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With the Indian real estate sector healing back to health, NRI investments have jumped back strongly in this sector. Last year, investments from the NRIs were $13.1 billion and this trend is likely to dominate the industry. This year, the NRI investment is likely to grow by 12%. For investors looking forward to grow their asset value, the real estate sector has proven to be a reliable avenue. Both locals and NRIs have channeled their funds in this segment. Besides, the NRIs are looking for a strong ecosystem with decent connections and plenty of options to work, live and enjoy a luxurious life. Considering all these factors, it would be a logical decision to invest in the Indian real estate sector.
In Gurgaon, the investment trends are visible pretty strong. This is one of the prime real estate pockets in the country. People are investing in both residential and commercial real estate. Over the years, this has attracted thousands of NRIs. Besides, the social infrastructure in the city has improved over the last two years. The city also has a strong commercial infrastructure with some of the most reputed international schools, financial institutions, hospitals, retail spaces, and places of interest around. It is no wonder that NRIs are willing to invest in this city.
Over the years, the NCR has emerged as a popular BPO hub, along with witnessing a consistent development in the IT and corporate sectors. Also, the residential sales in this part of the city are increasing. So, investors would be looking for quality apartments in Gurgaon. In the NCR, apartments are available under the categories like luxury and premium. This makes the NCR one of the best investment hubs for the residents.
For NRIs, residential real estate has been a popular asset class. Over the last few months, the NRI community has strongly come back, which boosted the sales of luxury properties. Currently, people are purchasing these homes mainly for self-use. With the rupee value weakening against the dollar, NRIs find lucrative deals in investing in Indian real estate.
Sales figures of real estate among NRIs have been increasing in other cities as well. Therefore, this would be a great time for NRIs to buy residential real estate in the top cities in India.
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