How Bengaluru’s Property Market Stacks Up Against London and New York
Bengaluru grows fast as tech and finance push urban trends.
People call it the “Silicon Valley of India.”
This lively city now compares with London and New York.
We review property costs, returns, and demand.
NRIs may find good reasons to invest here.
Rising Property Prices in Bengaluru
Bengaluru’s property prices rise fast.
On the outskirts, a three-bedroom apartment costs ₹2–2.5 crores (about $240,000–$300,000 USD).
In New York, a one-bedroom flat in Queens costs $300,000–$400,000 USD.
In London, a similar home in Croydon starts at about £250,000 ($315,000 USD).
A 2024 report shows that home prices in Bengaluru average ₹8,151 per square foot.
London homes cost £700–£1,000 per square foot ($9,000–$13,000 USD).
In Manhattan, prices pass $1,500 per square foot.
Bengaluru still gives good value as prices grow.
Market Trends and Demand Dynamics
Stats show strong real estate growth in Bengaluru.
JLL’s Q1 2024 report notes a 30% rise in home sales.
The report recorded 16,995 units sold in one year.
This puts Bengaluru ahead among Indian cities.
In five years, Bengaluru used 70.2 million square feet of commercial space.
This area is larger than the total in London, New York, Singapore, Beijing, and Hong Kong (69.3 million square feet).
People come for tech jobs and need homes.
Demand for property grows fast.
NRI Investment Returns: What to Expect
Investors watch for strong returns.
Bengaluru apartments yield 3%–6% in rent.
Areas such as Electronic City and Whitefield earn more.
A 99acres report shows prices grew 11%–12% in 2023, as Seedwill Consulting confirms.
Some investors talk about the need for price fixes.
Comments on Reddit mention price changes.
Bengaluru prices move more than in London or New York.
Those markets change little because demand stays full.
This difference makes Bengaluru attractive.
Why NRIs Should Invest in Bengaluru
Economic Growth and Stability
Bengaluru stands as India’s IT hub.
This role brings many professionals.
More people need housing.
The IMF states that India’s GDP grew 6.1% in 2023 and may reach 6.5% by FY24.
A stable economy gives NRIs a safe space to invest.
Other markets change too fast.
Affordability and Potential for Appreciation
Homes in London and New York cost very high.
Bengaluru is easier on the wallet.
North Bengaluru luxury properties cost ₹3–10 crores.
NRIs can buy high-value homes that may grow in worth.
Strong NRI Demand and Infrastructure Development
Reports mark North Bengaluru as a top pick.
The NoBroker report of 2025 shows it lies close to international airports.
New metro lines are planned near the area.
Projects like Namma Metro Phase 2 and the Peripheral Ring Road improve links.
Better links help property values go up.
Emotional and Practical Considerations
Many NRIs care for more than money.
They want to stay linked with their roots.
One NRI said that buying a flat in Yelahanka feels like a second home.
This mix of heart and sense guides such moves.
Conclusion
Bengaluru’s property market is not as large or famous as London or New York.
Yet, its fair prices and quick growth stand out.
The numbers show strong gains in homes and offices.
NRIs find a mix of low cost, rising value, and a personal touch.
This mix makes Bengaluru a smart pick in global property trends.
A fast-changing market brings new chances for wise buyers.
Sources:
- JLL. "India Residential Market Overview Q1 2024."
- Seedwill Consulting. "Bengaluru Property Price and Rental Yield Analysis 2023."
- 99acres. "Rental Yields in Bengaluru’s Top Localities."
- International Monetary Fund. “World Economic Outlook: Growth Slowdown, Precarious Recovery.” October 2023.
- NoBroker. “Real Estate Report on NRI Investments in Bengaluru 2025.”
Disclaimer: This article has been generated by AI based on the latest news from Google News sources. While we strive for accuracy, we recommend verifying key details from official reports.
