Top Cities For NRIs To Invest In India

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Top Cities For NRIs To Invest In India
Jan 2018
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In Green Homes
Indian realty has always drawn the attention of
the non-resident Indians simpLy as it is the
country of origin. Now, the appeal of real estate
in India is improving as the form of an
investment as well. With the Real Estate
Regulation and Development Act and demonetization
capable to boost transparency in the realty
sector owning properties in the country has never
looked this good before.
However, investing in real estate can be trickier
when the home buyer is not present physically.
Although a lot of present technologies
advancement like augmented and virtual reality
has made the buyers of property simpler for
non-resident Indians choosing correct city and
location for investment still needs considerable
research before committing. If you are a
non-resident Indians with options to invest in
the real estate market in India, here are some
cities you can actually consider.
Mumbai
This promising city continues to grow
exponentially as well as due to the sole reason
growth in the peripheral areas is expected to be
important. Where to invest?
Navi Mumbai
Thane
Navi Mumbai and Thane have increasing
opportunities for employment which in return are
dividing demand for housing realty. Thane finds
the inclusion of the smart cities list as well as
enjoys excellent infrastructure. Its connectivity
to the central Mumbai is heartening. The average
price per square feet is Thane East is Rs1138 and
Rs1120 for Thane West. On the other hand, Navi
Mumbai is touted to be a well-planned city with
the exceedingly great transportation and
International Airport under-construction will
serve to boost the price of property upon
completion. The average rates of property can
range from Rs17659 per square feet for high-end
locations to Rs3316 per square feet for the
affordable locations. Hyderabad Hyderabad is
becoming fast the prime IT hub in the
country. Where to invest?
Gachibowli (Average price per square feet -
Rs 4150) Manikonda (Average price per square
feet - Rs 3141)
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Why?
Gachibowli and Manikonda are specific, are the
areas that will have important growth in
foreseeable future. Manikonda is driven by the
demand from IT sector. It is reflected a
fast-growing affordable locality. Connectivity
from both the areas are reasonably great and
continues to improve. Gachibowli is the favorite
IT employees who work in the nearby areas. Here,
the infrastructure us in upswing and close to
international airport. Bangalore Bangalore
continues to draw for IT/ITES employees with the
pleasant weather as well as steady realty market.
The social infrastructure in the city is growing
and the connectivity will reach greater levels
with the completion of next phase of Metro
system. Where to invest? Kanakapura Road
(Average price - Rs 5131 per square feet)
Hennur Road (Average price - Rs 5442 per square
feet) Sarjapur Road (Average price - Rs 5172
per square feet) Bannerghatta Road (Average
price - Rs 5403 per square feet) Why? Their
upcoming areas will develop connectivity and
infrastructure. Kanakapura Road specifically is
advancing from easy access to Outer Ring Road,
NICE Road and now, Green Line Metro. Chennai Real
estate in Chennai is considered a safe investment
simple as the fact that there is continuing
demand for the homes driven by impressive
industrial mix including automobile, technology,
manufacturing and healthcare sectors. The area in
the southern part is touted to be growing
fast. Where to invest? Grand Southern Trunk
(GST) Road (Average price - Rs 4099 per square
feet) Outer Ring Road Vandalur (Average
price - Rs 4578 per square feet) Why? With great
connectivity and growing infrastructure, the
areas offer something for everyone. Ahmadabad Ahma
dabad has seen a present surge in the employment
opportunities. This basically hassled to the
increase in demand for housing properties. The
infrastructural improvements have enhanced the
accessibility to the peripheral areas. The
government has certainly made city friendly for
investors through features like transparency, low
entry points, incentives designed to attract
investors and ease of procedures. Where to
invest? SG Highway (Average price - Rs 3536
per square feet) Bodakdev (Average price -
Rs 5739 per square feet) Maninagar (Average
price - Rs 3947 per square feet) Gota
(Average price - Rs 3193 per square feet)
Prahlad Nagar (Average price - Rs 5378 per square
feet) Thaltej (Average price - Rs 5366 per
square feet) Why? The emerging areas come with
opportunities for sustained growth in
future. After alleviation of fears of a slowdown,
real estate in India is poised well to rise to
new heights. This certainly is a great time to
purchase a property irrespective of whether it
intends for housing purposes or the investment
avenues.
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