What Impact Has the Falling Rupee Had on Real Estate NRI Investments in India?
The value of the Indian rupee has been slowly declining in recent months as compared to the US dollar. Real Estate NRI Investments in India, not unexpectedly, many non-resident Indians (NRIs) have moved to invest in India’s residential real estate market to take advantage of reduced pricing as the value of the dollar rises.
Do you know that the rupee has lost more than 13% of its value versus the US dollar since the beginning of 2021?
However, this is not the only reason driving increased NRI investment in India. Several additional changes, such as the adoption of the Real Estate (Regulation & Development) Act, 2020 (RERA) and the adoption of the goods and services tax (GST), have boosted transparency in the real estate industry, strengthening NRI investor trust in India.
India now ranks 100th out of 190 countries in the Ease of Doing Business Index, up from 130th in 2017. This tremendous increase is a consequence of the government’s legislative and administrative changes, as well as the digitalization of different parts of the economy, such as bringing the home purchase process online, which has made it extremely simple for NRIs to buy a property in India.
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What Motivates Non-Resident Indians to Invest in Real Estate in India?
“NRIs prefer Indian real estate due to stronger long-term returns,” according to a KPMG analysis. According to the survey, 72% of NRIs desire senior living residential homes in India with lavish facilities and are willing to pay a significant premium for a suitable home. Furthermore, many NRIs feel compelled to buy a home in their birthplace due to familial ties. As a result, favored destinations for NRI investments are no longer restricted to metropolitan areas. Kochi, Coimbatore, Bengaluru, Chennai, Ahmedabad, Hyderabad, Trivandrum, Chandigarh, Pune, and Mumbai are presently among the top locations for NRI investment.
NRI Investment Opportunities in India
In the foreseeable future, real estate developers in India expect NRIs to make up a sizable portion of their consumer base. As a result, prominent builders in Mumbai are creating luxury residential complexes that are catered to the needs of NRI and young Indian buyers. Whether you are seeking capital gains or a luxurious home for yourself and your family, we can help.
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