Bengaluru witnessed sales of 27,968 homes in the first half of 2026, a 5% year-on-year growth

During the first half of the year, the number of new housing projects increased by 4% to 34,749 units | Photo Credit: Photo File

The city’s residential market maintained a healthy momentum with 27,968 residential units sold during the first half of calendar year 2026, registering a 5% year-on-year growth, said Knight Frank India, the Indian arm of the British real estate consultancy firm.

During the first half of the year, the number of new housing projects increased by 4% to 34,749 units. Residential property prices also continued their upward trajectory, rising 9% year-on-year to an average of ₹ 9,354 per sq ft, reflecting healthy absorption and a continued shift towards higher value homes, the firm said.

Resilient demand

Although the market saw some moderation after a decade of high performance in 2025, demand remained resilient, supported by the city’s expanding employment base, continued infrastructure investment and continued demand for premium housing.

Knight Frank further said that the resilience of Bengaluru’s residential market continues to be closely linked to the city’s expanding economic base. As multinationals deepen their presence and high-value employment continues to grow, demand for housing has remained healthy despite rising prices and affordability pressures, he added.

Office premises

The city witnessed total office transactions of 14.1 million square feet. in the first half of calendar year 2026, the highest in the country. New office completions in the city rose to 10.4m sq ft, a significant increase as several delayed Grade A projects were completed in the first half of the year.

This healthy demand environment also supported rent growth in premium office locations, with average transaction rents up 8% year-on-year to ₹102 per sq ft. per month, according to the latest Knight Frank India report.

Lease of office space under the management of GCC

The city continues to strengthen its position as the leading destination for Global Capacity Centers (GCC) in the country, recording 8.5 million sq ft of GCC-led office leasing in 1H2026, the most of any city. GCCs accounted for 60% of the total office transactions in the city. Apart from traditional technology occupiers, artificial intelligence (AI) is emerging as a key driver of demand in the Bengaluru office market.

Rahil Gibran, Managing Director, Occupier Strategy and Solutions, Bengaluru, Knight Frank India, said: “Bengaluru’s office market continues to show exceptional resilience despite global economic uncertainty. The city’s ability to consistently attract Global Capability Center investment reflects its enduring competitive advantages, including highly skilled talent, a mature technology ecosystem and world-class office infrastructure.”

Published – 10 Jul 2026 22:42 IST