Bengaluru, Chennai Among Cities That Ask For Big Homes

A study by Housing.com has revealed that 2BHK apartments remained the most preferred configuration among homebuyers of four cities — Bengaluru, Chennai, Delhi (this includes the whole national capital region) and Mumbai.  More than 40 per cent people planning to buy properties in these cities would go for a 2BHK unit, the report says. However, there is no lack of people who would want to go for a bigger space — 3BHK flat.  On an average, 20 per cent prospective homebuyers in the three cities, the research report shows, would prefer 3BHK units.  Mumbai, however, is an exception. In the Maximum City, the demand is the highest for 1BHK units, followed by 2BHK flats, and only six per cent future buyers would go for a 3BHK unit.

If you are one of those looking for a 3BHK flat in the four cities, let us help narrow down your search by providing you some key numbers.

Bengaluru

According to makaan.com, there are 14,741 3BHK units available in the Bengaluru real estate market, with prices ranging between Rs 15 lakh and Rs 2 crore. Of these, 3,302 units are in the price range of Rs 52-62 lakh—this price band has the highest number of 3BHK units available for purchase in Bengaluru. In the price band of Rs 42-52 lakh, 2,896 3BHK units are available for purchase.

Average property price in India's information technology capital is Rs 4,800 per square foot (sqft) .

Chennai

Bengaluru and Chennai real estate markets are quite similar when it comes to availability of 3BHK units in specific price bands. While there are 3,596 units in total, the highest number of 3BHK units up for grabs fall in the price range of Rs 52-62 lakh. Their number stands at 415 units currently. Another 350 3BHK homes are available in the price range of Rs 70-80 lakh.

Average property price in India's information technology capital is Rs 4,600 per sqft.

Delhi

According to Makaan.com, there are 16,482 3BHK units available in Delhi (this does not include other regions of the national capital) . Of these 5,313 units fall in the Rs 25-34 lakh price band. Another 4,152 units are in the price band of Rs 34-43 lakh.

Average property prices in Delhi stand at Rs 6,500 per sqft. 

Mumbai

According to Makaan.com, there are 16,655 3 BHK units available in Mumbai real estate market. The highest number of these units, at 825, is concentrated in the Rs 1.53-1.43-crore price range, followed by the 741 units in the Rs 1.44-1.53-crore price band.

Average property prices in Mumbai stand at Rs 11,624 sqft.

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