Indian realty is favourite investment option for GCC NRIs


    Share post:

    India is fast becoming the preferred real estate investment destination for GCC-based NRIs, stated a recent report.

    The demand is mainly driven by high returns and ease of purchase which in turn makes Indian real estate market an extremely rewarding proposition to GCC-centric NRIs with long-term investment perspectives.

    While NRIs continue to prefer metro cities in India such as Delhi, Gurgaon, Mumbai, and Chennai, cities like Chandigarh, Panchkula, Goa, and Kochi are also attracting investment from overseas. Among these, Delhi NCR is attracting a sizable portion of NRI investment in Indian real estate with Gurgaon in particular owing to its well-developed infrastructure and thriving social fabric.

    Although demand for properties in India is high, the supply is also increasing at a healthy pace, leading to rising prices. The depreciation of the rupee, the geopolitical situation, and the increase in global interest rates have further boosted foreign investment in Indian real estate.

    To make it easier for NRIs to invest in properties in India, the government has introduced several measures. NRIs can now more easily obtain a real estate investment license, avail of negative equity facility for property purchases, and access interest-free loans for self-financing real estate deals. These measures have made the real estate sector more accessible and appealing to NRIs. Additionally, several real estate firms offer services such as property financing, tax consultancy, etc. to NRIs and expatriates, simplifying the process of investing in Indian real estate.

    Investments from the GCC as a whole account for close to 41 percent of the global contribution reports quoted Aakash Ohri, Group Executive Director and Chief Business Officer, DLF Home Developers Ltd, as saying. with the contribution increasing in the last two years.


    Please enter your comment!
    Please enter your name here

    Related Posts

    Latest posts

    Housing Prices Surge 10% in Q1 2024: Bengaluru Leads with 19% Increase

    A recent report by CREDAI and Liases Foras reveals that average housing prices in India rose by 10%...

    Real Estate Developers & Agents To Come Out and Register Under RERA: Anand Kumar, Chairman, NCT of Delhi RERA 

    Real Estate Developers & Agents To Come Out and Register Under RERA: Anand Kumar, Chairman, NCT of Delhi...

    Healthcare Giant Narayana Hrudayalaya Invests in Bengaluru Real Estate: Southern Market on the Rise

    Bengaluru Real Estate: Narayana Hrudayalaya, a healthcare company, recently bought a piece of land in Bengaluru for a...

    The aspiring generation driving growth of the student housing segment

    Over the past decade, India’s education system has transformed immensely. This is further accentuated by the country’s technological...