Housing sales in Bengaluru rose one per cent in the April-June period to 15,285 units despite an eight per cent appreciation in average prices, according to Anarock.

The housing sales in Bengaluru, a key residential and commercial real estate market, stood at 15,120 units in the year-ago period.

New home supply or launches rose 41 per cent to 21,670 units in April-June from 15,345 units in the corresponding period of the preceding year.

According to the latest report by real estate consultant Anarock, the total sales of residential properties across seven cities fell six per cent to 90,715 units during April-June this year from 96,285 units in the year-ago period amid global uncertainties.

These seven cities are Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Bengaluru, Hyderabad, Chennai and Kolkata.

However, Bengaluru bucked the overall trend and its housing market remained active with developers launching new projects. About 96 per cent of the new supply was in the premium and luxury segments (Rs 80 lakh onwards), the Anarock data suggested.

The higher launches helped in sustaining the demand in the primary housing market.

As a result of higher supply, the unsold inventory in Bengaluru rose to 79,180 units at the end of the June quarter.

Anarock Chairman Anuj Puri said the sales growth now is in premium housing, GCC-led employment hubs, and infrastructure-driven corridors.

Bengaluru-based realty firm Sattva Group VP- Strategy Shivam Agarwal said the increasing demand for Grade A residential developments reflects the evolving aspirations of Bengaluru’s homebuyers and the city’s strong, genuine end-user demand. The strong demand in the city is backed by sustained employment growth, a thriving technology and GCC ecosystem, and continued infrastructure development, Agarwal added.

Ramani Sastri, CMD of Sterling Developers, said the city’s residential market is increasingly being shaped by rapid urbanisation, thriving employment, connectivity, infrastructure expansion, cosmopolitan appeal, high rental yields and evolving lifestyle expectations.