Career opportunities with higher pay are becoming more popular. The advent of colleges and universities for multinational corporations is flourishing. Most of the time NRIs have shown interest only in luxury homes and holiday properties in India. With the recent and ongoing infrastructure growth, well-connected habitat has helped to fetch the reasonable attention of NRIs.
NRI investment in the real estate market has witnessed an increase. This has expanded the consumer market pool for developers and inspired them to gear up their projects in order to meet global living standards.
Director, Goel Ganga Developments, Anurag Goel said that the corporate culture is evolving and expanding its origins. Career opportunities with higher pay are becoming more popular. Also, the advent of colleges and universities for multinational corporations is flourishing.
The expansion of these intertwined factors has resulted in a surge in NRI interest to invest and possibly settle in India, he added.
Most of the time NRIs have shown interest only in luxury homes and holiday properties in India.
One of the partners of RPS Group, Suren Goyal said, “The NRI real estate investments have shown up at the time when the Indian real estate market showed slow growth. They poured a strong interest in luxury homes and vacation properties along with the significant proportion of bookings occurring foe the same. This is a favourable indicator for the real estate industry, as in comparison with other investment, it is consistently chosen as an appealing asset enticing greater and more positive returns.”
With the recent and ongoing infrastructure growth, well-connected habitat has helped to fetch the reasonable attention of NRIs.
“In an attempt to establish connections with the domestic land and opportunities to have a similar lifestyle, exchanges with individuals who share a same social and cultural fabric and identity, played an important role in the exceptional growth of NRIs in the real estate sector,” said Ankit Aggarwal, MD, Devika Group.