Reasons Why NRIs Must Look into Investing in Apartments
Investing in apartments can be lucrative and rewarding for investors looking to expand their portfolios and generate a steady income stream. Apartments are an attractive investment because they offer a true source of passive income and potential capital appreciation over the long term. Unlike other investments, like stocks or bonds, apartments can provide a constant monthly income, which is especially appealing for retirees or those seeking to increase their current income. One of the primary advantages of investing in apartments is the potential for a high rate of return. When compared to other types of real estate investments, such as commercial buildings or office spaces, apartments offer a lower entry barrier and require less upfront capital. Additionally, apartments can be easily financed through a mortgage, allowing investors to leverage their investment and increase their overall return. Furthermore, apartments offer a reliable source of passive income through rental payments.
Apartments also offer a high degree of flexibility and can be tailored to meet the demands of individual investors. Investors can purchase a single unit, a small multi-family building, or even a large apartment complex. This allows investors to invest in a property that aligns with their goals and financial capabilities. In addition to generating passive income, apartments can also appreciate over time. This is partly due to the limited supply of rental units, which creates a high demand for available apartments. As the demand for rental properties increases, so does the property's value. Another benefit of investing in apartments is the potential tax benefits. Real estate investments are eligible for several tax deductions, including property taxes, mortgage interest, and depreciation. These deductions can significantly reduce the investor's tax liability, resulting in a higher net income.
Before investing in apartments, it is important to consider several factors. First, investors should conduct thorough research on the local real estate market and analyze the supply and demand dynamics of the area. This includes assessing the area's vacancy rates, rental rates, and market trends. Investors should also consider the property's location, as this can significantly impact the potential for long-term appreciation. Properties in desirable areas, such as near public transportation, schools, or shopping centers, will likely be appreciated over time. Investors should also carefully consider the property's financials, including the expenses and potential rental income. Additionally, investors should consider the potential for future repairs or renovations and budget accordingly.
Another important point to consider before investing in apartments is property management. Investors should carefully evaluate the property management team and ensure they have the necessary skills and experience to manage the property effectively. This includes assessing their ability to handle tenant issues, maintenance and repairs, and overall property management. Investing in apartments is a good opportunity for NRIs. Let's look into how. Non-resident Indians (NRIs) are individuals of Indian origin who live and work outside India. Many NRIs are interested in investing in India to generate a source of passive income or take advantage of potential capital appreciation over the long term. One option that NRIs should consider when investing in India is apartments. Here, we will explore some of the key reasons why NRIs should look into investing in apartments in India.
First and foremost, apartments in India offer a reliable source of passive income. NRIs can purchase and rent apartments to tenants, generating a steady monthly income stream. Apartments offer a tangible asset that can provide a consistent income over a long period. Additionally, apartments can appreciate over time, providing potential capital gains for the NRI investor. Furthermore, investing in apartments in India is an attractive option because of the relatively low cost of entry. Compared to other real estates investments, such as commercial buildings or office spaces, apartments require less upfront capital and can be easily financed through a mortgage. This allows NRIs to leverage their investment and potentially increase their overall return.
Another advantage of investing in apartments in India is the potential for tax benefits. Real estate investments in India are eligible for several tax deductions, including property taxes, mortgage interest, and depreciation. These deductions can significantly reduce the NRI's tax liability, resulting in a higher net income. Moreover, apartments in India offer a high degree of flexibility for NRIs. Investors can purchase a single unit, a small multi-family building, or even a large apartment complex. This allows NRIs to invest in a property that aligns with their monetary goals and financial capabilities. In addition to generating passive income, investing in apartments in India can also provide potential long-term appreciation. As India continues to experience rapid economic growth and urbanization, demand for rental properties will likely increase, leading to potential increases in property value. Additionally, apartments in desirable areas, such as near public transportation, schools, or shopping centers, will likely appreciate over time.
