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NRIs’ New Hub: Indians in USA Demand Luxury
Additionally, the IT capital's northern area has a luxury component of its own, which raises real estate values even more. NRIs based in the US have a strong desire for exclusive complexes and villas. And the comfort has a huge cost, as we all know. The cost of real estate in the area ranges from ₹3 crore for a 2,000 square foot apartment to ₹10 crore for an opulent home.
The indian diaspora in America is broadening their sources of income, supported by the strength of the US dollar. Most want to rent out the properties for years before eventually selling them to recoup their investment. Ultimately, it appears that North Bengaluru offers the nri population the ideal fusion of luxury, infrastructure, location, and return on investment. For those who want to stay in the city before cashing it out in a few years, the residences may serve as a second home.