Bengaluru’s property prices are set to rise significantly from October 1st, with guidance values expected to increase by 20-30%, and possibly up to 50% in dense IT corridors.
The long-overdue revision comes after five years of stagnant guidance values, reflecting market discrepancies where actual property rates can be 500 times higher than the existing values.
This move not only aims to align valuations with market realities but also serves as a revenue generation strategy, potentially impacting property owners, investors, and the entire Bengaluru real estate landscape.
