
The sale of residential units in Bengaluru has surged, with the overall sales value reaching Rs 38,517 crore for the first nine months of 2023, a 42% increase compared to the same period in 2022. This indicates a rise in real estate prices in the city. The demand for luxury homes has also seen an uptick, while the demand for affordable housing remains low. The industry expects further growth in the last quarter of the year, with an estimated sales of 16,000-20,000 housing units.
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