With the steady implementation of strong reforms and policies by the government, the Indian realty market has today become more buyer-friendly and transparent. This has led to an increase in the percentage of NRI investment in the key residential markets of India. Among all the cities, Bangalore has gained the most traction by NRI investors in recent times.
Due to the substantial difference between Indian Rupee and US Dollar, an investment in India is always a lucrative option for the Non-Resident Indians (NRI). While bonds, stocks and bank deposits are some ventures for them to park their money in, real estate, over time, has come out as their favorite investment venture. The simplified policy framework for NRI investment in the Indian real estate sector has revived their interests in the industry.
However, the NRIs also choose the perfect location for real estate investment so that they can earn high profits in the long run. A decade ago, Gurgaon used to be the largest NRI investment hub. Its rapidly developing commercial sector and the premium properties attracted their attention. This status was then shifted to Mumbai when branded residences and high-end skyscrapers were launched in the city. The recent reports suggest that Bangalore is, as of now, the favorite investment destination of NRIs in India. [Read more…]