Ramachandra CH, joint secretary, Confederation of Real Estate Developers’ Associations of India (Credai) national chapter, told TOI: “Demand remains strong because money flow from industrial and infrastructure growth eventually moves into housing. However, project timelines of 4-6 can still be affected by factors such as worker shortages, market conditions and delays in utilities and approvals.”He added growth is driven by connectivity – like ORR in Bengaluru, Hyderabad, and Mumbai – and rising demand from Tier-2 and Tier-3 cities. Bhaskar T Nagendrappa, president, Credai-Karnataka chapter, said the strong position is driven by Bengaluru’s tech ecosystem, favourable weather and strong connectivity. “While Bengaluru remains the largest apartment market, tier-2 cities such as Mangaluru, Mysuru, Kalaburagi, and Belagavi are also seeing growing acceptance of apartment living, even as plotted developments dominate elsewhere. Post Covid, buyers are clearly opting for slightly larger homes,” he said.Builder associations said across India, residential real estate growth is driven largely by urbanisation, employment generation, and rising purchasing capacity.“Maharashtra – beyond Mumbai, Thane and Pune – shows strong demand, and Karnataka is seeing a similar trend in Mysuru and Mangaluru. The state must boost employment in these cities, as apartment living is now common in smaller urban centres,” Ramachandra said.
