Is buying property in Bengaluru sight-unseen too risky?
NRI investment in Bengaluru without seeing the property feels like a huge gamble. My cousin in the US wants to buy a 2BHK around ₹1.5 Cr in Whitefield or Sarjapur Road for rental income. I work in real estate, so I see a lot of things, but guiding him remotely is tough. He's relying on virtual tours and my limited local checks. We're looking at projects by Prestige and Sobha. I know what builders don't always tell you face-to-face, let alone virtually. How do you really verify property condition, actual carpet area, or even OC status when you can't be physically there? Are the advertised rental yields truly achievable for NRIs right now? Anyone here bought for family from abroad without visiting? Any hidden pitfalls we should watch out for?
Comments
Yaar, I agree with you. My uncle also did this for a property near Adigara Kallahalli, regretting it now. Especially with OC and possession delays, it's a nightmare for NRIs to follow up. He lost so much peace of mind
Totally risky! Virtual tours are just for show, especially for a ₹1.5 Cr investment. My friend got burned by fancy renders and ended up with a sub-standard flat. Plus, the actual carpet area was way less than promised and the builder just shrugged.