NRI Investment in Indian Realty is Profitable – The Know Hows and Whys!

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NRI Investment in Indian Realty is Profitable – The Know Hows and Whys!

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As it is said, “Home is where the heart is” and everyone understands this feeling all too well. However, NRIs probably feel this emotion a tad bit more intensely. Once you step out of your motherland and after years of hard work and struggle, it is natural to feel as if your roots are calling you back. It is this strong attachment that compels most NRIs to buy the property back in their homeland which they can call to be their “abode”.

NRI properties in India are seen be on a rise in the past few decades. The primary cause of this trend is that NRIs are always on the lookout for investing in immovable assets which will provide them with hefty returns and will allow them to receive some tax benefits as well. Seeing the growing numbers, real estate experts believe that an increased number of NRIs are looking for investing in property in Delhi NCR which is no doubt lucrative and profitable.

Hence, if long-term investments and an increased rate of returns are what you’re looking for while staying overseas, then investing in real estate projects in Delhi NCR

will be a wise choice.

What causes NRI Investment in Real Estate in India?

Indian property has always been a point of interest for NRIs. Of late, this reason has risen by quite a few notches. Therefore, a variety of reasons can be cited behind an NRI buying property in India. Although the emotional attachment with the roots cannot be ignored, however, in financial aspects, the reasons are different.

With the depreciation in the value of the rupee in the current times against most other currencies, this has provided NRIs with an added advantage to gain more in terms of returns, taxes, and a secured retired life back in India.

But, why Delhi NCR?

Similar to the South Indian real estate market, Delhi NCR has become one of the top real estate destinations for the NRIs. Real estate in Delhi NCR is selling like hot-cakes, right after Bengaluru and Pune.

Delhi NCR being the capital city of the sub-continent is by far the largest city which is accompanied by a huge amount of history. Densely populated, it is a place where culture meets tradition and innovation meets advancement. Being home to all major institutions, industries, and the government, the city brims with life and every corner oozes potential growth. A diverse range of property segments, starting from affordable housing to township in Delhi NCR, have made NRIs all the more interested to invest in Indian properties. More and more luxurious properties are being developed by well-known developers like Bharat City Developers in the Delhi NCR region, with the highest global standard amenities to suit the NRI lifestyle. NRIs from the Gulf and the USA are some of the highest potential clients who invest heftily not only on residential but commercial properties too.

Important Points to consider for NRI property buyers:

Reports by real estate stalwarts and experts have shown NRIs buying property in India involves a budget from 90lacs to 2.5 crores INR- which is no doubt a huge sum of money to invest. Hence, NRI property buyers in India must provide detailed attention to certain factors before going ahead and finalizing the deal.

1) Consider the Location – Although choosing a location might seem to be the first step to the process, it isn’t. Before zeroing on the exact location, you must determine the greater area or the city where you choose to invest. If you are looking to invest elsewhere, apart from the four metro cities, ensure a fair estimate of the potential demand the place possesses.

2)   Consider the Investment Size: If your goal is to buy property in Delhi NCR, and your long-term purpose is to enjoy large returns from rental income, then it will be wise to go by the books. As per the lending and finance companies, the EMI value of the property is 30% of your monthly income with a usual loan tenure of 20 years and an interest of 10%. So, the only way to get there is to do the calculations and then decide on your investment size.

3)   Consider the right time to buy: It is always profitable to buy real estate in India when the value of the rupee is falling against the currency of your income. This would lead to massive gains. Hence, it is important to watch the trend of the value of the rupee and pick the right time for investment accordingly.

Concluding…

With the fall of the value of the rupee and with the realty players upping their game in showing their property virtually, analysts feel that it is a great time to invest in NRI real estate, especially in residential projects in Delhi NCR. Bharat City, Ghaziabad is a property developing firm in Delhi NCR, which builds properties in some of the most sought-after locations in Delhi NCR. Being in the industry for more than 3 decades, we have shown exponential growth and are continuing to expand our horizon beyond Delhi NCR. 

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