A 2014 study by Jones Lang LaSalle India shows Bangalore is the most-favored city for real estate investment by NRIs. Information technology has long been the biggest contributing factor towards Bangalore’s real estate boom.
The most popular submarkets for real estate investment are East and North Bangalore. East Bangalore including Whitefield, Old Madras Road and Electronic City is popular due to its proximity to IT/ITES companies and presence of social infrastructure like schools, hospitals, shopping and entertainment. While East Bangalore remains an excellent investment choice, it is a more mature submarket.
North Bangalore towards the airportcould offer greater appreciation in property values since the area is seeing considerable infrastructure investment from the government to provide better transportation links to the city in addition to development of SEZ and IT parks.
There is also heavy demand for affordable housing in the outskirts of West and South Bangalore.
Today, NRIs are spoiled for choice when it comes to finding the right property.Therefore it is of utmost importance that NRIs pay attention to a developer’s track record and proven execution ability. Some developers provide assistance with procuring home loans, property management services and interior design packages, which could be of immense value to NRIs who don’t have the time and resources to manage these aspects from afar.
According to a press release, to take the next step toward making a successful real estate investment in India, you can contact Legion Real Estate at their Menlo Park, CA, office at 650-494-4975 or info@legionre.com.
India Post News Service
