Birla Estates sold out phase 1 of Birla Trimaya within 36 hours of the launch, booking sales of 556 units. The aggregate booking amount was Rs 500 crore
The residential real estate sector in India has experienced a rebound, with high demand and sales volume reaching its second-highest point in nearly a decade during H1 2023. Bengaluru and Mumbai saw sales nearing decade-high levels, with an increase in demand for homes costing Rs 1 crore and above. The influx of MNCs to Bengaluru s tech hub is expected to impact potential new developments in the residential segment.
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The area, which started as an industrial area about two decades back, has been seeing an influx of luxury and mid-segment projects with real estate appreciation of more than 20 percent.