Investing in apartments in India also allows NRIs to diversify their investment portfolio. By investing in apartments, NRIs can spread their risk across multiple properties and reduce their exposure to market volatility. Additionally, real estate investments are typically less correlated with other investments, such as stocks and bonds, providing additional diversification benefits. Before investing in apartments in India, NRIS must consider several factors carefully. One important factor to consider is the location of the property. NRIs should conduct thorough research on the local real estate market and assess the supply and demand dynamics of the area. This includes evaluating the area's vacancy rates, rental rates, and market trends. NRIs should also carefully evaluate the property's financials, including the expenses and potential rental income. It is vital to ensure that the property generates rental income to cover the mortgage, property taxes, and other costs associated with the property. Additionally, NRIs should consider the potential for future repairs or renovations and budget accordingly.
Investing in apartments in India can be a highly profitable and rewarding opportunity for NRIs. With a reliable source of passive income, potential for capital appreciation, and tax benefits, apartments offer massive benefits for those seeking to diversify their portfolio. One property NRIs should invest in is Prestige Park Grove in Bangalore.
Prestige Park Grove
New pre-launch apartments by the Prestige Group, called Prestige Park Grove. In Whitefield, the residential community known as Prestige Park Grove is currently in the pre-launch phase of its construction. A total of 80 acres are included in the scope of the project. This floor plan design can accommodate opulent apartments with one, two, or all three bedrooms. In addition to that, there are deluxe villas available that have three or four bedrooms. The latest offering from Prestige fills in an important gap in the luxury lifestyle. The endeavor, in its entirety, is the very definition of coziness and luxury. Thanks to diligent drafts and plans. There is an abundance of well-lit homes available to choose from. They can be as small as 600 square feet or as large as 1800 square feet in total area. The principles of Vaastu work to endow a location with a distinctive aura and positive vibes.
Throughout the entirety of Prestige Park Grove Master Plan, there are numerous footpaths and internal roads that are suitable for pedestrian use. The plan calls for a sizable amount of land dedicated to green spaces like parks and gardens. The open areas have been thoughtfully planned to incorporate lush terrains and quads into the design. In Whitefield, the residential community known as Prestige Park Grove is currently in the pre-launch phase of its construction. A total of 80 acres are included in the scope of the project. This floor plan design can accommodate opulent apartments with one, two, or all three bedrooms. In addition to that, there are deluxe villas available that have three or four bedrooms. The latest offering from Prestige fills in an important gap in the luxury lifestyle.
The endeavor, in its entirety, is the very definition of coziness and luxury. Thanks to diligent drafts and plans. There is an abundance of well-lit homes available to choose from. They can be as small as 600 square feet or as large as 1800 square feet in total area. The principles of Vaastu work to endow a location with a distinctive aura and positive vibes. Throughout the entirety of Park Grove, there are numerous footpaths and internal roads that are suitable for pedestrian use. The plan calls for a sizable amount of land dedicated to green spaces like parks and gardens. The open areas have been thoughtfully planned to incorporate lush terrains and quads into the design. The RERA Board must first give its blessing for the project to move forward.
Prestige Primrose Hills
Prestige Primrose Hills is a gated residential enclave located off Kanakapura Road. Excellent apartments set in neatly placed 15 towers with 1 and 2 bedroom sets, these 1680 dwellings have variants in layouts, dimensions, and prices. Planned for bachelor living and small families, each dwelling is thoughtfully designed to offer maximum space, ventilation, and natural light, coupled with stunning architecture, specs, and interiors. Each tower is smartly spaced so that the residents from each home can get an unhindered view of the magnificent central court, a part of the sprawling 15-acre land parcel of this property. The abodes and the curated amenities and facilities are expected to offer a lavish lifestyle that will go beyond the expectations of the buyers - every aspect here will give that signature Prestige experience. The project is currently under construction; the starting price of this property is INR 38 lakhs, and the possession date is 31 December 2024.
