Bengaluru’s Property Micro Markets See Unprecedented Price Surge
Bagalur, nestled in the vibrant region of North Bengaluru, has experienced a dramatic escalation in residential property prices, soaring by nearly 90% over the past five years. This surge is driven by robust demand and an influx of new developments, as revealed in a comprehensive study by esteemed real estate consultants. Kokapet in Hyderabad has emerged as a close competitor, recording an impressive 89% increase in property values. Prices in this area have climbed from ₹4,750 to ₹9,000 per square foot, with 12,920 new residential units added to the market. Whitefield, another key player in Bengaluru’s real estate sector, secured the third position on this list, showcasing an approximate 80% rise in property prices. Between 2019 and the first half of 2024, Whitefield saw the launch of over 18,600 new residential units, solidifying its reputation as a prime location for homebuyers.
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