The COVID-19 Pandemic has affected many aspects of people’s lives. It has also brought to light the importance of having one’s own home or property to rely on, in rainy days. NRIs across the world are viewing Indian Realty as a potential Market for rewarding investment returns as well as for attaining a sense of security. Even though in the meantime, NRIs may not be in the right frame of mind to invest in property investment right away, but as the situation gets better, the NRI investment will definitely soar. The reason being the realization of the importance of owning an asset which can be used either for the purpose of accommodation and is profitable in the long run.
There has been a major shift in the priorities of people, having a home as a strong asset that can be relied on in unpredictable times has become very clear. Additionally, investors have also had time to reevaluate their investment strategies, bringing Real Estate Sector on the top. Real Estate Sector has more potential of witnessing accelerated growth as soon as the current situation gradually gets better. Compared to other investments, Real Estate investments are more secure, because even if the value drops, property can be utilized as a residence or can be rented out.
There are many reasons inclining towards the possibility of increased NRI investment in Indian Realty Sector. It is predicted that Real Estate Investment in India is the best investment for NRI. Property investment is ideal for many reasons, property is not just an asset but also a long-term investment that can be made for high returns. In the meantime, considering the situation, people living across the world have been faced with a vulnerable situation. It has highlighted the significance of having a home in a familiar country and how beneficial it can be. NRIs across the world seek a sense of relief from an investment in Indian Real Estate. In case they wish to settle in India in the future, it provides a sense of comfort, having a home to count on, in a dependable country where their relatives or family already resides.
A major reason behind NRIs wanting to curve back to India is the high living expenses that they have to incur in other countries. This has a massive impact, especially in times of calamities, when there is uncertainty in terms of having a reliable source of high income. Many students studying abroad or those who were willing to move abroad this year have also made their way back to India to live with their close ones. This has also made the significance and contentment that comes with being in a country that is amicable.
Property investment is comparatively more feasible for people due to the difference in the currency and its value. For an NRI investment in Real Estate in India is far more affordable than in any other country, considering more than one aspect. Not only does it allow the NRIs to have an edge in terms of monetary strength but it also makes Indian Real Estate seem very feasible.
One of the major reasons NRI investments in India are presumed is because of the depreciation of value of Indian Rupee. This poses an ideal opportunity for NRIs with higher purchasing power to make the best property investment to luxuriate in the future.
The monetary benefits being provided by the government further edify this opportunity. The low interest rates are very appealing to potential home buyers, specially NRIs with high purchasing power.
Another major reason behind Indian Real Estate in the meantime being advantageous for NRIs is the various schemes that have been introduced by Real Estate Developers to entice the investors as well as home buyers. This poses an even more promising opportunity for NRIs.
Top Real Estate Developer in Punjab SBP Group, offers great investment opportunities in residential property via townships and residential apartments have promising times to look forward to. SBP Group has always been NRIs choice considering it does not only match but also surpass worldly standards. SBP Group’s project like City of Dreams & Gateway of Dreams, curated with a futuristic approach, with worldly amenities are an ideal investment opportunity for the everyone, especially the NRIs who are used to living in top-notch localities, with a high standard of lifestyle.
Considering the overall scenario of Indian Real Estate, it is very adamant that the sector has made massive advancements over the years. Be it in terms of Infrastructure or connectivity, the real estate projects are built with a lot of thought and distinction.
In conclusion, Real Estate will be witnessing an upsurge in investment and especially investment from NRIs living in various parts of the world.