For NRIs, Bengaluru, also known as the Silicon Valley of India, is one of the most sought-after real estate investment spots. The city has seen steady growth in the real estate sector over the last few decades, and this growth is expected to continue in the coming years. With the increase in demand for housing and commercial space, numerous investment opportunities are available in the Bengaluru real estate market.
Based on their investment goals and budget, NRIs can choose from a wide range of properties like apartments, villas, plots and commercial spaces. Let's look at some of the best investment opportunities-
1. Residential Properties
The city is blessed with many residential properties like Shapoorji Pallonji Parkwest that cater to the needs of different population segments. From apartments and villas to plots, the options are endless. There is a vast range of options across various price points, making choosing properties that fit the budget more manageable. This is the best bet.
2. Commercial Properties
Bengaluru has numerous IT companies, startups, and other businesses. The city has a high demand for commercial spaces, making it an attractive option for NRIs looking to invest in commercial real estate. They can invest in office, retail, or co-working spaces to generate rental income. However, the economy has its ups and downs, and hence, the demand for commercial real estate may fluctuate, while demand for residential properties is pretty much constant.
3. Plots
Investing in plots is also a good idea as they offer good returns in the long run. Plots in well-developed areas are likely to appreciate in value, and they can be developed into residential or commercial properties, depending on the market demand. On the flip side, standalone homes on plots are expensive to maintain.
4. Real Estate Investment Trusts (REITs)
NRIs can also invest in REITs that invest in Bengaluru real estate. REITs are a good investment option for NRIs who do not want to take the hassle of managing a property. They generate returns through rental income and capital appreciation.
5. Affordable Housing
With the government's focus on affordable housing, there are numerous investment opportunities available in this segment. There are many affordable housing projects that align with the needs of the middle-income segment of the population.
6. Luxury Properties
For people with a high budget, luxury properties are a good investment option. Bengaluru has a range of luxury properties catering to the needs of high-net-worth individuals. These properties offer good returns in the long run and also cater to the high-end rental market.
With a stable market, good long-term growth prospects, and a huge range of properties like a villa or a simple 2 BHK in Bengaluru, the city is an attractive destination for real estate investment. Make sure that you carefully evaluate the investment options available as an NRI and invest wisely.
