In spite of the constant ups and downs in the Indian real estate market, it still remains the favorite investment destination for the NRIs. The main reason for getting a home back in their homeland is the emotional attachment they have with their country. Most of the NRIs want to return back to their land after they retire so they want their dream abode here.
There are several other reasons that attract the NRIs towards Indian real estate. Some of them are listed below:
Commercial Real Estate- India’s commercial real estate market is booming and it is a major driver of India’s economic growth. When commercial buildings start coming up in a particular area, the residential realty market around the location also witnesses a major revival. In NCR, commercial property in Faridabad, Gurgaon and Greater Noida attract a lot of NRI investors. Mumbai, Bangalore and Hyderabad are also popular commercial real estate markets. Commercial property fetches a long term profit in the form of leases and rents. The tenants are also easily available because of the boom in economic sentiments.
Regular Rental Returns- India is set on a journey of never-ending growth. Millions of people are turning to the developed parts of the country to find better growth opportunities, better jobs and better lifestyle. Several new commercial establishments come up each day. All this leads to a high demand for residential real estate in the country. So if as an NRI you invest a part of your earnings and buy even a small unit in India, it is going to fetch huge returns in the form of rentals. The high population density in India is what makes it a great place to invest in.
Long-Term Asset- Over the last decade, the property prices in India have escalated by a whopping 87% which indicates a phenomenal growth in its real estate market. According to the reports of Cushman and Wakefield, India’s property market will be worth $180 billion by the year 2020. It is clearly visible that the realty market is going to touch the skies in future. So, as an NRI, if you invest now and stay invested for long, you property will perform as a great long term asset.
Affordability- The difference in currency values is the main reason why investing in India is a great option for the NRIs. Moreover, the developers are also focusing on more affordable properties. The value of such homes is also going to multiply manifold. So instead of waiting for the right time, invest now. Now is the affordable time!
To encourage NRI investors to buy a home in India, developers are also coming up with NRI centered projects and deals and discounts exclusively for the NRIs. Real estate market sentiments do not remain the same all the time. So don’t think too much, take a step in the right direction. Buy a home in India, now!
Read More About……..NRI Investors Coming Back to Indian Real Estate