NRIs account for nearly 15% of housing sales in Bengaluru

40% of them investing in properties in North Bengaluru

2BHK and 3BHK apartments remain robust with 78% of total sales

Non-resident Indians (NRIs), predominantly from the United States, are driving a significant surge in real estate sales in Bengaluru, with a particular preference for 2BHK and 3BHK housing units, according to data shared by real estate platform Nobroker.

NRIs account for nearly 15% of housing sales in Bengaluru, with approximately 40% of them investing in properties in North Bengaluru. The demand for 2BHK and 3BHK apartments remains robust, comprising 78% of total sales in the city.

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Among the NRI investors, those from the US exhibit the highest demand, followed by NRIs from Singapore, the United Arab Emirates, Australia, and Saudi Arabia. The US leads by a significant margin in terms of both demand and transaction volume.

The preferred micro-locations for investments vary across the city. In North Bengaluru, areas towards Devanahalli and Hebbal are favoured, while Sarjapur, Varthur, Gunjur, and Whitefield are popular in the East.

NRIs are primarily attracted to Bengaluru’s real estate market due to investment opportunities offering good rental incomes and future appreciation. They tend to gravitate towards projects developed by reputed Grade A developers.

Additionally, NRIs actively seek services such as property management and legal assistance to facilitate their transactions. The contribution of NRIs to the overall real estate business in Bengaluru ranges from 12% to 15%.

Overall, NRIs play a substantial role in shaping the real estate landscape of Bengaluru, with their preferences influencing investment trends and market dynamics.