🏘️ Flat sales increase in Bengaluru

Bengaluru news in just 5 minutes

Get Bengaluru Brief, our smart and concise daily guide to bustling Bengaluru in your inbox for FREE.

Housing sales have jumped in Bengaluru as the city saw the sale of 8,350 units in April-June, as opposed to 1,590 units in the previous-year period. 

Story so far: According to the latest Real Insight Residential report, the demand for housing experienced a low base during the April-June 2021 period due to the second wave of the Covid pandemic. The growth seen in April-June 2022 is multi-fold.

  • Housing demand has boosted due to the increased importance of owning a property as well as the consumer confidence in the economic scenario of the country.
  • The year-on-year housing sales for this period increased 4.5 times, while the demand increased by 5% from the previous quarter.

Housing craze: Apart from Bengaluru, cities such as Mumbai, Pune, Ahmedabad, Chennai, Delhi and Kolkata also saw a hike in housing sales compared to the previous quarter.

More Stories from Bengaluru...

Bengaluru news in just 5 minutes

Get Bengaluru Brief, our smart and concise daily guide to bustling Bengaluru in your inbox for FREE.