NRIs are out to leverage the opportunity thrown up by Coronavirus adversity that has hit all sectors including real estate.

The newfound investment opportunity for NRIs comes due to the sharp depreciation of Indian currency. As a result of this, the cost of property has considerably gone down. With realty prices further moderated due to the Coronavirus crisis, NRI investors have good deals to pick. This scenario raises the prospects of property appreciation in the medium term. Also, with the highly shaky stock market, real estate investment is turning out to be more secure. In the residential segment, CoLiving has prospects of good returns in the short & medium-long run. Attractively priced commercial projects by good developers are also on the radar of NRIs.

Founder and Chairman, Signature Global Group and Chairman, National Council on Real Estate, Housing and Urban Development, ASSOCHAM, Pradeep Aggarwal says, ” The share of NRI investments in Indian real estate has been quite significant. And in these troubled times of liquidity crisis coupled with inventory overhang, residential properties with lower valuations make us more vulnerable towards NRI investments.