The Indian real estate sector is poised for further growth, driven significantly by Non-Resident Indian (NRI) investments. Recent industry estimates reveal that NRI purchases accounted for 10 percent of total real estate investments in India between 2019 and 2020.
Search for Stability Geopolitical tensions in CIS countries and Europe, along with recession fears in the US and Canada, have made NRIs cautious about investing in these regions. In contrast, India's neutral political stance and economic stability under its current leadership make it a more appealing investment destination.
These Tier-2 cities are becoming attractive due to improved connectivity, professional opportunities, and a better work-life balance.. NRIs view real estate investments as a means to preserve their lifestyle and cultural heritage, focusing on properties that offer stability, potential appreciation, and inheritance value.
Role of Technology and Transparency Tech innovations and real estate websites enable NRIs to access information and invest in properties in real-time. Additionally, favorable government policies such as the Real Estate Regulation and Development Act (RERA) have improved trust, transparency, accountability, and accessibility in the sector.
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