During the H1 period, new housing project launches increased 4% to 34,749 units
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City’s residential market maintained healthy momentum with 27,968 housing units sold during the first half of calendar 2026, registering a 5% year-on-year increase, reported Knight Frank India, the Indian arm of UK-based property advisory firm.During H1 period, new housing projects launches increased 4% to 34,749 units. Also, residential prices continued their upward trajectory, increasing 9% YoY to an average of ₹9,354 per sq ft, reflecting healthy absorption and a continued shift towards higher-value homes, the firm reported.Resilient demandAlthough the market witnessed some moderation following the decadal high performance of 2025, demand remained resilient, supported by the city’s expanding employment base, continued infrastructure investments and sustained demand for premium housing, it noted.Knight Frank further said, the resilience of Bengaluru’s residential market continues to be closely linked to the City’s expanding economic base. As multinational companies deepen their presence and high-value employment continues to grow, housing demand has remained healthy despite rising prices and affordability pressures, it further said.Office spaceThe city witnessed an overall office transactions of 14.1 mn sq.ft. in the first half of calendar 2026, the highest in the country. New office completions in the City surged to 10.4 mn sq.ft., marking a significant increase as several delayed Grade A developments were completed in the first half of the year.This healthy demand environment also supported rental growth across premium office locations, with average transacted rents increasing 8% YoY to ₹102 per sq.ft. per month, according to Knight Frank India’s latest report.GCC-led office space leasingThe City continues to reinforce its position as the country’s premier destination for Global Capability Centers (GCCs), recording 8.5 mn sq. ft. of GCC-led office space leasing in H1 2026, the highest among all cities. GCCs accounted for 60% of the city’s total office transactions. Beyond traditional technology occupiers, artificial intelligence (AI) is emerging as a key demand driver for Bengaluru’s office market.Rahil Gibran, Executive Director, Occupier Strategy and Solutions, Bengaluru, Knight Frank India, said, “Bengaluru’s office market continues to demonstrate exceptional resilience despite global economic uncertainties. The city’s ability to consistently attract Global Capability Centre investments reflects its enduring competitive advantages, including a highly skilled talent pool, a mature technology ecosystem and world-class office infrastructure.’’ Published - July 10, 2026 10:42 pm IST