The Prestige City
The Prestige City is an ambitious residential township in the very popular Sarjapur Road, East Bangalore. Laid in a humongous 180 acres and 12 million sq. ft. of development area, the smart city has assorted housing - 7000 apartments, 140 villas, and 808 plots. The apartments have 1, 2, and 3 bedroom sets of exquisite units, and the villas have 3 and 4 luxe bedroom sets; both have options in sizes, layouts, and prices with elegant architecture, specs, and interiors. It has been developed and sold out in phases. Every sub-project within the township has its own set of unique amenities, features, and facilities. The Prestige City had a home planned to suit the needs and fancies of most home buyers and is priced to suit every pocket.
Prestige Jindal City
Prestige Jindal City is another set of ready residences in Tumkur Main Road, Northwest Bangalore. Sprawling across a spread of 32 acres, there are 1, 2, 3, and 4 bedroom sets of marvellous 3,571 apartments in diverse layouts, configurations, and prices. Meticulously crafted architecture, specs, and interiors with spacious and well-utilised accommodations feature each residence here. World-class recreation, entertainment, fitness and amenities, and numerous facilities for all age groups are available, attracting many home-buyers. The starting price of Prestige Jindal City homes is INR 81 lakhs.
Prestige Roshanara
Prestige Roshanara is a plush residential complex developed by the Prestige Group. The pre-launch property is being developed on a vast acre of land which offers an unmatched living experience. Prestige Roshanara is a high-rise nestled in the lap of nature and breathtaking views that will please your senses. The property offers exquisitely designed 1, 2, and 3 bedroom dwellings that feature modern designs and bespoke interiors. Prestige Roshanara also offers world-class amenities like a swimming pool, gymnasium, clubhouse, yoga pavilion, dance and music, tennis court, indoor games room, mini theatre, jogging track, kids activity zone, and many more, which will refresh you instantly anytime.
Prestige Waterford
Another project of the Prestige company is Prestige Waterford. The Prestige Waterford project's futuristic design aims to give someone who wants a posh lifestyle a contemporary home. East of Bangalore Whitefield, at Prestige Waterford, which comprises 7 stunning towers and 689 roomy, well-built 3 and 4 BHK apartments spread across a sizable 16 acres of land, is located. Three-bedroom apartments start at Rs. 1.42 crores. This Prestige Group apartment building offers several benefits: a fantastic location, a pleasant and comfortable lifestyle, first-rate amenities, a safe environment, and high potential. On ECC Road in the heart of Whitefield in East Bangalore, an opulent pre-launch building known as Prestige Waterford is expertly built.
Prestige Willow Tree
Prestige Group is one of the leading names among the country'scountry's builders. They have been dominating the sector of new-age construction technologies, fulfilling a wide variety of residential properties, from apartments to villas. The Prestige Willow Tree in Vidyaranyapura, North Bangalore, is a beautifully designed project in Bangalore. Being located close to the International Airport, Prestige Willow Tree will also be a beautiful project to invest in. The residential project also has excellent amenities.
Prestige Meridian Park
Extremely abundant home development is called Prestige Meridian Park. It offers first-rate amenities. The prestige group is the one who created it. The 180-acre Prestige Meridian Park is vast. There are 2680 of them. Apartment-style residences with two, three, and four bedrooms have been thoughtfully created. The interiors of each flat are exquisite. These residences are really elegant. The tower is visible amid the vegetation. The lovely scenery can improve your lifestyle.
Prestige Eden Park
Furthermore, Prestige Eden Park is a stunning undertaking. The prestige group will soon begin work on this residential building. It can be found on Sarjapur Road. One of the city's most developed neighborhoods is this one. 9.7 acres make up its size. The apartments are roomy. Prestige Eden Park has a total of 2217 units. They provide the finest neighborhood and landscaped gardens. You will undoubtedly have a rich life experience thanks to it.
Prestige Kew Gardens
A high-end housing development is the exclusive Kew Gardens. It offers large flats. It is in the Bangalore suburb of Yemlur. 15.74 acres make up its whole area. The initial outlay is 40.17 lac rupees. In 2019, the units were completed.
