Popular Choice for NRI Investments-Bangalore Realty

Indian realty market is offering loads of investment options for many individuals including NRI’s as the sunshine sector is one of the most preferred investment options. With the rupee value depreciation, the growing real estate industry has become favorite for NRI’s who are looking out the property in their home towns for investment. The homes in India are affordable to Non Resident Indians (NRI’s) for investment as it is comparatively cheaper in terms of dollar terms. South India has turned into a popular destination for NRI Investments. Jones Lang LaSalle latest report revealed that in India, Bangalore is the most favorable city for NRI Investments in India. Budding Information Technology, cosmopolitan lifestyle, rising number of luxurious projects even in a slow market, rental returns and property appreciation in suburbs where the infrastructure is coming up are the major contributing factors towards this real estate boom.

Other preferred destinations for NRI Investments are Chennai, Hyderabad and Vishakhapatnam. Jones Lang LaSalle India, CEO Om Ahuja says that “from recent years, the NRI’s who have entrepreneurial aspirations and intended to begin their business are showing interest to put resources in large cities in India. Bangalore is one city which is seeing an upsurge in inquires from NRI’s for investment purpose”.

The infrastructural growth, presence of educational institutions, seamless connectivity, access to medical facilities and favorable climate conditions are making the Bangalore city as sought after destination for NRI’s (Non Resident Indians) investments.

Relaxation in FDI norms, investment friendly market and Tax soaps made investors optimistic about Indian Realty Market.

Mainly the Real estate demand is coming from America, European countries, Middle East countries, Australia, Singapore and Dubai. The NRI’s who want to relocate to India are investing in localities such as Yelahanka, Hosur Road, Sarjapur Road, Whitefield and Kanakapura Road in Bangalore due to its proximity to IT hubs and connectivity to prime localities and micro markets in the city.

Real estate Experts say that “NRI’s are looking towards investing in luxury units with large rooms offering splendid world class amenities and unique features with high end specifications. As a long term investment point of view, the majority of NRI’s prefers to invest in 2 BHK and 3 BHK Apartments as of ease maintenance. Investing in Residential Plot is not a preferred choice for NRI’s as it is a hard errand to keep up property by living out of India.

Bangalore witnessed a steady increase in demand from Non-resident Indians. Usually, NRI’s prefer premium properties such as Residential apartments, Villas and individual houses for investment which worth Rs 1 crore for high appreciation.