NRIs are investing big time in
Indian real estate market. Here is what NRIs look for before investing in a
property.
Having worked abroad for years,
number of NRI's look at settling down in their home land. They look for land
back home where NRIs can later settle down. Property prices in India often keep
on rising, so having a thought of investing in an Indian property is quite
natural. Another good reason for this is that investing in a property gives a
feeling of support and security.
"When it comes to investment
by NRIs, the main reason is the thought of resettling or resale. NCR has become
a favourite investment destination for NRIs as the NCR suburbs are close to
National Capital making it a better accommodation option and also because the
place is well developed offering higher rates of return," according to
Sanjay Rastogi, director, Saviour Builders.
Apart from good locality, easy
access to services like hospitals, shopping malls, airport and other
connectivity aspects are some of the major things that the NRIs look
for."Any location linked to the national capital is bound to see
significant appreciation, and these areas are also in demand on the secondary
sales market. This makes NCR a preferred destination for the NRIs," says
Santhosh Kumar, CEO operations & international director, JLL India.
According to experts, Delhi-NCR is their most preferred area, but there are
some areas which are high on demand. Gurgaon and Noida both are the preferred
destinations for NRIs to invest in properties in NCR. NRIs are now also
extending their search to places like Noida Extension, Greater Noida, Bhiwadi,
Dwarka Expressway and Sohna Road in expectation of good returns from these
areas in near future.
