NRI (Non-Resident Indian) investments in Indian real estate have been on the rise in recent years. With the Indian government easing regulations and offering incentives to NRIs, more and more are showing interest in investing in the country’s booming real estate sector.
The reasons for this trend are many. Firstly, NRIs see India as a stable and lucrative investment destination, with a rapidly growing economy and a huge potential for growth in the real estate market. Secondly, the depreciation of the Indian rupee has made real estate investments more affordable for NRIs, who can now invest more for less.
The Indian government has also taken steps to encourage NRI investments in real estate. For example, it has allowed NRIs to repatriate the sale proceeds of immovable property in India, subject to certain conditions. Additionally, the government has relaxed rules on foreign direct investment (FDI) in the real estate sector, making it easier for NRIs to invest in the country.
As a result of these factors, NRIs now account for a significant portion of the investments in India’s real estate sector. NRIs invested over USD 13.3 billion in Indian real estate between 2015 and 2019. This trend is expected to continue in the coming years, with more and more NRIs looking to capitalize on the opportunities presented by India’s real estate market.
In conclusion, NRI investments in Indian real estate are on the rise, driven by a combination of factors including a stable economy, a depreciating rupee, and government incentives. This trend is expected to continue in the coming years, making India an attractive destination for NRIs looking to invest in real estate.