spacious homes with world-class amenities, reflecting a desire for comfort and exclusivity.
• Strong Investment Returns: High rental yields and consistent property appreciation make luxury homes attractive for investors.

From Investment to Residency: Changing Buyer Mindset

Ashwinder R Singh, chairman of the CII Real Estate Committee, highlights a fundamental shift in buyer intent. Bengaluru is no longer just a destination for investment; it is becoming a preferred city to live in. Improved social infrastructure, growing confidence in the city’s future, and a vibrant cosmopolitan culture are encouraging buyers to settle down in luxury homes.

The Future Outlook for Bengaluru’s Luxury Market

With the luxury segment entering a new phase of growth, Bengaluru is poised to become a benchmark for premium real estate in India. As infrastructure projects continue and the tech ecosystem expands, demand for luxury homes is expected to remain strong, driven by both end-users and investors seeking long-term value.