US NRIs Lead Bengaluru Real Estate Sales: Preference for 2 and 3 BHK Units

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    Non-resident Indians (NRIs) from the US are dominating real estate sales in Bengaluru, making up about 15% of all housing transactions in the city. These NRIs, along with those from Singapore, United Arab Emirates (UAE), Australia, and Saudi Arabia, show a strong preference for investing in 2 and 3 BHK (bedroom, hall, kitchen) units.

    The US leads in demand and transactions compared to other countries, followed by Singapore, UAE, Australia, and Saudi Arabia. North Bengaluru is the top choice for NRI investments, followed by East Bengaluru, South Bengaluru, West Bengaluru, and Central Bengaluru.

    In North Bengaluru, nearly 40% of NRIs invest, while in the East and South, it’s 38% and 18%, respectively. The average investment size is around ₹1.1 crore in North Bengaluru, ₹1.51 crore in East Bengaluru, and ₹1.13 crore in South Bengaluru.

    Micro-locations like Sarjapur, Varthur, Gunjur, and Whitefield are popular in the East, while areas towards Devanahalli and Hebbal are favored in the North. NRIs primarily opt for 2 and 3 BHK apartments, which make up 78% of sales, with 2 BHKs accounting for 41% and 3 BHKs for 37%.

    These buyers, mostly working professionals, seek properties with good rental incomes and future appreciation. They prefer projects from reputable Grade A developers and often seek additional services like property management and legal assistance to facilitate transactions.

    NRI buyers contribute to approximately 15% of overall housing sales in Bengaluru, with the highest demand from Gulf countries, followed by Europe, the US, and Australia. They typically prefer larger homes and gated communities with amenities and security features. NRIs often make bookings through GCC offices, trade expos abroad, or during holiday visits to Bengaluru.

    Also read: Proposal to Require Homeowners to Pay Extra for Registering Flats in Noida

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