
Bengaluru house prices: Karnataka capital Bengaluru saw highest increase in house prices in the last five years. According to a report by 1 Finance in the last five years Bengaluru house prices have surged by a whopping 79% which is higher than Indias four big metro cities-- Mumbai Kolkata Chennai and national capital Delhi-NCR. Bengaluru house prices As per the report Bengaluru and Delhi-NCR are the only two major Indian cities where the number of unsold houses has decreased in the last five years indicating that the demand for homes in these cities is very high and house sales are booming amid rising prices. The report noted that Bengaluru has emerged as Indias primary IT-hub and is home to the India operations of major global tech giants as well as high-value Indian IT startups. The city offers some of the highest-paying tech jobs in the country and is home to more than 10 lakh well-paid tech professionals due to which the the demand of homes has increased and prices are surging at a rapid pace. What are the current Bengaluru house prices? As mentioned earlier Bengaluru house prices have increased by a whopping 79% in the last five years and at present homes are being sold in the city at an average of Rs 10349 per square feet. As per the report house prices in Kolkata have the witnessed the highest increase after Mumbai with the West Bengal capital witnessing a 61% surge in the last five years. Meanwhile over the same duration the number of unsold homes in Hyderabad increased by 177% even as the price per square feet increased by 43% but Mumbai remains at top in terms of expensive real estate prices. The house prices in Delhi-NCR has increased by 47 percent 45 percent in Pune 43 percent in Hyderabad and 42 percent in Mumbai during the same period the report said. Mumbai remains hub of expensive properties Notably while Bengaluru tops in terms of rising house price Mumbai retains its title as the hub of expensive properties in India with homes being sold at Rs 26975. Mumbai is followed by Delhi-NCR where home prices average Rs 23378 per square feet.
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