Gated communities and luxury villas in North Bengaluru are top choices for US-based NRIs
North Bengaluru has emerged as the preferred destination for US-based Non-Resident Indians (NRIs) investing in real estate. Proximity to the international airport, modern infrastructure, and the area’s growth potential make it a top choice. Real estate experts report that nearly 40% of NRI investments in Bengaluru target this region, reported hindustantimes.com.
The depreciation of the Indian rupee and demand for luxury villas fuel NRI investments in Bengaluru
Aniket Chawla, a US-based tech professional, recently purchased a luxury flat in Yelahanka for ₹3 crore, intending to use it as his second home. Similarly, Sandeep Shekhar, residing on the US East Coast, plans to diversify his portfolio by investing in a Bengaluru apartment and earning rental returns of approximately 6%.
The depreciation of the Indian rupee has significantly enhanced the purchasing power of NRIs earning in stronger currencies like the US dollar, further driving investments in Bengaluru’s real estate market.
A survey by NoBroker.com revealed that 39.7% of NRIs invested in North Bengaluru, followed by East (37.7%) and South (18.1%). Areas like Hebbal, Hennur, Yelahanka, and Devanahalli have gained traction due to improved infrastructure, including new metro corridors and the Manyata Tech Park.
Luxury villas are also in high demand, with 20%-25% of NRI buyers opting for properties priced above ₹10 crore. Younger NRIs typically invest in apartments costing ₹1.5-₹1.8 crore, while those in their mid-50s often prefer premium projects worth ₹6 crore or more.
The presence of multinational companies like Amazon India and SAP Labs in North Bengaluru has further boosted the area’s appeal for NRIs, making it a hub for both residential and commercial investments.
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