Shajai Jacob, CEO – GCC (Middle East) – ANAROCK Property Consultants
- NRI investments into Indian real estate are led Indian expatriates from UAE, USA, UK, and Canada
- Bengaluru, Mumbai, Pune, Hyderabad, Chennai and Delhi-NCR currently attract the lion’s share of NRI investments
- Equities score higher than real estate on capital appreciation, but residential property comes with the benefit of rental yield, relatively lower risk and considerable tax benefits
Riding on a wave of economic reforms, improving transparency and better governance, foreign investments in Indian real estate are set to scale new heights.
With laws now allowing 100% FDI (foreign direct investment) in construction development and REITs now in place for commercial real estate, the Indian real estate industry will see increasing investment infusions from NRIs (non-resident Indians).
According to a World Bank report, India received USD 79 billion in remittances in 2018 – with a sizeable portion going into real estate.
NRI investments into Indian real estate are led Indian expatriates from UAE, USA, UK, and Canada. In terms of Indian cities,