>  Blog >  Real Estate Market Update > real estate in india sees more nri property buyers
alisha | 28 Apr 2021

Real Estate In India Sees More NRI Property Buyers

Real Estate In India Sees More NRI Property Buyers

The investment by Non-Resident Indians (NRIs) in Indian real estate has always been a significant contribution to the country's economy. NRIs are open to the idea of property investment in their homeland as they find it a secure choice loaded with benefits. They have been buying properties in various parts of the country with an intent to earn rental income as well as come back to India and settle in the later stage of their lives.​

Prime cities like Delhi, Mumbai, Bengaluru, Kolkata, and Chennai continue to remain their first choice in property buying. Additionally, the infrastructural development of Tier-II cities has led to more real estate investment opportunities for them. Lately, the number of NRIs keen on buying properties in India has grown and the factors contributing to this trend are both lucrative and sentimental.

1. With the global coronavirus outbreak followed by lockdown, many NRIs have realised the importance of living in their homeland with their close ones. Hence, with the hope of returning to their country someday, they have started contacting developers and booking space in residential projects.

2. The lockdown also caused a massive downfall of several sectors and the economy. All these events eventually resulted in the depreciation of the Indian rupee. However, this depreciation has given NRIs the benefit of paying less money to buy the same property in India.

3. In the real estate sector, the price of properties has dropped dramatically. Moreover, the developers are giving special offers and discounts on property purchases. The golden phase for the buyers, both citizens and NRIs has begun.

4. The transparent regulatory measures and liberal policies such as Real Estate Regulatory Authority (RERA) and Goods and Services Tax (GST) have contributed to creating an attractive avenue for NRIs to invest in India. NRI buyers can stay assured of the construction quality, developer's credibility, documentation, and timely possession of the property more than ever.

5. Today, the developers have abundant choices to offer in terms of home designs. From eco-friendly features, modern facilities, international standard amenities to smart solutions, NRIs are presented with an extensive choice of homes in terms of design, theme, etc.

6. Interest rates on home loans are at an all-time low. Hence, it is the best time for NRIs who are intending to buy a house with a loan back home. NRIs can avail a bank loan of up to 80% of the property value. Some banks in the country are also offering credit at 6.5%.


Need Help?