Robust NRI investment giving real estate a big push

According to a recently-released report by 360 Realtors, NRI investments in the real estate sector accounted for $13.1 billion in 2021 and are projected to grow by 12% in 2022.   The robust infrastructure growth and the rise of modern luxury and ultra-luxury property in the realty space are the primary reason for a spurt in the NRI investment. What can be viewed as a significant achievement in the domain of an expanding customer base for the Indian real estate sector, NRIs have begun to appreciate Indian properties and invest in them on a monumental scale. A recently-released report by 360 Realtors stated that NRI investments in the real estate sector accounted for $13.1 billion in 2021 and are projected to grow by 12% in 2022.