Thanks to increasing prosperity among the Indian diaspora around the world, the Real Estate Sector of India has witnessed a growing and evolving demand amongst the ultra-rich NRIs. Their preferences, fuelled by an interconnected world, increased availability of sustainable options, world class infrastructure, and advantageous Price Differentials, make Real Estate investment in India a promising purchase for NRIs on multiple fronts. Per recent reports, there has been a 35% YOY rise in investments by NRIs in the Indian residential real estate market.
NRIs at large have witnessed a rise in income with higher paying jobs and flourishing businesses overseas. They are therefore looking at India as a great opportunity for real estate investment given the positive economical outlook for the country. These homes are lucrative rent generating assets for them as appreciation in India is higher than other markets. The currency advantage also remains a catalyst to encourage investments from other countries.
There is another segment of NRIs who are intending to return to India eventually. They are therefore buying homes in their hometowns or towns they intend to settle in. The India growth story is an intriguing avenue for many Indians living overseas.
When NRIs purchase houses in India, the investments support the country’s economy. Foreign investing is an important source of funding for the Indian economy. NRIs can now readily participate in the Indian real estate industry and benefit from its rapid expansion and dynamism.
