
Bengaluru property has become the new target for NRIs to invest in. With the declining value of the rupee, many Indians living in the US see this as an opportune time to fall back on real estate.
North Bengaluru, specifically, is a major draw, with recent data revealing almost 40% of US-based NRIs invested in that region. This is primarily due to the proximity to the International airport and its high-class infrastructure.
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Moreover, the northern region of the tech capital has its own luxury factor, giving a further boost to property prices. Elite communities and top-class villas are in popular demand among the US-based NRIs.
And as we know, the comfort comes with a massive price. The property prices in the region range from ₹3 crore for a 2,000 sq. ft. flat to ₹10 crore for a luxurious villa.
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Backed by the strength of the US dollar, the Indian diaspora in America is diversifying their income source. Most plan to earn rent for years before making their fortune back by selling the properties down the line.
In the end, it seems North Bengaluru has the perfect blend of location, infrastructure, luxury, and ROI for the NRI community. The houses could work as the second home to individuals planning a stay in the city before they cash it out in a few years.