Prestige Silver Sun
A completed condo is called Prestige Silver Sun. The Outer Ring Road, Sarjapur, and Marathahalli are all close by. This is in Bangalore's East. It is a 3 BHK apartment with a 2 BHK. It is a region with development. The area of the prestige silver sun is 1221–1949 square feet. The starting price for this apartment is Rs. 1.15 crore and beyond. Many amenities are available here, including a clubhouse, a gathering space, and swimming.
Prestige Sunny Side
Bangalore is situated on the Marathahalli-Sarjapur Outer Ring Road. The flat is ready for Sunny Side Prestige to move in. It occupies an area of 3.8 acres. 1370 to 2439 square feet are available in various sizes. At this location, the cost is Rs. 67.82 lacks. An apartment measuring 2439 square feet costs Rs. 1.21 crore. The amenities and infrastructure of Sunny Side Prestige are excellent.
Prestige Lakeside Habitat
Prestige Lakeside Habitat is another posh residential enclave on Whitefield-Sarjapur Road. Sprawling across a massive 102 acres, the project showcases a total of 3,697 unique and breathtaking dwellings, out of which there are 3,426 impressive apartments in 1, 2, 3, and 4 bedroom sets and 271 imposing villas with 3 and 4 bedroom sets in an array of configurations, layouts, and prices. This grandeur overlooks the pristine Varthur Lake, the periphery encapsulates 80 acres of open landscape, and each exquisite villa has private gardens. Each of the abodes is thoughtfully planned and designed, which offers the dwellers a fine living experience. The residents enjoy the perfect bliss: world-class architecture, specs, interiors, select recreational amenities, and other facilities. The starting price of the outstanding property is INR 95 lakhs, and the property is currently sold out.
Prestige White Meadows
One of the most well-known home builders is Prestige Group. The Prestige Group's best project is Prestige White Meadows. Prestige White Meadows in Whitefield comprises four structures and more than 60 villas and bungalows on one of the prettiest hills in the city. Due to its various amenities designed to international standards, Prestige White Meadows is one of the finest residences in Bangalore.
Prestige Aspen Greens
The stunning villa neighborhood known as Prestige Aspen Greens is situated in the city's biggest township, The Prestige City municipality. This collection of villas is part of the 180-acre Prestige City development and sits on a 20.3-acre block of land with numerous four-bedroom homes. Available space ranges from 3344 to 3612 square feet. There are around 149 apartments at Prestige Aspen Greens.
Prestige Serenity Shores
The prestigious real estate developer The Prestige Group's newest affluent, opulent residential expansion project is called Prestige Serenity Shores. This prestigious project is situated in Whitefield's up-and-coming, hip, and quickly growing neighborhood. This region used to be just a peaceful, frequently disregarded footloose town on the outskirts of the metropolis. The premium apartments in the residential complex range from 905 square feet to 2882 square feet and include 1, 2, 3, and 4 bedrooms. The homes are Vaastu-compliant, flawlessly ventilated, amply illuminated, and equipped with the best amenities and services. It is situated on 102 acres.
Prestige Lavender Fields
Prestige Lavender Fields is top-notch and luxurious among Reasons Why NRIs Must Look into Investing in Apartments. In Whitefield, Bangalore, the Prestige Group has developed a futuristic residential Township called Prestige Lavender Fields. The development offers luxurious 1, 2, and 3 BHK apartments. The location spans numerous acres and is home to tall towers with opulent urban residences. The idea integrates luxurious outdoor space with contemporary conveniences. This concept is a passionate address for a wealthy life filled with elegant homes and luxurious pleasures. The apartments here are the epitome of exquisite craft. The apartments are carefully designed to maximize the usable space and create a spacious, breezy feel. Each house offers plenty of room and complete seclusion. The homes have adequate natural lighting and airflow. The apartments follow the fundamental Vaastu laws and logistics.
