Bengaluru’s property market is steadily changing, and the most popular price range among purchasers is now ₹2–3 crore. Jagadish Nangineni, Managing Director of Sobha Ltd., claims that this mid-luxury market has emerged as the city’s new “sweet spot,” mostly due to real end-user demand rather than speculative investment.
Homes priced between ₹2 crore and ₹3 crore accounted for more than 70% of Sobha’s Bengaluru sales during the second quarter of FY26. Strong buyer interest in projects like South Bengaluru’s Sobha Townpark reflects a growing need for residences that mix long-term value, excellent connectivity, and premium quality. This pattern demonstrates how the next stage of Bengaluru’s residential market is being shaped by affordability combined with improved living conditions.
According to Nangineni, the city’s housing market is about to enter an equilibrium phase, in which supply and demand are roughly in balance. Instead of sharp increases, future price growth is anticipated to stay steady and more in line with inflation. End customers are primarily interested in larger, master-planned projects with reliable infrastructure and prompt delivery. The reorganization of the Bruhat Bengaluru Mahanagara Palike (BBMP) into the Greater Bengaluru Authority (GBA) has eliminated the previous delays in project approvals, which has helped to rebuild developer and buyer confidence.
In the first half of FY26, Sobha Ltd. had revenues of ₹3,981 crore, a 30% increase from the previous year. Bengaluru was the company’s largest market, accounting for roughly 48% of this total. With some new projects slated to begin in the next quarter, Sobha’s development pipeline currently covers roughly 15.96 million square feet across nine locations.
According to industry insiders, Bengaluru’s real estate market would remain dominated in the near future by the ₹2–3 crore segment. This mid-luxury price range is anticipated to fuel steady expansion in the city’s housing industry due to steady end-user demand, stable pricing patterns, and developing infrastructure. Bengaluru is still one of India’s most robust and alluring real estate markets, drawing in families and professionals looking for long-term value and comfortable living.
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