Indian Real Estate Have Once Again Attracted The NRIs.
Looking from an investor’s point of view, Real Estate has always been a favorite one. It is one of the famous desires for everyone to have a rich place of living replete with countless comforts. Indian real estate sector is quite a major interest of NRIs to find the space to make their abode here.
And why someone will not have interest in it when Real Estate is one of the biggest employers with a 7% contribution to GDP and expecting 13% by the end of 2025! Can you imagine the importance and demand of real estate?
But the pandemic has somewhere brought the problems with the sale with the prices witnessing a plunge of 2-9%. This somewhere shook the market but the government schemes and initiatives have made it possible for people to keep their focus intact here and with that growth has been observed in regard to NRI investments.
Increasing NRI investment in India
In a report, it is said that the number of NRIs who invested in Indian real estate during FY21 reached $13.1 billion. A report from the company predicts that this number will rise by 12% to $14.9 billion by FY22.
Some facts about NRI investment have a look at them.
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Not just the developers, budget, and the property type are the preference but the location as well. NRIs keep the location as their priority for investment and here are the top Preferred Cities for Investment BY NRIs.
Preferred Construction Stage By NRIs
Government initiatives have worked as a favorable point for the investment of NRIs in India. With the introduction of schemes, most of the NRIs have developed an investment interest.