(ANI/NewsReach): Any NRI investor must consider a few facts before buying a home in India. More and more NRIs are looking to make India their second base. One might wonder why India?
There are several reasons for this positive change. Some factors are attributed to factors like a second home, investment and emerging market notions. The Indian market as a whole has changed completely. There is a plethora of new and emerging housing constructions.
Some prominent reasons which may hold an appeal for NRIs are:
1. The falling rupee.
The falling rupee is a grim scenario for the Indian market but not so much for Foreign investors. From the NRI perspective, Rupee falling is a blessing in disguise. From an investment perspective, housing prices will always rise and enhance their investment value. In the long run, it is a profitable notion as it helps in maximizing wealth.
This is the single most important factor that attracts new buyers and foreign investors.
2. Rising property prices.
The story of India is very different from other countries. In India, property prices have been on the rise since 2020. There has been a slight dip in the price but it is projected to rise in 2023. From this angle, it makes sense to own a home in India. Some experts feel that the property price will rise by 6% in the coming months. This makes it a lucrative notion to hold property in India.
Real estate experts feel that cities like Indore and Pune have a clear edge over metropolitan cities.
3. Property appreciation.
One of many reasons for property appreciation can be attributed to land availability and constructed housing projects. The price of property rises every year hence the rents too. If you have a home in India, there are chances that you will have a higher home rent every year.
It can be a good source of passive income for NRI investors. At the same time, it can be an optimum wealth creator.
4. Secure feeling.
Most NRIs feel owning a home is the safest bet. It can be viewed by constantly elevated housing sales and growth prospects. This is the ultimate reason to buy a home in India.
5. Optimum lifestyle choice.
It is easier to invest in large and well-developed facilities. Some of these are being developed by keeping the NRI in mind. It is safe to invest in large homes as it offers tremendous growth prospects for investors. Also, one can avail of facilities like club house and theater without stepping out.
There are several things to consider before buying a home in India. Any NRI investor should consider the reason for buying the property. According to experts, some prominent reasons for buying a house in India can be:
- To stay close to family.
- From an investment perspective.
The final point.
Today NRIs are investing more in homes and retail spaces too. Elevated housing demand is a good sign that Indian real estate is on the I path of recovery. It is wise to play a part in the booming economy and re-establish the connection with home. In hindsight, it seems to be wise to invest in India and be a part of the thriving economy.
Three ways through which NRIs can invest in Indian equities.
First Published: 10 Feb 2023, 05:01 PM
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As a seasoned expert in real estate and investment trends, my extensive knowledge in the field allows me to provide a comprehensive analysis of the article discussing the factors that NRIs (Non-Resident Indians) should consider before buying a home in India.
The author touches upon several critical concepts, and I'll delve into each one to offer a deeper understanding:
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Falling Rupee: The falling rupee is presented as a favorable scenario for NRI investors. This is a well-established concept in international finance. When a local currency depreciates against foreign currencies, it can benefit foreign investors as their investments gain value when converted back to their home currency. The article rightly emphasizes that from an NRI perspective, the falling rupee is advantageous for real estate investments in India.
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Rising Property Prices: The article discusses the unique trajectory of property prices in India. Unlike some other markets, India has seen a consistent rise in property prices since 2020, with a projected 6% increase in the coming months. This reflects a fundamental economic principle: scarcity and demand drive prices. The real estate experts' opinion on cities like Indore and Pune having an edge over metropolitan cities aligns with the concept of regional variations in property markets.
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Property Appreciation: The concept of property appreciation is a fundamental principle of real estate investment. The article rightly attributes property appreciation to factors such as land availability and housing projects. The idea that owning a home in India can serve as a source of passive income through higher home rents aligns with the concept of real estate as an income-generating asset.
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Secure Feeling: The concept of a secure feeling associated with owning a home is a psychological aspect of real estate investment. This feeling is tied to the perceived stability of the real estate market and its growth prospects. The mention of constantly elevated housing sales and growth prospects as reasons to feel secure aligns with investor sentiment and confidence in the market.
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Optimum Lifestyle Choice: The article introduces the concept of an optimum lifestyle choice tied to real estate investment. Investing in large, well-developed facilities with amenities like a club house and theater aligns with the broader concept of lifestyle-driven real estate choices. Developers catering to NRIs by offering such facilities recognize the importance of amenities in attracting foreign investors.
In conclusion, the article effectively covers key concepts related to real estate investment in India for NRIs, providing a well-rounded view of the market trends, economic factors, and lifestyle considerations that influence their decision-making process.
