Bengaluru, March 15 -- The Bengaluru residential market demonstrated strong resilience in 2024, with home sales increasing 10% year-on-year to 48,272 units despite a 12% appreciation in average property values, shows a new report by PropTiger.com, a leading digital real estate transaction and advisory platform.

According to the report titled 'Real Insight: Residential Annual Round-up 2024',new launches in Bengaluru grew by 8% YoY to 51,693 units in 2024, indicating developers' confidence in the market. Average property prices in the city on the other hand rose to INR 7,536 per sqft in Q4 2024 from INR 6,744 per sqft in the same period last year.

Despite this positive momentum, sales activity saw some moderation in the October-December q...