Bangalore tops the list among the NRI's

Q: Why Bangalore tops the list among the US-based NRIs?

Mriganka Sharma, Bangalore

30th March 2014

Real estate News in Bangalore

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Demand for housing projects in the city, generally the premium ones, are driven by techies on an H1B visa. Investments in apartments that fall in the price bracket Rs 75 lakh- Rs 1 crore, by such techies are prevalent in the city. Demand for villas valuing Rs 3 crore and above, is visible too. The demand for high-end homes is mainly triggered by PIOs, who have been in the US for more than a decade and are willing to relocate in the country.

Navin Verma, Bangalore

30th March 2014

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Demand for properties by the US-based NRIs shot up on account of another important reason. Rampant evolution of internet and email have made it convenient for the NRIs to conduct proper research on projects without being physically present in India. With one click, potential US investors get a brief idea about the project and the developer. This saves time and aids the investor in making the right choice.

Niketan Verma, Bangalore

30th March 2014

NRIs coming back to India and end-users are now pulling the strings in the Bangalore property market. As per market reports, the sales in the last quarter 2013 were up in Bangalore and much of it can be contributed to NRI’s interest in the real estate market of the city. Furthermore, it has pushed up the sentiments of the local realtors on the overall market perception.

Niketan Verma, Bangalore

30th March 2014

Comment

Who mainly drives the demand for housing projects in the city?

Mriganka Sharma, Bangalore

30th March 2014

The city pitches in with the most active villa and row house projects in the micro-markets of North Bangalore, Outer Ring Road, Whitefield and Sarjapur Road. As per market reports, the capital values of housing properties in the city are expected to witness a marginal growth. This puts up a favorable situation for the potential US-based NRI investors.

Murali Krishnan, Bangalore

30th March 2014

Comment

Bangalore has every element to rope in US-based NRIs to invest in its upcoming residential projects. The demand for housing projects in the city from NRIs is scaling up on account of the recent favorable exchange rate and various investment options in the urban sprawl.

Shazad Laskar, Bangalore

30th March 2014

People who are employed in the service industry along with the businessmen settled in the US too, have shown a keen desire in investing their funds in Bangalore housing projects. NRIs have a special affinity towards their native land and rupee depreciation against the dollar, has proposed a win-win deal for the buyers.

Navin Verma, Bangalore

30th March 2014