there has been a dip in the quantum of investment in real estate by us nris but bangalore continues to remain as the favoured destination for realty investment in bay area reports v nagarajan from santa clarasanta clara the impact of economic slowdown has been increasingly felt on the overall demand pattern among us nris while investing in real estate back home however bangalore continues to remain the favoured destination for investment in housing but the quantum of demand has dipped over the years an estimated 45 per cent of the us nris wish to seek home loans while investing in residential property across the countryin a survey conducted during the 2day property show organised by priya publications and rebi and held in edison and santa clara during november 1220 southern cities drew more demand for investment in real estate in bay area alone bangalore continues to remain as the favoured destination for techies as chances of reemployment are better in the city for returning nris whereas in edison area chennai topped the list of cities for realty investmentother cities that evinced keen interest among nris include ahmedabad pune delhi gurgaon mumbai hyderabad and kochi among tier iii cities that are driving demand specific mention must be made about mysore mangalore vishakhapattinam and coimbatore in south incidentally the level of interest for investment in ahmedabad is up especially with the state receiving more foreign investment for infrastructure projects leading to better yield for investorsunlike earlier demand for villas has surged with a significant number of visitors evincing keen interest to invest in villa projects in southern cities other categories of properties for which demand continues include office space developed plot and retail units a majority of the us nris are looking for professionally managed property management companies to manage their properties during their absence in india the setting up of shops by mncs like l j hooker red sky and remax has encouraged them to look at additional investment in real estatethe availability of guaranteed rental income properties has generated much interest due to minimal financial outgo and the flexibility to offset emi payment against rental income every month as developers are keen to manage such properties for the initial years nris evinced keen interest to invest in such propertiesaccording to market sources the overall situation is yet to improve though a majority of the techies are able to hold on to the jobs as there continues to be a demand for skilled jobs across us however those companies which are depending on the federal government for a chunk of its business are finding the going tough for instance cisco has laid off 10 of its employees all over the world because 20 of the revenue comes from the federal government spendingindustry sources point out that 35 of employees getting laid off is common in every company asset prices collapsed and threefifths of households in the us saw their wealth decline between 2007 and 2009 more than