“About 70% of NRI on a property loan with financial companies and banks for housing in the United States to finance its purchase of a home in India. This is because they require a longer repayment period and at same time they are ready to close the loan well before the scheduled time. The intention is to have a minimum of cash outflows each year in the early years, “said N Raghavendran, Bharathi Tamil Sangham president, California.

According Bhambhra Chandru, a real estate agent based in the United States in the Bay Area, as well as exchange and interest must be a property in India, as well as high value seems more and more NRIs investing in property here.

From now on, the professionals are an important segment of buyers. Those who are willing to move in search of cities like Bangalore that employment opportunities in the IT sector seems better. If it is a temporary or a permanent change in their own organization, a number of NRI feel ownership of a home away from home is a viable proposition in terms of price increase and rental yields.

There are two types of NRI property buyers. One is for the first time buyer, there is always a recent immigrant, with a specific period of stay in U.S.. The second is the investor who is still an established professional or a successful entrepreneur who made his fortune during his stay abroad.

“The first buyers prefer their hometown. Many have chosen Bangalore for its first class accommodation and facilities, where prices are dictated by market dynamics. Many seek opportunities of around Rs 50 lakh Rs 75 lakh, said Khanderao, Founder, Global Technology Professionals Association of Indian Bay Area, California. There are a couple looking for a small investment. here is a priority site. It is essentially a hedge against inflation.

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Multinational Enterprises plans to expand their existing business are looking at commercial space. “In addition to existing multinational companies, I expect new businesses in the social computing and cloud to look for extensions in Bangalore,” said Khanderao. Multinational companies have gone to Bangalore because of its large pool of talent available to the same professional culture in the United States.

Source: [ET]