Bengaluru leads India’s residential market: 25% Share in Q1 2025 launches and sales, premium segment soars 119%: JLL

Bengaluru leads India’s residential market: 25% Share in Q1 2025 launches and sales, premium segment soars 119%: JLL

BENGALURU, MAY 5^th 2025: In the first quarter of 2025 (Q12025), Bengaluru set a new benchmark in India’s residential real estate market. The city achieved its highest-ever quarterly launch of 20,484 residential units, while also recording 15,340-unit sales. This performance established Bengaluru as the top contributor (with around 25% share) to both residential supply and demand across India for Q1 2025. Despite a general slowdown in housing sales both nationwide and within Bengaluru during this period, the city maintained its premiere position in the country’s residential landscape highlighting its sustained appeal to homebuyers.

Bengaluru’s residential supply of 20,484 units in 1Q 2025 surpassed the city’s previous high set in Q2 2024 and registered a substantial 62% increase compared to the same quarter in the previous year. The prime factors driving the sustained residential sector growth in Bengaluru include its robust IT and startup ecosystem, its rising popularity as an employment hub and the ongoing expansion of Namma Metro and road networks connecting peripheries to the core. Additionally, strong property sales performance in previous quarters that boosted investor and developer confidence resulted in steady surge in launches and strengthened Bengaluru’s position as a key player in India’s housing sector.

Bengaluru’s residential sector performance

“Sustained quarterly sales in Bengaluru have been largely driven by healthy buyer interest in projects launched during the same quarter. Interestingly in Q1 2025, around 30% of Bengaluru’s sales were contributed by projects launched during the first quarter of the year, signalling strong buyer confidence in such projects in early stages of construction. In terms of submarket wise performance, Bellary Road emerged as the frontrunner in new project launches, accounting for over a third of the total, meanwhile, Whitefield proved most attractive to homebuyers, generating 35% of the quarter’s overall sales,” Siva Krishnan, Senior Managing Director (Chennai & Coimbatore), Head – Residential Services, India, JLL.

Sustained contribution by high end and premium apartments in Bengaluru’s housing sector dynamics

Improved supply and demand traction in apartments priced more than INR 1.0 crore drove Bengaluru’s quarterly housing sector performance, despite a short-term slowdown in sales Apartments priced INR 1.0 crore and above, held a dominant share of around 61% in Bengaluru’s Q1 housing sales and recorded a remarkable growth of ~31% when compared to Q1 2024. Out of this, the premium segment apartments (priced between INR 3.0 -5.0 crore) witnessed majority of the traction with ~119% year-on-year growth in sales. The consistent rise in demand for more expensive homes reflects growing wealth among property seekers, evolving lifestyle aspirations, and a shift towards prioritizing spacious and high-end residences.” said Dr. Samantak Das, Chief Economist and Head of Research and REIS, India, JLL

High end and Premium Housing Segment experiences steep growth trajectory

Residential prices see steady climb

Bengaluru’s residential real estate market witnessed a healthy upswing in Q1 2025, with average property prices climbing by approximately 13% compared to the previous year. This price appreciation can be largely attributed to factors such as introduction of high-end projects at premium price points that has pulled the average price upwards and the rapid absorption of quality developments. Whitefield enjoyed the highest Y-o-Y price growth of 17% followed by Hosur Road submarket with 14% appreciation.