Aniket Chawla, a tech professional from the US, recently secured a luxurious flat in Yelahanka, North Bengaluru, worth over ₹3 crore. Spanning 2,000 sq ft, Chawla intends to make it his second home until his return to India. In his mid-50s, Chawla’s investment aligns with his long-term plan of using the property for personal use.
Experts reveal that US-based NRIs are a dominant force in Bengaluru’s real estate market, with the strength of the US dollar enhancing their purchasing power. A significant factor contributing to this interest is the rupee’s depreciation, boosting the value of investments from those earning in stronger currencies. Many NRIs, like Sandeep Shekhar, are diversifying their portfolios by investing in Bengaluru properties, with plans to earn rental returns and later exit the market after a few years.
The northern part of Bengaluru remains a top choice for NRI investments, especially due to its proximity to Kempegowda International Airport. Real estate data highlights that nearly 40% of NRI transactions are concentrated in North Bengaluru. The area’s rise is attributed to its infrastructure development, including metro links and upcoming projects like the suburban rail and Peripheral Ring Road.
Gated communities and luxury villas are especially popular among US-based NRIs, with many opting for properties priced between ₹3 crore to ₹6 crore or even higher. The demand for villas, particularly for those seeking a post-retirement residence or a lifestyle investment, has increased in recent years.
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