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For the first time, luxury homes priced at Rs 100 Mn and above in Bengaluru crossed Rs 10 Bn in annual sales during FY 2024鈥�25, according to a joint report by India Sotheby鈥檚 International Realty and real estate analytics firm CRE Matrix. The city accounted for forty-two per cent of India鈥檚 luxury home sales in this price segment over the past four years, with FY25 contributing the most. The trend is attributed to a booming tech sector, improved infrastructure, and growing aspirations of urban buyers. Hebbal led the ultra-luxury category with twenty-two per cent of total sales value. Other emerging hotspots include Domlur, Sudhamnagar and Bomanhalli, signalling a shift from traditional enclaves to new micro-markets. Buyers are increasingly drawn to large apartments between five thousand and seven thousand square feet. The report highlights that startup founders, CXOs, and global Indians are actively investing in such properties for their exclusivity and lifestyle value. Industry leaders say this shift reflects a broader trend of strategic asset allocation. However, they stress that the city鈥檚 infrastructure must evolve to support the growing demand in new luxury corridors. Source: Hindustan Times