Surge in Bengaluru’s Villa Market
Villa prices in Bengaluru’s outskirts now rival those in some US cities despite India’s lower income levels, infrastructure gaps, and different tax structure, say netizens.
Real estate experts say prices have risen by 10–15% over the past year, driven by a surge in demand and limited inventory. Areas like the Whitefield periphery and North Bengaluru’s Hebbal are witnessing heightened interest from NRIs and end-users.
Changing Preferences Post Pandemic
Experts say the pandemic widened the appeal of villas, attracting buyers across both luxury and affordable segments. Villas offer the advantage of owning not just the home but also the land it stands on.
“Driving this growth is a mix of factors, including a strong appetite from returning NRIs seeking spacious, gated living; a shift in buyer preferences post-pandemic towards low-density, high-privacy homes,” said Manjesh Rao of BlueBroker.
Lifestyle Shift Towards Villas
Post-COVID, people have reassessed what they truly need in a home. There’s now a clear shift towards larger spaces that not only offer room inside the house but also a sense of ownership over outdoor areas. Villas offer lawns, private spaces, and luxury features like private pools, things that apartments often can’t provide.
Infrastructure and Development
Infrastructure development in the outskirts is still a work in progress, but it has little impact on investor interest. Buyers are drawn to the spacious, well-designed communities with a better quality of life offered by villas.
Financial Considerations
While entry-level villa prices in the U. S. are still higher, Indian villas remain relatively more affordable. However, the cost of borrowing is significantly steeper in India, impacting the overall affordability of villas compared to the US.
Overall, the surge in Bengaluru’s villa market reflects a shift in buyer preferences towards spacious, luxury living spaces, driving prices upward despite economic challenges.
