Indians, whether they live in India or abroad, love to invest into real estate. They find that real estate investment is more emotionally satisfying than other investment options. In 2018, NRI investments into real estate touched the $13 billion mark as per estimates given by the World Bank. The real estate market is in a slump or stagnant mode across the country since last year but the NRI investments have not dried up. Domestically the investors are slower in their investments but NRI are still looking for hot properties across India.
Given below are a few destinations that NRI should consider investing
Hyderabad
The city is fast becoming the favourite destination of global companies to set up their largest facilities. The property value also has seen good growth in the last two years with properties growing by 14% in value in many locations. The property prices are not yet so high that you would expect and are perfect if you want to invest into larger properties. The city is yet not saturated like the other metros thus giving better options of luxury properties for NRI investors. It is also ranked as one of the best cities to live in, in India.
Mumbai
This is the favourite city of NRIs even though the property prices are skyrocketing. It is one of India’s wealthiest cities and there is a constant demand for property and the appreciation is also remarkable despite the saturation and options in properties. The real estate grows for obvious reasons thus making it an investment haven for NRIs.
Pune
This prior college town is booming over the past decade with a large number of IT firms setting up offices there. Compared to Mumbai, Pune presents a better quality of life and since its in its growth phase, it is the perfect place to invest for NRIs. This city also has high rental demand because it is also the education hub of Maharashtra ensuring a continuous flow of tenants. Some of the project in pune are VTP Bluewaters, Kolte Patile Life Republic, VTP Hilife etc.,
Chennai
This is the city with the lowest cost of living in India and is the best place to invest into for NRIs if they are looking for value for money for their investment. The real estate market is not as turbulent as the other metros thus making it a safer investment option in comparison to other cities. The city enjoys a multi-industry investment hence catering to a mixed crowd of investors, tenants, expatriates and residents.
Bengaluru
The information technology capital of India is a preferred location if you want to invest into commercial properties. This city offers an average annual rental yield of 10% on its commercial properties as per estimates. If you are looking to invest into a commercial property as an NRI then this is the city you need to consider. Some of the project for best investment in Bangalore are Prestige Lakeside Habitat, Nikoo Homes, etc.,
The fluctuating rupee always gives NRI a better opportunity to invest into Indian real estate. There has been a steadily growing interest from the NRI community over the past few years despite domestic market stagnation.
