Bengaluru's ₹10 cr+ luxury home sales cross ₹1,000 cr for the first time, led by CXOs, startup founders

For the first time, Bengaluru’s ₹10 crore and above luxury real estate market has crossed the ₹1,000 crore mark in annual sales, driven by rising demand from startup founders, CXOs, global Indians, and high net worth individuals (HNIs). These buyers are increasingly investing in "aspirational assets" that offer exclusivity, premium locations, and a superior quality of life, fueling demand in areas like Hebbal, Domlur, Sudhamnagar, and Bommanahalli.

Backed by a thriving tech economy, rapid infrastructure upgrades, and evolving lifestyle ambitions, Bengaluru witnessed 42% of its total ₹10 crore+ luxury home sales over the past four years in FY25 alone, according to a joint report by India Sotheby’s International Realty and CRE Matrix.

Hebbal led the charge in FY25, accounting for 22% of total luxury sales value among the city’s high-end markets. There is a growing appetite for spacious, high-end living in India’s Silicon Valley, particularly for apartments sized between 5,000-7,000 sq. ft., signalling heightened interest from white-collar professionals and business leaders.

"Discerning buyers, especially CXOs, startup founders, and global Indians, are investing not just in a home, but in a lifestyle," says Ashwin Chadha, CEO, India Sotheby’s International Realty. "The demand today is driven as much by aspiration as by strategic asset allocation. What’s equally encouraging is the rise of new luxury hubs across the city. That said, Bengaluru’s infrastructure must keep pace with this rapid evolution."

Looking ahead, stakeholders expect demand for luxury housing to rise steadily. "We foresee more sustainable appreciation in prices as the market matures and becomes more quality-conscious,” Chadha adds.

The current milestone, says Abhishek Kiran Gupta, CEO & Co-founder of CRE Matrix, is proof that demand for luxury housing is "going through the roof". "HNIs and startup founders are leading the charge. It’s not just the usual hotspots. This year alone, we’ve seen six new micro-markets where ultra-luxury apartments are flying off the shelves. It’s a huge shift from the old-school areas, showing how fast the market is evolving. We’re witnessing a whole new wave of demand.”

Bengaluru’s growth mirrors trends in India’s top seven cities, where luxury housing recorded a nearly 28% year-on-year growth in Q1 2025. According to CBRE South Asia, 1,930 luxury units (priced ₹4 crore and above) were sold in Q1, up from 1,510 units in Q1 2024.

Delhi-NCR led the pack with 49% of luxury sales (around 950 units), followed by Mumbai at 23%. Bengaluru saw the most dramatic growth in the ₹4 crore+ segment, scaling from just 20 units in Q1 2024 to 190 units in Q1 2025.

Bengaluru also led in the affordable housing recovery, with a 51% drop in unsold stock in Q1 2025, followed by Chennai at 44%.

However, surging residential prices and geopolitical headwinds have slowed the broader housing market. Across all segments, Q1 2025 saw a 28% YoY drop in sales across the top 7 cities, with 93,280 units sold versus 1.30 lakh in Q1 2024.