Bengaluru Tops In India’s Apartment Market Sales In 2023 Quarter 2
Nov 24, 2023
This blog highlights Bengaluru’s significant contribution to India’s apartment market, with a remarkable sale of 21% among 64,547 units in Q2 2023, reflecting a 4% quarter-on-quarter growth. Middle-class projects, priced between Rs. 350 and Rs. 75 Lakh, dominated half-yearly sales, capturing a 24% share.
The premium segment, exceeding Rs. 1.5 Cr, constituted approximately 21% of total sales. Affordable apartments saw a decline from 29% in H1 2022 to 19% in H1 2023. Premium segment prices surged, leading to a substantial growth in premium apartment sales.
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