Indian Real Estate: Once Again Attractive For NRIs

Indian Real Estate: Once Again Attractive For NRIs

Over the past few decades, the urge to ensure a better standard of living for themselves and their families back home has led countless Indians to migrate to countries offering attractive work-pay equations. This income-generating objective is the highest common factor – and though NRIs’ ties with their country of birth sometimes erode to a certain extent, the willingness to turn a decent profit on investments back home does not.

For a protracted period, investments in India did not offer good returns, causing NRIs to choose to invest in the countries they migrated to – or anywhere else where the markets were attractive. However, with the resurgence of the Indian economy after the arrival of a stable government intent on boosting business in the country, things are changing. Today, the Indian realty market is once again a prime focus area for NRI investors.

The Indian realty sector as a whole – namely, across the residential, retail, hospitality and commercial verticals – is slated to grow at 30% over the next decade, attaining a market size of around USD 180 billion by 2020. However, the investment opportunity lies less in the Indian real estate sector’s speed of growth than in its overall dynamism. As such, it has been time and again vouchsafed that long-term investments into Indian realty pay off very well indeed as long as sound investment decisions have been taken.

Advantage NRI

NRIs today are keenly aware that Indian real estate once again presents them with a very hot investment proposition. That said, they do have their own leanings and predilections when it comes to where to invest. Generally, the NRI community prefers to invest in their states of origin – primarily Kerala, Karnataka, Tamil Nadu, Maharashtra and Delhi NCR. However, since residential inventory has piled up in the two major cities of Delhi (the political capital) and Mumbai (the financial capital), investors are currently very well placed to find good bargains in these markets, as most developers there are offering discounts and attractive financial schemes.

The advantage that UAE-based NRIs (by far the largest contingent) have is that they earn in Gulf currencies that have traded strongly against the Indian National Rupee. This factor off-sets a part of the house cost already. However, the rupee is bound to strengthen further, and the advantageous difference between the currencies will reduce as the Indian economy grows under a stable government at the centre

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Why Dwarka Expressway Has Given A Boost To Gurgaon Realty

Why Dwarka Expressway Has Given A Boost To Gurgaon Realty

In Addition To The Availability Of Good Infrastructure And Basic Facilities In The Vicinity, Connectivity Today Is A Major Deciding Factor While Buying A Property. Road Connectivity Has A Massive Impact On Real Estate Development And Prices. It Comes As A Little Surprise That Dwarka Expressway Is Poised To Become The New Shangrila And Centre Of Gurgaon. It Has Become A Significant Real Estate Investment Destination Owing To Its Vast Potential For Robust Growth And Expansion In The Coming Years. It Provides An Immaculate Blend Of Strategic Location, Varied Residential Options, World-Class Amenities And Easy Accessibility Via Infrastructure Development In The Area.

The Eight Lanes, 150 Meter Wide And 18 Km Long Dwarka Expressway Will Be A Boon To Commuters Travelling From Delhi To Gurgaon And Manesar Providing Them A Congestion Free Travel Especially When The Delhi-Gurgaon Expressway Has Witnessed Higher-Than-Expected Traffic Volume Growth. Due To Its Proximity To Delhi And Unparalleled Connectivity With Gurgaon And Manesar, The Real Estate Development In The Area Has Seen An Upsurge. The Infrastructural Development In And Around The Area Has Played An Instrumental Role In Its Growth. It Is Likely To Evolve Into A Seamlessly Connected Real Estate Destination.

After It Is Complete, It Will Provide Faster Access To The Airport; Connect Close To The 100-Metre-Wide Road Proposed In The New Master Plan, And The Areas Will Also Have Good Connectivity With The Proposed Diplomatic Enclave And The Current Metro Corridor. This Is The Prime Reason For The Buyers And Investors To Be Bullish About This Zone. Sectors Along Dwarka Expressway Are Going To Be Well Planned, Premium, Contemporary Urban Area When Complete As Per The Gurgaon Master Plan-2021. One Can Easily Say That The Areas That Will Fall In The Periphery Of This Expressway Will Become Posh Areas And Will Compete With Areas Like Shanti Niketan And Vasant Vihar. It Won’t Be Ambitious To Easy That

The Areas That Will Fall In The Periphery Of This Expressway Will Become As Posh As Its Neighborhood In The Noble Southern Part Of Delhi. The Faster Access To The Indira Gandhi International Airport Draws In Vote From The NRI Clientele Too. Educational Institutions Will Also Be There. The Lifestyle Here Is Going To Surpass The Ordinary.

The Investment Value Of Residential Properties Along The Dwarka Expressway Has Not Been Lost On Investors, Who Are Now Making A Beeline To Residential Developments In This Area. No Wonder Country’s Leading Developers Have Launched Their Projects Here. The Various Residential Options Are Available At A Price Lesser Than Most Places In Gurgaon. The Response To The Projects Has Been Phenomenal As The Buyers Have Started To Realize What Potential The Area Holds. The Pace Of Development Is Strong And The Return On Investment Will Be High In This Area. The Prices In The Area Have Almost Tripled -From Rs 2,250 Per Sq Ft To Rs 6,250 Per Sq Ft.

The Expressway Will Also Open Up Avenues For Planned Commercial And Urban Development In The Region. In Fact Commercial Development Is Visible In And Around Dwarka Expressway. It Has Been Rechristened `New Gurgaon` Due To The Booming IT/ITES Sectors, Corporate Offices, Shopping Malls, Markets Etc Here.

Most Of The Consumer Base In This Region Is The Upper And Upper-Middle Class Working Segment. For Working Professionals In Manesar, Gurgaon And Delhi, Dwarka Expressway Is The Ideal Residential Destination As Well As An Excellent Investment Option.

The Expanded Supply In Dwarka Expressway Would Correct Property Prices In Areas Like The Sohna Road And Golf Course Extension Road. Also, A Lot Of Developments Are Being Launched In The Affordable To Mid-Sized Market Segment Of Residential Housing. In Fact, These Areas Are Now Emerging As The Answer To The Question Of What Will Fill The Gap For Mid-Income Housing Demand.

Regards

Sanjay Sharma

Reias India Real Estate Pvt Ltd

Mobile- 09999964462

Web- www.reiasindia.Com

M3M Cosmopolitan Commercial Sites Update August 2015