NRI buyers interest for Indian real estate has increased by 35%

The NRIs, also referred to as non-resident Indians, might be experiencing a Swades moment. No, they are not moving back home, but it has been noted that they are fervently purchasing real estate here. Saurabh Garg, co-founder and chief business officer at NoBroker, stated in an interview with Business Insider that "we have noticed a 35% surge year-over-year in the investment of NRIs in Indian residential real estate. Their predilection for gated communities, which provide a variety of amenities, is especially indicative of this emerging trend.

Gated communities are a hot favourite amongst not only NRIs but the affluent Indian residents as well. Just a month back, a Hyderabad-based construction firm launched a Rs 3,000 crore gated community project claiming that it is the biggest in the city which has steadily seen a rise in rentals in the past few years. 

Adds Garg, “These communities provide not only enhanced security but a host of modern lifestyle resources, all of which contribute to an elevated lifestyle and high returns on investment (ROI) should they decide to rent out or sell later.”

The increased investment in Indian real estate by NRIs can be attributed to the ease of investment, owing to technological changes, especially as things are now online. The increased demand from NRIs is especially from the gulf countries, followed by Singapore, the United States, and Australia, says the NoBroker research. Chennai, Hyderabad, and Mumbai have seen maximum demand, but no surprises there. Parallel to this trend, NRIs are also showing notable interest in senior living real estate projects for their parents or grandparents. These properties usually have healthcare facilities or partnerships with nearby healthcare providers. Thus, their elders can have easy access to medical assistance within the comfort of their homes