Over the last 25 years, Bengaluru s property market has shown remarkable resilience and growth in all sectors. Pre-pandemic residential sales averaged Rs 10,000 crore per quarter, expected to double soon. Emphasizing quality over return on investment, Bengaluru s market stands out from Mumbai. The city has excelled in residential, commercial, and office spaces, contributing significantly to sales and absorption. Bengaluru remains a prime choice for multinational companies due to government support and rapid clearances. With rates showing a 35-65% rise in different segments over three years, suburbs now offer self-sustained living akin to the city center.
DKS plans to rename Ramanagara district as B luru South
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Housing rents fall 10-15% in Karnataka; many tenants yet to return | Bengaluru News
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Last week the Elon Musk-founded company,
Tesla India Motors and Energy Private Limited, made its entry into India, with its office on Lavelle Road, Bengaluru. Tesla’s office is the same address as where fugitive diamantaire Nirav Modi’s
jewellery boutique store once stood.
Lavelle Road, and the city’s Central Business District (
CBD), have been a coveted address for many iconic automobile and motorcycle brands like
Ducati,
Lamborghini and
Harley Davidson. But very quickly, these brands have either shut shop or moved to new locations. Will Tesla be jinxed by its address?
Rahul Arora, Managing Director, Bengaluru, Head, Markets, Jones Lang Laselle, a global real estate services firm specialising in commercial property, disagrees. “Tesla is opening an engineering centre, they are not opening a showroom to sell cars. Ducati and Lamborghini had showrooms. Not all international automobile showrooms that have opened in the CBD have shut down. The