Bengaluru records 169% growth in sales in H1, 2022
Bengaluru witnessed a growth of 107% Y-o-Y in new launches
Bengaluru, 13th July 2022: In H1 (Jan to June) 2022, Bengaluru residential market recorded the highest half-yearly sales since H1 2008. It recorded a sales growth of 169% in H1 2022 as compared to H1 2021. By comparison, in Q2 2022, however sales of residential apartment units witnessed a decline of 8% Q-o-Q as the new launches also came down by 28% in the quarter.
“The majority of the sales in Q2 2022 were recorded in Hosur Road, Whitefield, and Bellary Road. It is quite interesting to observe that majority of the sales in Bengaluru took place in apartments in the price bracket of INR 50 Lakh-INR 75 Lakh. The city has robust end-user demand and investor interest arising from its strong tech and start-up workforce which is driving the demand for quality apartment projects,” said Rahul Arora, MD (Karnataka & Kerala) and Head Office Leasing Advisory, India, JLL.
|Q2 2021 (units)||Q1 2022 (units)||Q2 2022 (units)||Q-o-Q Growth (%)||Y-o-Y Growth (%)|