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Who doesn’t want to live in Bengaluru? From the lovely weather to a mix of old-world charm blending with the modern, Bengaluru is every Indian and NRI’s final destination for a home. Not only are residential rates the lowest compared to other metro cities in the country, the newer neighbourhoods coming up with world-class gated communities are luring newer globally-travelled home-seekers to invest in prized property back home.
So, which localities are NRIs looking to invest in?
According to a realtor in the city, NRIs have invested heavily in properties on Sarjapur Road, Thanisandra Road, Electronics City, Bannerghatta Road and Whitefield. However, post-pandemic, the locations they are investing into are no longer restricted to within city limits and near IT Parks. They have now expanded to peripheral areas of the city. These include Nandi Hills in the north, Sarjapur and surrounding suburbs in the south east, Kanakapura Road towards the south, and Nelamangala and the suburbs towards the western peripheral areas of Bengaluru. An Anarock survey states that Bengaluru saw approx. 20,520 units launched in FY21, of which 46% was in the city peripheries. In FY19, the peripheral supply share was 37% of a total of 36,620 units launched. The prominent peripheral locations include Chandapura-Anekal Road, Chandapura, Sarjapura, Yelahanaka, Devanahalli, and Sarjapur-Attibele Road.
Data speaks
- INR 90 lakh – INR 2.5 Cr the preferred budget-range for 73% NRIs post-COVID, against 41% pre-COVID; 3 & 4BHKs in top demand
- Bengaluru is the favourite investment destination for 24% of NRI respondents, followed by Pune with a 19% share
- 67% NRIs looking for ready-to-move-in options
- Of 24% respondents who have booked property in the last six months, 38% were NRIs
- 86% NRIs will buy properties from branded developers
(Source: Anarock Property Consultants)
Within the city
Fraser Town
Dotted by the British-era heritage monuments of old, this locality retains its old charm. While a number of old houses have given way to modern gated residential enclaves, Fraser Town appeals to the elite NRI. This is primarily because of the thriving global social infrastructure, improved connectivity to all parts of the city and the plush and spacious apartments on offer that spell privacy and comfort.
Leading developer brands such as HM Constructions https://www.hmconstructions.com/ have just what the NRI needs back home with the introduction of the imposing sky villas at HM Grandeur https://www.hmconstructions.com/projects/details/hm-grandeur . Towering regally over this historical locality, HM Grandeur is a globally awarded sky villa project boasting of the highest residential enclaves nestling amidst 800 acres of lush greenery.
RT Nagar
Named after the iconic litterateur Rabindranath Tagore Nagar, this prized locality is bang in the middle of all the action in the city. Strategically located in the northern part of the city, RT Nagar is better accessible to the airport, the Manyata Tech Park as well as the other prime areas of Hebbal, Yelahanka, Bellary Road and the ORR.
Not surprising then that the premier luxury housing developers HM Constructions have their regal residential project HM Tropical Tree https://hmconstructions.com/index.php/projects/details/hm-tropical-tree taking the spotlight.
The outskirts
Sarjapur Road
The Sarjapur-ORR belt has seen a steady rise in varied property offerings over the years. Whether it’s a villa, apartment or condominium, the Sarjapur Road corridor has something in it for every homebuyer. Catering to a humongous stream of end-users and investors, this locality boasts of strong connectivity to prominent neighbourhoods of Koramangala, HSR Layout, Attibele, Marathahalli, Varthur, Bellandur and Whitefield. So, it’s not surprising to see all top developers, including HM Constructions, having their premium luxury homes being lapped up by NRIs looking for a steady investment almost instantly.
HM Symphony stands majestically at the quiet neighbourhood of Kasavanahalli off Sarjapur Road. The Concord Tower is just what the well-heeled NRI would wish for back home after living that sophisticated lifestyle abroad.
Kanakapura Road
Comfortably cocooned by the Turahalli forest and abundant natural greenery, this prominent road boasts of a number of upcoming localities around it including JP Nagar and Jayanagar. Accessibility to the city centres through the NICE Road and the Bannerghatta Road, Kanakapura Road itself is blessed with natural resources and modern man-made infrastructure projects to make it truly a small world in itself. So, it comes as no surprise that this prime locality is home to one of Bengaluru’s prized residential clusters HM World City. It’s the perfect investment for NRIs who seek the same lifestyle they are accustomed to abroad. Infused with the most modern amenities to cater to the finest tastes, HM Indigo, the majestic tower within this township, spells luxury in every detail – so perfect for the NRI investor looking for healthy returns almost instantaneously.
In the post-COVID scenario where at least 73% NRIs now prefer properties priced between INR 90 lakh to INR 2.5 crore, these prime localities have something for every NRI.
Call us on 8880225555 and we will help you find a home that suits your lifestyle, whether you are looking to buy, rent or lease. We will be glad to help you find the home of your dreams.