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Home prices in Bengaluru and Hyderabad’s IT hubs have surged up to 90% in the last five years.
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The growing demand for Indian IT services and professionals has driven the demand for new homes in these cities.
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Bengaluru’s Bagaluru suburb has seen the steepest hike in average home prices, with a 90% increase between 2019 and mid-2024.
The real estate markets in Bengaluru and Hyderabad are experiencing a significant boom, driven by the growing demand for Indian IT services and professionals. Home prices in these cities have surged up to 90% in the last five years, with Bengaluru’s Bagaluru suburb seeing the steepest hike. The area has witnessed a 90% increase in average home prices between 2019 and mid-2024, driven by improved connectivity and demand for larger homes.
Hyderabad’s Kokapet has also seen a significant surge in home prices, with an 89% increase since 2019. The area has become a sought-after location due to its commercial and residential hub, including a special economic zone. Whitefield in Bengaluru has also recorded an 80% rise in home prices over the last five years.
The growth in home prices is attributed to the accelerated demand for housing after the pandemic, particularly over the last two years. According to experts, the top seven cities collectively saw over 44% price appreciation in the last five years, with Hyderabad recording the highest jump of 64% between 2019 and H1 2024.
