Which areas in Bangalore are preferable for an NRI moving to India?

The last thirty years in India has witnessed huge rise in organized housing. Not only the government has undertaken scientific measures in going ahead with improved housing, but also prompted large part of the population in being part of its various housing schemes. Side by side it has invested NRIs to invest in real estate domain. Real estate is one of those sectors which has boosted by leaps and bounds in the last few decades. Interestingly most of the metro cities of India have witnessed huge in real estate. In some cases the real estate growth has surfaced around huge industries and SEZ zones whereas it has grown around government offices, IT parks and others.  Although the demand has gone down a bit yet the prices are up by 40% as mentioned by the Confederation of Real Estate Developers' Associations of India.  Around all such factors on can also witness that most of the Indian metro cities are coming up with their second phase of real estate, with infrastructural facilities ably supported by transport system and improved human source. In this regard one cannot forget to mention the importance of Bangalore in India's real estate map. As far as finding property in Bangalore, one can certainly witness the demand it has looking at the number of queries generated in housing.com search domain, a trusted one among all Indians and also NRI's. The real estate Bangalore picture in indeed bright with new areas coming in the domain, state government indeed opining for lucrative policies to aide such demand.

NRIs and Bangalore real estate

In the last few decades most of the central governments have urged the NRIs to come and invest in India. To encourage such, they have also started giving dual citizenships and even giving the voting rights is in the agenda. Thus one can witness that NRIs are concentrating on investing in different sectors in India.  As far as Bangalore is concerned, surely it can be pointed out that both in terms of staying or investing; it is indeed a lucrative place for the NRIs who are established in the cities based in Europe, America and others.  Bangalore, a planned city does offer ample scope for NRIs and indeed housing.com can certainly help it out with such exotic locations with exciting prices. As far as educational hubs in Bangalore are concerned, places like Sadashivnagar, RMV, Koramangala, JP nagar are few areas where NRIs can certainly look out. These places not only offer good neigbourhood but also have the option of independent villas.  But as far as affordability is concerned, these locations do demand high prices. In Indian cities communication is indeed an aspect to be taken care of and Bangalore is no exception to it.  Thus interested buyers or real estate developers can consider places like Vijaynagar or Marathhalli. From Vijayanagar to MG road, though the distance is 10Km it takes much longer than say going from Marathhalli to Hebbal which is more than 20KM but is relatively faster due to the ring road. As far as greenery and others are concerned, NRIs can certainly look on to Palm Meadows, Prestige Ozone, Windmills and side by side Whitefield, Indiranagar and Koramangala are great localities too as far as property in Bangalore is concerned.

Conclusion

There is no denying the fact that Bangalore indeed has great prospect as far as NRI investment and habitation is considered in the real estate domain.