NRI Investment in Realty Sector to grow to $ 13.1 bn

In the last few years, NRIs have come strength to strength in the Indian housing market. NRIs are one of the vital growth drivers for the Indian real estate. This rapidly growing concept leads to confidence levels of NRIs which reflects the transparency and clarity post-implementation of RERA, GST, and Housing for All by 2022.

As per the data available, NRI investments will rise to $13.1 billion in FY 21 from $6 billion in FY 14, growing by a little less than a CAGR of 11%. Major sources of NRI investments include the USA, Canada, GCC, UK, Singapore, Malaysia, etc. Interestingly, GCC is the biggest source of NRI investments, accounting for around 42% of the total investment inflow. As there is no citizenship option available in the Gulf region, it is natural for the expatriates living there to buy a home in India.

Mr. Pradeep Aggarwal, Chairman – ASSOCHAM National Council on Real Estate, Housing, and Urban Development, Founder and Chairman – Signature Global India Pvt. Ltd. said, “There has been a continuous rise in the demand not only for the luxury projects but also for the affordable projects due to easy affordability, relatively lesser risk and better rental returns. Hence, many NRIs are getting into the property market to hedge against potential risks as well, whereas developers are also coming up with the discounts to move their inventories.

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