Bengaluru—not Mumbai— is the king of India’s real estate market

In 2009, at least five cities were ahead of Bengaluru—India’s technology heartland—on the list of the country’s top real estate markets.

Not anymore.

A survey by property data company, PropEquity, has found that the southern Indian city is now the country’s leading real estate destination, beating Mumbai, Pune, Thane, Noida and Chennai, which were ahead of it six years ago.

The lists are based on PropEquity’s study of the cost, sale and delivery of 21,000 projects across 14 cities. Delhi was excluded because its supply of new homes has been both “sporadic and insignificant,” the report said.

Mumbai, which was ranked the most attractive market in 2009, saw a fall of seven notches, and now stands eighth. And Delhi’s suburbs—Gurgaon, Noida, Ghaziabad, Greater Noida and Faridabad—remain the worst for investing in new houses.

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