Bangalore: NRIs attracted to city’s high-end properties
An increasing number of NRIs are apparently being attracted to high-end properties in Bangalore; thanks chiefly to the fall in the value of the Indian Rupee and foreign currency getting stronger.
In fact, Bangalore has always been a one of the most preferred property destinations for the NRIs. It is largely because of the interest of the NRI segment in Bangalore’s realty market that there has been a robust growth of the luxury-housing projects in the city.
Moreover, in recent years, Bangalore’s residential market has retained its attractiveness for the NRI population because of the city’s expanding job market, as well as its moderate climate and a steady increase in capital values.
The interest of the NRIs in the Bangalore residential market is also apparently rooted in the fact that the city not only offers a wide array of premium residential options to choose from, but also unfolds an upscale lifestyle quotient.
About Bangalore city’s existing premium residential locations which attract NRIs, Zahed Mahmood – Director of Silverline Realty, which is a reputed realty agent in Bangalore – said: “Older upscale neighbourhoods in the North include areas such as Jayamahal, Sadashivanagar, RMV IInd Stage, Dollars Colony, RT Nagar, to some extent HBR and HRBR Layouts, along with new layouts in Jakkur, Bellary Road and Hennur Road are fairly good areas targeted by NRIs.”
Source – The Times of India
ayamahal, Bangalore, Bangalore residential market, Bellary Road, Dollars Colony, Jakkur, luxury housing projects, RMV IInd Stage, RT Nagar, Sadashivanagar
