Housing prices in Bengaluru up by 4% in April-June quarter: Report

Bengaluru's housing prices were at a three-year high in the second quarter, having risen four percent year-on-year, according to a report. Unsold houses were bought at the highest pace compared to seven other major cities, indicating a revival in demand.

Published on: Aug 16, 2022, 13:39:04 IST

By Yamini C S | Edited by Chandrashekar Srinivasan

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The square foot price of residential housing in Bengaluru increased by four per cent to ₹7,848 in the April to June quarter as compared to last year. This is much lower than the 10 per cent increase in the Delhi and national capital region but more than the one per cent rise recorded in the Mumbai Metropolitan Region (MMR) and Chennai.

Bengaluru's housing prices rose 4 per cent in the April to June quarter. (Photo by Jade GAO / AFP)(For Representational purposes only) (AFP)

A report by Credai, or the Confederation of Real Estate Developers' Associations of India, Colliers India and Liases Foras - called 'Housing Price-Tracker 2022' - analyses real estate market trends for eight major cities - Bengaluru, Delhi-NCR, MMR, Chennai, Kolkata, Hyderabad, Pune and Ahmedabad.

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Housing prices in Bengaluru returned pre-pandemic levels by rising four per cent in the second quarter, making it the highest price in three years.

Below is a table detailing the increase in housing prices in eight cities:

City	Year-on-year increase in housing prices
Delhi	10 percent
Ahmedabad	9 percent
Hyderabad	8 percent
Kolkata	8 percent
Pune	5 percent
Bengaluru	4 percent
Chennai	1 percent
Mumbai Metropolitan Region	1 percent

Bengaluru also saw the highest dip in unsold inventory of 21 per cent on YoY basis, signaling a revival in demand, the report said.

This compares to a 36 per cent rise in unsold inventory in Ahmedabad, which means supply is higher than demand, whereas the market in Bengaluru is moving towards a more balanced state with demand at par with supply.

Also read: Bengaluru in top APAC cities for sustainable commercial real estate: Report

Prices rose by four per cent in the periphery and outer south region of the city, in areas including Attibele Sarjapur Village Junction, BTM Layout, Bommanahalli, Electronic city phase-2, RR Nagar - Kenchanahall, while prices grew 10 per cent in the periphery and outer east region, in areas including Hoskote Village, HSR layout sector 1, Kadugodi - Sadarmangala, Old Madras Road - Avalahalli and Whitefield Road.

ABOUT THE AUTHOR
Yamini C S
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.Read More

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