India, Feb. 6 -- A high-value villa resale in Bengaluru's Whitefield has sparked a debate over whether the city's real estate market is mirroring the US' Bay Area, where global capital often outpaces local buying power, Bengaluru homebuyers say.

The city's residential market is increasingly seeing overseas capital outbid local buyers, triggering concerns that it could mirror global tech hubs like San Francisco, New York, or Hong Kong, where homeownership has slipped beyond the reach of local residents, Redditors say.

A 4-BHK villa at a premium project in Bengaluru was picked up by an NRI buyer at the full asking price of Rs.7.5 crore, outbidding a resident buyer after months of negotiation, highlighting how overseas Indians are beginnin...