The Indian real estate market is budding real fast recently. The realty developers are turning richer and richer with every passing year. The revenue the business is generating for the country is commendable. All in all, the business is soaring high. With new projects coming up almost everywhere around India, the chances of further growth of the market is 100 %.
There is development going on almost everywhere in India. From the bigger cities to the semi urban area, the realty market is blooming all over the country. There isn’t one area throughout the country where there is no development. New projects are beginning everywhere which is in turn giving a chance for investment to all the people of the country.
Well, not just the people who stay in the country are getting benefits from the real estate market, but the most recent trend that India has seen since some years now is the NRI’s investing in real estate in India.
Yes! This is indeed true. You may not be having knowledge about it, but it is indeed a fact that there are so many NRI’s who are investing in the real estate market in India. After knowing this fact the first thing that will come in your mind is one question which is ‘why do the NRI’s invest in India?’
Well, we understand the curiosity. And worry not, because we have the answer to your question.
There are so many new projects going on in various parts of the country. The price of property in these projects is not really high, especially if they are projects built in some smaller city.
Let us look at an example for better understanding. Let us consider a semi urban city of India, one of the most popular one being Ghaziabad
Ghaziabad is pretty much known and accomplished by now, however it is also a fact that it isn’t a city as big and developed as Mumbai, Delhi, etc. There are so many new projects in Ghaziabad that are going on currently. The property rates in these new projects aren’t as high as compared to property rates in the bigger cities. However looking at the way Ghaziabad is prospering in the commercial aspect, it would not be wrong to say that the prices of these properties in the near future will be hiking for sure. Now, we would give you a little list of current projects going on in the city,
- Bharat City
- Saya Gold Avenue
- KW Shristi
- Magnum Oasis Green
- Palm Resort
- Arocon Golf Ville
- ATS Advantage
- Angel Jupiter
- Saya Zenith
- Aditya Urban Homes
These were some new projects in Ghaziabad. All these projects are extremely profitable and are affordable to your pockets. They are just as good properties as the one in bigger cities however the price of the property is relatively less.
So when the NRI’s come to India for investing their money earned in Dollars and Pounds, it is quite easier for them to buy the properties in India in rupees. Also, by investing in these developing cities, they insure a profit for the near future. They can put their properties out for rent or can wait for some years until the property rate hikes. Both ways, they are going to obtain profit. So investing money in real estate of India is the newest trend that the NRI’s are following.