Bengaluru continues to attract non-resident Indian buyers, who account for nearly 15% of total housing sales in the city. The demand for real estate in the IT capital is primarily by NRIs from the United States, Singapore, the UAE, Australia, and Saudi Arabia, with the majority preferring to invest in 2 and 3BHK units.
Regarding requests and transactions, the United States has far outpaced other countries. According to No Broker data, demand has also increased from NRIs in Singapore, the United Arab Emirates, Australia, and Saudi Arabia.
Preferred Investment Options in Bengaluru
The most popular investment options are 2 and 3 BHK apartments, accounting for 78% of sales.
North Bengaluru was the most popular investment destination for NRIs, accounting for nearly 39.7%, followed by East Bengaluru (37.7%), South Bengaluru (18.1%), West Bengaluru (3.9%), and Central Bengaluru (18.1%).
The North has the highest traction of NRI buyers, accounting for nearly 40% of sales, followed by the East (38%), and the South (18%). According to Saurabh Garg, co-founder and chief business officer at Nobroker, the average ticket size varies by region: Rs 1.1 crore in the North, Rs 1.51 crore in the East, and Rs 1.13 crore in the South.
Sarjapur, Varthpur, Gunjur, and Whitefield are the most popular micro-locations in the East, while the Devanahali and Hebbal micro-markets are in the North.
The most popular investment options are 2 and 3 BHK apartments, accounting for 78% of sales. According to the data, 2 BHK units account for 41%, 3 BHK units for 37%, and plots and 4 BHK/duplex/ villas contribute 9% each.
These buyers are primarily working professionals looking for investment properties with high rental income and potential for future appreciation. NRI buyers prefer projects with no premiums, but they will only invest or buy from reputable Grade A developers.
According to Garg, NRI buyers actively seek other services, such as management and legal assistance, to smooth their property transactions.
NRIs account for 15% of the housing sales in Bengaluru.
Concorde’s chairman, Nesara B S, says NRI buyers account for nearly 15% of, their total sales. “This has risen in the past two years. Previously, this stood at 10%. The highest demand comes from the Gulf countries, followed by the Indian diaspora in Europe, the United States, and Australia. Most of them are three-bedroom apartments and villas,” he said.
While NRIs prefer to invest 2, 3, and 4BHKs. They typically target the higher end of the spectrum. In terms of sales, NRI contributions would be around 15% year on year. “The majority of our bookings are either through our GCC office or through trade expos that take place abroad. We occasionally receive inquiries when they visit Bengaluru on vacation,” said Viswa Prthap Desu, COO of Residential, Brigade Group.
Puravankara’s business is also heavily influenced by NRIs, who prefer larger homes, and gated communities that prioritize amenities, security, and property management services. NRI contributions to our overall business range between 12 and 15%, and we are seeing increased traction in markets such as the GCC, the United States (both East and West Coast), Southeast Asia, and Europe (including the United Kingdom),” said Abhishek Kapoor, Group CEO of Puravankara Ltd.