In the heart of India’s technological revolution lies Bengaluru, a city that has transcended the boundaries of tradition and catapulted itself into a world where innovation and cosmopolitan allure converge. For Non-Resident Indians (NRIs) seeking not just a real estate investment but immersion into an ecosystem of progress and diversity, Bengaluru stands as an innovation oasis.
This is a place where aspirations take root, and dreams of investment find fertile ground. Beyond the conventional paradigms of property markets, Bengaluru’s real estate investment offers NRIs a dynamic landscape enriched by tech-savvy brilliance, cultural diversity, and a vibrant lifestyle.
In this blog, SPA Group delves into the distinctive facets that make Bengaluru an irresistible choice, beckoning NRIs to be a part of a city that not only appreciates real estate but also nurtures the spirit of innovation and inclusivity.
- Thriving Industrial Hub
- Tax Benefits
- A Cosmopolitan Lifestyle
- Diverse Range of Projects
- Property Appreciation Value & Returns
Bengaluru’s reputation as the IT capital of India has attracted numerous multinational corporations, tech parks, and startups, making it a thriving industrial hub. The city’s robust economy and employment opportunities have resulted in high demand for residential and commercial properties. NRIs investing in real estate in Bengaluru can benefit from the city’s vibrant job market and the continuous influx of professionals seeking housing options.
NRI real estate buyers enjoy exceptional tax benefits. Unlike many other countries, there is no cap on the number of properties an NRI can own in India. This allows NRIs to invest in multiple properties and generate positive returns through rental income, short-term and long-term capital gains, and leasing income.
Non-resident Indians (NRIs) can avail themselves of tax advantages when financing the purchase of residential properties in India. These advantages encompass deductions on both the principal amount and the interest paid, as outlined in Section 24(b) and Section 80C of the Income Tax Act, respectively.
Bengaluru’s cosmopolitan lifestyle is characterized by its diverse population, international culture, linguistic diversity, educational institutions, recreational options, and global connectivity. This inclusive and welcoming environment ensures that NRIs and their families can comfortably settle into the city, making it an attractive destination for long-term investments in real estate and other sectors. The cosmopolitan nature of Bengaluru enriches the overall living experience, making it a standout choice for NRIs seeking a modern, globalized urban lifestyle in India.
Real estate investment in Bengaluru entails a diverse range of projects catering to different segments of the market. From affordable housing to luxury villas and apartments, NRIs have a plethora of options to choose from based on their budget and preferences. The city boasts well-planned micro markets such as Sarjapur Road, Whitefield, Electronic City, Hebbal, Devanahalli, Yelahanka, Hennur, Jakkur, and Thanisandra, which have emerged as hotspots for real estate investment. These areas are strategically located, offering convenient access to office buildings, tech parks, the airport, and railway stations.
Investing in real estate in Bengaluru has proven to be a fruitful endeavor, with a consistent appreciation of property values over the years. The city’s rapidly growing population, coupled with the demand for quality housing and commercial spaces, has led to a steady increase in property prices. NRIs can benefit from the potential for long-term capital appreciation, earning substantial returns on their investments.
Additionally, Bengaluru’s robust rental market provides NRIs with the opportunity to generate regular rental income, further enhancing the overall returns on their real estate investments.
For a Thriving Life and Wealthy Portfolio
Bengaluru, with its thriving industrial hub, cosmopolitan lifestyle, and diverse range of real estate projects, presents a compelling opportunity for NRIs looking to invest in the Indian real estate market. The ever-growing culture and fruitful returns, combined with the lucrative property prices, tax benefits, and potential for property appreciation, make Bengaluru an ideal destination for NRI real estate investment.
SPA Group’s specific projects, like SPA Ecocity and Frangipani Estates, offer tailored opportunities for NRIs to invest in Bengaluru’s real estate market. These projects are designed to take complete advantage of the city’s growing landscape combined with the pure serenity of nature.