Real Estate is considered as the most favorite asset and investment opportunity for NRIs. Many market studies have predicted high returns and price appreciation.
Rising Demand for Affordable and mid-segment projects
- The rise in demand for affordable and mid-segment projects due to easy affordability, lesser risk, better rental returns have made real estate investment a priority amongst the best NRI investment options.
- Post the demonetization of 2016, NRIs also have gained an advantage in the luxury property market in India. Gradual price appreciation in key markets like Mumbai where a lot of infrastructures is rising is turning beneficial for booming NRI Investment in Indian Real Estate Industry.
Introduction of RERA and GST
- Earlier, the cumbersome and painstaking process of follow-ups with developers was a common deterrent in making a purchasing decision. However, the introduction of RERA and GST have increasingly contributed to bringing back the confidence of NRIs in Indian Real Estate.
- RERA ensures transparency and allows 100% FDI in construction. The formation of RERA to support clients and to penalize errant developers is a noteworthy move.
Keen interest to invest in metropolitan cities
Estate experts claim that NRIs are mostly keen on purchasing properties in metropolitan cities like Mumbai, Pune, and Delhi. Mumbai is a prime spot as it is the financial hub of India and major corporate offices exist there.
Continuation of a strong government
Experts who closely monitor the changing developments in the real estate industry have predicted that the continuation of a strong government of Prime Minister Narendra Modi for the coming five years also has driven many NRIs to increase their investments.
Therefore from all the above factors, it can be said that it is the right time to invest in realty sector as developers offer cheaper rates for best properties in order to clear unsold inventories. Property rates have significantly dropped after demonetization drive. The fluctuating rupee and policy reforms have made Indian realty popular in the NRI group.
ESSPEE Group is unparalleled and fast growing business entity that works through innovation and value-driven business in the real estate industry. We have created a benchmark in developing excellent residential and commercial workspaces that thrive. ESSPEE is a leading real estate company in Vadodara.