The real estate sector of India is considered a lucrative investment opportunity for foreigners and nationals alike. However, over the past couple of years, the trend of NRIs investing in the Indian real estate sector has been on the rise. Whether it’s purchasing some off-plan 2 BHK flat for sale in Balkum Thane or some house in Pune, NRI are actively seen buying properties in India.
On this note, today we’re going to discuss some real estate hotpots in India that are a favourite among NRIs because of their fruitful returns. Continue reading to find out more about these amazing investment opportunities!
The Mumbai Metropolitan Region has long been a top favourite among investors. Despite being one of the most expensive property markets in the world, the demand for properties within this city is always on the rise. However, apart from Mumbai central, the upcoming suburbs of the city are also attracting NRIs.
Areas around the main city are slowly emerging as industrial, residential and IT hubs, which is leading to their increased demand. Some places that are worth investing within the MMR include Borivali, Thane, Mulund, Kharghar and Goregaon. Moreover, the upcoming government projects such as the extension of Metro Lines, construction of new sea-harbour link etc. are also contributing to the rising demand of properties in this region.
NCR Real Estate
The National Capital Region, New Delhi is another investment favourite among the NRIs. Areas such as New Gurgaon and Noida are some of the major investment markets offering high ROI.
Other than these two areas, many parts of the NCR have already attracted NRIs in the past. Ghaziabad, Gurugram as well as others on Dwarka Expressway and Noida Expressway have seen great growth in terms of profitability over the past years. However, still, the Noida expressway region is among the top real estate investment locations within the NCR especially after the opening of the Noida Special Economic Zone.
Due to growing popularity in this region, many multinationals, as well as local manufacturing companies. Relocated their plants here which further added to increasing demand for properties.
Pune is another city that has been quite famous for NRI investment. Due to the emerging IT sector and close proximity to Mumbai. Its housing industry has seen massive growth over the past decade. The presence of major IT companies in Hinjewadi as well as in neighbouring areas of Baner, Balewadi. Eastern suburbs of Khardi, Yerwada and Magarpatta has attracted a lot of investors to invest in properties.
Similarly, the area of Wagholi located on the eastern corridors has seen immense growth over the past couple of years. Moreover, Hinjewadi is emerging as the largest IT catchment in Asia. And has completely transformed from a rural area to an urban area.
Another good investment opportunity for NRI in South India is the princely city of Hyderabad. The northern and western regions of this city are ideal. For an investment as there are many luxurious projects in this region. Moreover, areas such as Kondapur and Shikpet are gaining. Popularity because of their close distance to major IT parks such as Kohinoor, Ascendas, and Mindspace Madhapur.
Likewise, Gachibowli is another upcoming high-yielding investment opportunity in this region whose demand is going to skyrocket soon. Because of the closeness to the upcoming city of HITEC and many other IT & ITeS centers. It’s expected to reap high profits for investors.
Chennai, the Detroit of India, is an incredible investment. Opportunity if you’re looking for a place to invest in Tamil Nadu. Apart from being the state capital, it is a major automobile. Hub of the country having more than 1/3 of the Indian automobile industry.
Bengaluru Real Estate
The Silicon Valley of India, Bengaluru is considered an ideal city in India for NRIs to reside in. Due to its amazing year-round weather and plethora of gardens, it is a fascinating city to live in. The eastern and southern parts of this city are more favorable for NRI investment. Particularly areas such as Devanahalli, Whitefield, and Sarjapur Road have a lot of fruitful housing options. These are some of the regions in India where you can invest in the real estate industry. With residential properties for sale in Mumbai getting very expensive. Housing units in the aforementioned areas can be considered for both residential and investment purposes.