Bangalore in the Spotlight

Key Insights from GRI Club’s “Next Stop Bangalore’s Real Estate” Forum

April 23, 2024Real Estate
Written by Isabella Toledo

Over the past decade, India's urban landscape has witnessed unprecedented growth, fueled by rapid urbanisation, demographic shifts, and government initiatives. However, challenges such as regulatory complexities, liquidity constraints, and market fluctuations remain prevalent within the sector.

The commercial real estate sector in Bangalore is currently experiencing a transformative phase, driven by a complex interplay of investor preferences, workspace trends, and market dynamics. Despite facing challenges, there is a prevailing sense of optimism regarding its growth trajectory, supported by favourable macroeconomic indicators and robust investor interest.

Remarkable growth has been witnessed in the residential sector as well, with turnover for 11 listed players reaching 1 lakh crore in FY24, compared to 25,000 crores four years ago. Accompanied by robust absorption rates and increased supply, prices have surged by 30% to 40%.

GRI Club India recently convened a meeting with industry leaders to discuss pivotal topics in both Commercial and Residential Real Estate, including challenges like rental yields, rising costs, shifting consumer preferences, and rapid technological advancements.