For most of the Non-Resident Indians (NRI’s), Investing In a property in India has been considered a preferred investment tool. Ever since the introduction of RERA & GST occurred in 2016, investment in Indian real estate market has become lucrative for them. As per the data from the ANAROCK’s consumer sentiment survey for H1 2019, nearly 63% NRIs prefer real estate over any other investment in India.
The real estate industry has time and again proven to be an attractive asset class with higher returns. It has gained the attraction of both the locals as well as NRI’s across the world with its improved affordability & Indian real estate market being resilient to the slowdowns that this industry faced due to Covid-19 & the lockdown.
As per one estimate, NRI investments in India are likely to hit an all-time high of $13.1 billion in FY 2021. For the NRI, home is where the heart is! Having a house back in their own country is considered a practical & valuable possession. They always thought of returning their motherland & settling in their homes after retirement. Hence, they generally buy properties in India either for investment purposes or the need for security comfort & family & relatives attachments. In addition to financial appreciation, it also gives a sense of emotional security. Also, it builds a strong foundation for growing its business portfolio. (SOURCE-Financial Express)
Here are the few pointers that should be considered profitable while looking for property in India:
NRI’s are majorly interested in buying luxury residential homes. Lower rates & higher demand is leading the NRI’s interest to purchase properties at multiple locations which further leads to a rise in prices.
Discounts for NRI’s
NRI’s are considered to return to India at some point of time, hence, owning a home in their respective cities is a sound future investment. Due to Covid-19 slowdown, many developers are offering several benefits, attractive deals & offers in the residential real estate segment. This would help the NRI buyers to avail these discounts & plan their buy immediately.
Better Investment Prospects
Now is an excellent time for NRI’s to invest in the residential real estate sector as many developers are offering cheaper rates for their properties. Also, regulatory changes, like RERA & GST, has made this sector more transparent & accountable.
Right Choice of Builder:
Apart from the above choice, an NRI investor needs to understand that the choice of builders always matters the most. The kind of project they want to invest into must have avenues for the pursuit of hobbies & passions. For sports enthusiasts, courtyard for badminton, basketball etc. should be available. Facilities like swimming pools, jogging track, yoga lawn would attract fitness enthusiasts. The society should have ample CCTV cameras at various points, 24by7 security guards for the premises & other security measures must be in place for the safety of the residents. Multiple recreational activities must be planned for residents of different age groups for their active & healthy lifestyle. A well-maintained clubhouse will be an additional qualification while shortlisting the property.
Charms Castle – a residential society located at a budding neighbourhood of NCR, i.e. in Raj Nagar Extension, Ghaziabad. It’s a residential set up by a reputed builder of NCR- Charms India who has been into the construction business for more than 20 years now. It vows on its vision of providing high-quality, affordable houses to the people. Keeping in mind every necessity of the Indian as well as NRI customers, it boasts of providing homes with well- defined interiors & outdoors, which matches the requirements of persons of different age groups. Currently, there is a scheme going on where anyone can book a home in just BSP of 2699/- So, get in touch with us and book your future home.