Why do NRIs no longer invest in Indian real estate?

NRIs have begun to return to invest in Indian real estate, with NRI investments in Indian real estate totaling $13.1 billion last year and expected to grow by 12% this year.

"The real estate sector has proven to be an appealing asset class with healthier relative returns, attracting both locals and NRIs." "Today's NRI buyers seek a well-connected living ecosystem curated with numerous options for living, working, and playing luxuriously," said Ajay Taneja , Director of Agnayi Realtors.

Gurugram, which has some of the most exclusive commercial and residential real estates, has attracted NRIs over the years and has emerged as a real estate investment hub in the last two decades.

It has become a preferred destination for NRIs and ex-pats due to its strong infrastructure and social fabric, which includes some of the best international schools, hospitals, financial institutions, and retail spaces in and around the area.

Non-resident Indians' preferred asset class has always been residential real estate. The last few months have seen a gradual return of NRIs to the real estate market, boosting sales of luxury homes. The preference is now primarily for self-use. The significant increase in NRI inquiries and closings can be attributed to weakening rupees, pandemic-induced perception of owning a home in one's home country, and lower interest rates.

NRIs are actively investing in NCR in order to maximize returns as well as for self-occupancy. NRI investors are increasingly flocking to the region due to the rapid growth of residential projects in the NCR, as well as its fast-paced life. Furthermore, because Delhi NCR is a one-stop business destination, owning a home in the region has numerous advantages for NRIs.

For NRI investors from GCC nations, Indian real estate has long been a market with huge prospects. As the Indian rupee falls to record lows against the US dollar, there are a variety of side effects, including the fact that buying real estate in India is now relatively accessible for NRIs earning abroad and eager to take advantage of those high returns; as a result, we are seeing an increase in inquiries. This is especially true for residential real estate because, historically, the residential asset class has always provided high appreciation and has been a safer investment option, being much more mature in terms of coverage in various cities in India and flexibility in offering options for almost every budget.

Gurugram, which has some of the most prestigious commercial and residential real estates, has drawn NRIs throughout the years and has evolved as a real estate investment center in the last two decades.

It has been a favored location for NRIs and ex-pats because of its strong infrastructure and social fabric, which includes some of the greatest international schools, hospitals, financial institutions, and retail spaces in and around the area.

Gurgaon has always been the favorite investment location in the North. Gurgaon has been a real estate hotspot in recent years due to its proximity to Indira Gandhi International Airport, superb infrastructure, strategic connections, and cosmopolitan lifestyle. It is also a major commercial and business center, with numerous Fortune 500 corporations headquartered there.

Agnayi Realtors was established in 2005 with a vision to make it convenient for everyone to find the right investment opportunity in the blistering property market of Gurgaon. Agnayi Realtors is a one-stop solution for everyone who is dealing in properties or people who are searching for property. The company established in 2005 is headed by Mr. Ajay Taneja, a marketing professional with an MBA degree in Marketing and 14 years of invaluable experience in Real Estate.

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