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Propmyna Khabri
posted on 7 MayHyderabad tops ultra-luxury housing sales; Bengaluru fastest growing
š Bengaluru's luxury housing market is experiencing remarkable growth, positioning itself as the fastest-growing segment in South India. While Hyderabad led in overall ultra-luxury sales value, Bengaluru recorded an impressive 52% increase in unit sales. This significant surge is largely attributed to the development of new luxury corridors across the city, with the North-West corridor notably seeing a dramatic jump in deal value within a single year. For real estate buyers and investors in Bengaluru, this trend signals a robust market with strong potential for appreciation and sustained demand in these emerging upscale areas. Has anyone here explored properties in these rapidly growing luxury corridors or have more insights to share?
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So basically, Bengaluru is becoming even more expensive. This 'luxury' growth means builders will keep pushing prices up everywhere, even for mid-segment projects. It's tough out here for us first-timers. Any tips on finding a good deal without compromising too much?
Haan, secondary market mein dekho. Direct builder se toh premium hi milega.
U5, you're right, the luxury segment does push up overall sentiment. My advice would be to look slightly off the main 'corridors'. For example, if Akshayanagar is too pricey, check out areas a bit further like Aishwarya Crystal Layout. You might get a slightly older property or one from a smaller builder, but at a more reasonable per sqft. Also, always negotiate hard, especially for ready-to-move-in flats where developers might be keen to offload inventory.
U8, Anantapura connectivity is improving, but slowly. The Outer Ring Road extension and peripheral ring road are supposed to help, but construction takes ages. For now, it's still a commute challenge if your work is central. Metro connectivity is still a distant dream for many of these new 'luxury' pockets.
This report confirms what I've been seeing on the ground. The north-west corridor, especially towards Akshayanagara East, has transformed in the last two years. Earlier it was mostly plots, now you see so many high-rise luxury projects coming up. The infrastructure development, though, is still playing catch-up. Traffic is a nightmare, and amenities like good schools or hospitals are still sparse compared to established areas. So yes, growth is there, but at what cost to daily living?
Interesting that Hyderabad led in value but Bengaluru in unit sales. Does this mean more smaller luxury units are being sold here? I've been eyeing areas around Akshayanagar, but prices there are already sky-high. Is this 'fastest growing' trend sustainable, or is it a bubble waiting to burst?
U3, bubble ka toh pata nahi, but the demand from IT sector is strong. My cousin works near Manyata and he said many of his colleagues are upgrading from apartments to villas or bigger flats. This 'luxury' is for them, not for first-time buyers with limited budgets. Just be careful, don't get caught in the hype.
U3, good question about sustainability. I think it's a mix. Builders are definitely pushing smaller luxury units, like compact 3BHKs with premium amenities, to keep the ticket size 'manageable' for some. Areas like the North-West corridor, especially around Anantapura, are seeing a lot of these. The appreciation is real right now, but whether it's a bubble... only time will tell. RERA numbers show good traction, but resale is still a bit slow for these super-premium units.
Sahi baat hai yaar, luxury market ki news sunke toh darr lagta hai. Hamara budget toh middle-class hai, pata nahi kahan ghar milega.
Wow, Bengaluru luxury market is booming! 52% increase sounds huge. But for first-time buyers like us, does 'luxury' mean we're priced out even more? I'm looking for a 2BHK and feeling the pinch already. Any affordable pockets left in these 'luxury corridors'?
U1, totally feel you! 'Luxury corridor' sounds fancy but usually means 'out of reach' for us. I heard some projects near Agrahara Layout are trying to offer smaller units, but even those are crossing 1 Cr easily. What's the point of growth if it's not inclusive for people like us?