Why US-Based NRIs are Flocking to North Bengaluru’s Real Estate Market
Bengaluru is a better investment spot for NRIs, especially in the U.S. Many US-based NRIs are drawn to North Bengaluru for several reasons.
One of the primary reasons for this interest is North Bengaluru’s proximity to Kempegowda International Airport. This convenience, along with ongoing infrastructural developments like new metro lines and the Peripheral Ring Road, makes the area ideal for business executives and those with frequent international travel.
North Bengaluru’s real estate market has grown. This includes Yelahanka, Hebbal, and Devanahalli. Tech parks and firms like Amazon, SAP, and Wipro are the cause.
In addition to its strategic location, North Bengaluru offers attractive housing options, particularly in the form of gated communities and luxury villas. NRIs often prefer these secure and well-maintained complexes, providing a sense of community and ease of management while living abroad.
Luxury villas have also become increasingly popular among older NRIs, who account for about 20-25% of such transactions. These villas often range between ₹10 crore and ₹15 crore, appealing to those seeking a high-end lifestyle or planning for their retirement.
Additionally, the depreciation of the Indian rupee has made real estate in India more affordable for those earning in stronger currencies like the US dollar. This shift in currency value has given NRIs increased purchasing power, further driving interest in the market.
As North Bengaluru evolves, it should remain a top choice for US-based NRIs seeking real estate investments in India.
