Non-Resident Indians (NRIs) have been buying properties in Bangalore real estate market. With the rise of several leading real estate developers in South Indian region, Bangalore’s Whitefield is being considered as the hottest destination for property buyers. From NRIs to locals, a majority of buyers and investors are looking at this area to secure their piece of land.
In the past, a majority of buyers were from Bangalore only and NRIs were buying properties for their own. As the time is changing, the real estate market scenario is also changing in the same way. Now, many NRIs are showing interest in buying luxury properties in Whitefield Bangalore for an investment. No matter whether they are going to live at the place or not, people consider the area as the most promising place to invest in Bangalore and even in India as well.
Why NRIs Love Investing in Luxury Properties In Whitefield, Bangalore
Bangalore, one of the most appealing cities in India holds some of the most beautiful and luxurious properties. More specifically the Whitefield area houses some of the major IT and ITES hubs that are growing rapidly. The startup environment in the city is matchless and the growth corridor, social infrastructure of the Whitefield area along with the good connectivity are making investment in the area a win-win for buyers.
Growth in demand for luxury properties and at the time the real estate developers like M1 Homes are delivering tailored housing solutions that meet different requirements, interests and budgets as well. The improved connectivity and family-friendly environment is making people demand for more. For both residential and commercial spaces, the demand is rising and those who have already invested into these properties are reaping the benefits of living at one of the most promising places in the city.
Government Is Backing Homebuyers
The Indian government, recently, has introduced many opportunities for home buyers. Needless to mention that the latest Real Estate Regulatory Authority and Development Act, works as a protecting force for the home buyers. The real estate market is becoming more transparent and the much-needed ease of process is also making home buying for NRI buyers a profitable deal.
With this new wave of transparent transactions and consumer-friendly environment in the Indian real estate sector, investing in luxury property in Bangalore is set to become more beneficial and attractive for NRI investors. Whether the NRIs choose to buy a property for personal use or for investment purpose, NRIs will be getting an edge over those who do not choose to invest in locations like Whitefield and Thanisandra, Bangalore.