<p>Bengaluru: Though Bengaluru has traditionally had an end-user driven residential realty market, the latest report by property consultancy Knight Frank shows that the city now leads India in investment-driven purchases. About 40% of buyers in the city view real estate as a financial asset, higher than the pan-India average of 25%, according to the survey-based report out on Wednesday.</p>.<p>Across India, upgrading to a better home is the leading driver for 37% of homebuyers, followed by first-time purchases for end-use at 32%. A section of buyers in Bengaluru (11%) and Hyderabad (11%) also purchase properties for other reasons, such as retirement or acquiring second homes.</p>.<p>Looking at the stage of purchase, under-construction properties continue to be the favoured buying stage for 67% of buyers across India. This trend is primarily driven by new projects with contemporary amenities, lack of ready possession homes, lower entry prices, and confidence in developers. The preference is particularly strong in Pune (81%), Ahmedabad (79%), Hyderabad (78%), Chennai (73%), and Bengaluru (71%).</p>.Karnataka govt likely to reserve land for EV charging infra.<p>In contrast, only 14% of buyers prefer pre-launch purchases, often associated with higher risks and uncertainties. Ready-to-move-in homes are the choice for 17% of respondents, indicating demand among those seeking immediate occupancy and avoiding GST obligations. Resale properties remain the least preferred, with only 2% interest.</p>.<p>It is noteworthy that even with the luxury housing boom, a large majority of buyers (79%) across India rely on home loans or mortgages to fund their purchases.</p>.<p>Kolkata (96%) and the Mumbai Metropolitan Region (95%) reported the highest reliance on home loans. NCR had India’s lowest number with 53% buyers opting for mortgages, still showing a clear majority. Bengaluru also reported a relatively lower mortgage reliance at 67%.</p>
<p>Bengaluru: Though Bengaluru has traditionally had an end-user driven residential realty market, the latest report by property consultancy Knight Frank shows that the city now leads India in investment-driven purchases. About 40% of buyers in the city view real estate as a financial asset, higher than the pan-India average of 25%, according to the survey-based report out on Wednesday.</p>.<p>Across India, upgrading to a better home is the leading driver for 37% of homebuyers, followed by first-time purchases for end-use at 32%. A section of buyers in Bengaluru (11%) and Hyderabad (11%) also purchase properties for other reasons, such as retirement or acquiring second homes.</p>.<p>Looking at the stage of purchase, under-construction properties continue to be the favoured buying stage for 67% of buyers across India. This trend is primarily driven by new projects with contemporary amenities, lack of ready possession homes, lower entry prices, and confidence in developers. The preference is particularly strong in Pune (81%), Ahmedabad (79%), Hyderabad (78%), Chennai (73%), and Bengaluru (71%).</p>.Karnataka govt likely to reserve land for EV charging infra.<p>In contrast, only 14% of buyers prefer pre-launch purchases, often associated with higher risks and uncertainties. Ready-to-move-in homes are the choice for 17% of respondents, indicating demand among those seeking immediate occupancy and avoiding GST obligations. Resale properties remain the least preferred, with only 2% interest.</p>.<p>It is noteworthy that even with the luxury housing boom, a large majority of buyers (79%) across India rely on home loans or mortgages to fund their purchases.</p>.<p>Kolkata (96%) and the Mumbai Metropolitan Region (95%) reported the highest reliance on home loans. NCR had India’s lowest number with 53% buyers opting for mortgages, still showing a clear majority. Bengaluru also reported a relatively lower mortgage reliance at 67%.</p>
