Despite the big setback caused by the Covid-19 pandemic to the real estate sector, the rising trend of home ownership post-covid has pushed demand for homes not just from Indian buyers but also from the NRIs who have evinced greater interest for making investments to buy homes. Among cities like Delhi, Pune, Chennai, and Mumbai, Bangalore has emerged as NRIs’ top favorite investment destination for residential and commercial properties
Bangalore has always been a steady market for real estate. So, the demand for residential and commercial properties is significantly high. Today, with offices resuming offline operations after the ‘work from home’ module and colleges & universities reopening offline classes, the demand for home purchases has significantly increased. Being an IT hub, Bangalore gets a steady inflow of individuals (for education and work) every year. This is the primary reason behind the increasing demand for residential properties across the city. What has kindled the high interest of NRIs in Bengaluru and why the city is the best investment option for them. The main attraction in the real estate market is the availability of varied categories of products for investments, be it affordable, luxury, or uber-luxury projects and even plotted developments. Besides cosmopolitan culture, advanced infrastructure, socioeconomic conditions, tax privileges, and home loan subsidies, there are some significant factors that support the demand for the city as the top destination for NRI investors.
Bengaluru boasts of exceptional connectivity to prime locations. Micro markets like Whitefield, Electronic City, Hebbal, Devanahalli, Yelahanka, Hennur, Jakkur, Sarjapur Road, and Thanisandra have witnessed a great response from buyers and proved to be the hot-selling real estate investment corridors. These locations are close to the tech parks, and office spaces and are well connected to the airport and railway station.
Moreover, there are varied types of properties with high appreciation. NRIs are spoilt for choices when buying a property in Whitefield and Sarjapur as they offer high appreciation rates. The properties include residential apartments, villas, studio apartments, commercial developments, and many more. They can easily choose the type of project to invest in, depending on the budget, time frame, and the amenities offered at the particular development.
Good returns on affordable investment in Bengaluru is a major attraction for the property. With top IT hubs and industrial set-ups, Bangalore garners the attention of NRI investors with ease. A large chunk of students and working professionals throng the city each year and create demand for home buying and rental housing. Thus investment in a residential property results in a high rental income for the owners, ensuring good returns on affordable investment.