Bengaluru Home Sales Hit Record Highs As Affordable Units Vanish
· India · deccanherald, Deccan Herald
Bengaluru is recording its strongest-ever home sales, yet affordable housing stock is shrinking fast as developers pivot toward premium and luxury projects. Rising land costs in the city's periphery, combined with demand from IT and startup-sector buyers, have pushed builders toward higher-margin properties. Affordable units, typically priced under ₹40-50 lakh, now make up a far smaller share of new launches than they did five years ago. Industry trackers say first-time buyers are being pushed to peripheral suburbs or out of the market entirely. The Karnataka government has signalled it may revisit incentives for budget housing, but no specific policy has been announced.
Why it matters
First-time homebuyers, middle-income salaried workers, and migrant families arriving in Bengaluru for IT and startup jobs face shrinking affordable options and rising rents. Developers are chasing higher margins, widening the gap between premium demand and budget supply in India's tech capital.
Read the original report — deccanherald
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