Average Price: As of December 2024, the average residential property price in Bengaluru stood at ₹9,932 per square foot, encompassing a range of localities from suburban areas to prime tech hubs. 1 Finance
Price Surge: Over the past five years, property prices in Bengaluru have increased by approximately 57%, indicating strong capital appreciation. Bangalore Mirror
High-Demand Areas: Localities like Whitefield, Sarjapur Road, and Bagalur have experienced significant price hikes, with Whitefield seeing an 80% increase and Bagalur a 94% rise from 2019 to mid-2024. City Guide Page
Market Activity: In Q2 2024, Bengaluru recorded 28,356 property transactions, a 19% increase from the previous quarter, with a 30% surge in sales value, totaling ₹19,631 crore. ET Now
Luxury Segment Growth: Mangaluru's real estate market is witnessing a shift towards luxury housing, with high-net-worth individuals seeking properties offering wellness-oriented and high-tech features. The Times of India+1Reuters+1
Price Increase: The per-square-foot rate for luxury apartments has risen from ₹5,000 to ₹8,000, reflecting sustained demand and a preference for larger home sizes and fewer units per floor. The Times of India
Bengaluru: The city's real estate market remains robust, with significant price appreciation in key areas and continued high demand, particularly in the luxury segment.
Mangaluru: The coastal city's market is evolving, with increasing interest in luxury properties offering modern amenities and prime locations.
Investment Opportunities: Both cities present promising opportunities for real estate investment, with Bengaluru offering established growth and Mangaluru emerging as a luxury destination.