Recent reports suggest that key areas like Sarjapur, North Bangalore, and Whitefield are experiencing a surge in real estate demand. The expanding metro network has significantly contributed to the accessibility and attractiveness of these regions. This trend is likely to continue as Bangalore's metro network expands further. A substantial 35% express the desire to invest in property, citing the security it provides, while 30% consider purchasing due to the escalating costs of rentals. Additionally, 26% are drawn to property ownership for its affordability, 5% are motivated by savings accumulated during the pandemic, and 4% intend to buy property in anticipation of marriage, as per the latest report.

Bangalore's real estate market is witnessing substantial interest from Non-Resident Indians (NRIs). According to the study, 57% of NRI property buyers express a keen interest in Bangalore's real estate market. The reasons cited range from rental yield to the continued depreciation of the Indian rupee, making property investments in Bangalore an attractive proposition.

When compared to Delhi and Mumbai, Bangalore stands out as a top contender in the real estate market. The city's robust IT sector, booming biotech industry, and aerospace developments contribute to its status as one of the top markets in the Asia-Pacific region.

In Bengaluru a striking 42% of prospective buyers express a keen interest in purchasing a house due to the exorbitant rise in rental costs. This percentage surpasses the figures observed in other major cities, with 31% in Chennai, 24% in Delhi-NCR, 33% in Hyderabad, 27% in Mumbai, and 17% in Pune.

With the gap between rents and equated monthly installments (EMIs) narrowing, a significant shift is observed in people's preferences. As reported by The Hindustan Times, as many as 65% of individuals across the country are inclined to buy property in 2024. The reasons include the security offered by property ownership, affordability, and the desire to escape rising rental costs.

The preference for luxury residences is on the rise, particularly in the mid-segment category. The percentage of sales in this category grew from 35% in H1 2022 to 38% in H1 2023, indicating a shifting trend towards more upscale living.

The introduction of the Real Estate (Regulation and Development) Act (RERA) has brought about significant changes in the real estate landscape. RERA ensures protection, accountability, transparency, and regulation in the sector. This has created a more secure environment for homebuyers, eliminating unfair practices and hidden costs.

In the first half of the fiscal year 2024, the average monthly office rental value in Bengaluru has reached Rs 90 per square foot, exhibiting a notable increase from Rs 84 per square foot recorded in H1FY23. This upward trajectory reflects a consistent 7% annual growth in the city's commercial real estate sector.

In conclusion, Bangalore's real estate market is not just thriving but evolving with the times. The city's growth in various sectors, combined with regulatory reforms and changing preferences, paints a promising picture for those looking to invest in the Garden City's real estate.