Real Estate Market In Bangalore 2024

The real estate market in Bangalore in 2024 is rapidly increasing because of the city's status as a tech hub. These real market prices are steadily growing because of the rise in population that demands residential and commercial spaces. This market comprises apartments, villas, plots, and office spaces. The units are affordable price quotes to meet the diverse needs of the buyer's budgets. Areas that have good metro, road, and air connectivity are chosen more. The presence of social amenities also boasts a rise in the realty market trends. The city's real market promises stability and higher growth.

There are many surveys conducted that show Bangalore's real market will rise by about 6-9%. Certain factors will increase the prices of land, villas, and flats by 2025. These are:

Demand for property - The city's IT sector boom and continued growth of tech companies have increased property investment. In 2024's 1st quarter, the demand for residential properties increased by 8%.
Mid segment properties - The sale of mid-segment properties was sold off in the 1st quarter of 2024 in Bangalore. Buyers look for affordable housing options that are within their budgets. The highly demanded property price starts at Rs 45 Lakhs onwards.
Most chosen areas - Top IT hubs of the city, like Whitefield, Electronic City, RR Nagar, etc, are highly demanded. These localities have seen the highest selling of units. Big firms are located in these areas, which have made the area's demand higher. These areas also offer many job opportunities and reduce traveling time and cost.
Availability of good commuting facilities - People prefer locations that have good connectivity through all modes. The metro facility has improved the city's connectivity. The presence of BMTC buses has made it easy for daily commuters to reach anywhere. The projects near the airport are a good option for regular flyers. The road network of the city is good, and many areas have low traffic rush.

There are different prices for different properties in the city.

For Villas, the avg demand starts for 3 BHK units at a starting price of 1 Cr.
For apartments, the mid-segment 2 BHK units are chosen more with an avg price range of Rs 50-70 Lakhs.
For plots, the range starts at Rs 50 Lakh onwards to 70 Lakhs.

Buyers choose properties that yield higher returns on investment and rentals. The units that are located in the plush areas are highly demanded. Social amenities like schools, hospitals, malls, hotels, etc are nearby the rate of property increases. Office spaces are also developed in the tech and business hubs that are easily approachable for professionals.

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