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Good Time for NRIs to Invest in Indian Real Estate

23 Nov 2015


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Good Time for NRIs to Invest in Indian Real EstateSlowly but steadily Indian realty sector is getting back in the pink of health. After the humongous success of the recent festive season, the real estate sector is looking to keep the momentum going. It is a clear indication of good times when the NRIs start to consider the options of investing in Indian real estate. The NRI clientele usually breaks into the segment of HNI (High net-worth individuals) and they are willing to pay big for the homes which offer high-end luxury living spaces.

 

So what is the takeaway for the reactors in this growing NRI market? India real estate market across the residential, retail, hospitality and commercial verticals is expected to grow at least 30 percent over the next few years, and by 2020 the market's estimated value would be somewhere around $180 billion dollars. It's huge opportunity for the market to capitalizes on. However, the downside is the investment opportunity lies more into the overall dynamism of the market than the speed of growth. It has been observed that the long-term investment in the Indian market pays rich dividends. The NRIs are very well aware of this facet of the Indian realty market. Usually, NRIs invest in the state of their origin – Kerala, Maharashtra, Tamil Nadu and Delhi NCR. But the current trend suggests that the NRI clients are leaning towards Delhi and Mumbai market as both present huge opportunities being political and financial capital respectively. And the developers are doing the needful by offering discounts, festive offers, tax exemptions, etc. to make most of it.

 

The slack period of last five years has had an adverse effect on the market. Many misjudged the demands, requirements and financial viability which put the market in the limbo. Now the corrective measures have been imposed. The demand for the luxury and semi-luxury homes is on the rise. In cities like Pune the demand never really went down, and the upcoming residential projects in Pune are garnering good market. Here's a is a word of advice for the NRI who are waiting for the right time to invest – now is the best time to invest. It can't get any better.

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