Real estate has been thought of as a good investment for a long time, and for good reason. Homeownership has a lot of meaning for most Indians. It's often a big part of their vision of the future or the "great Indian dream." And it's nice to own your own house because it makes you feel like it's your home and not just a place to stay.

The Covid-19 pandemic has hurt economies all over the world, including India. Even though the Indian real estate market has had some problems in the last two years, it seems to be doing well. Indian buyers are more interested in buying homes now that the markets have reopened. Non-Resident Indians are a group of customers who have helped the real estate market growth in a big way (NRIs). Thanks to the new rules for the real estate market, the whole process is easier.

A report from "Big Realtors" says that the demand for homes has gone up because more people are moving to cities and household incomes are going up. It also said that NRIs had invested $13.3 billion in the Indian real estate market in FY21, which was more than the $13.1 billion that had been thought before. India is one of the top 10 countries where home prices go up the most.

According to NITI Aayog, the real estate market will grow to Rs. 65,000 crores (US$ 9.30 billion) by 2040 from Rs. 12,000 crores (US$ 1.72 billion) in 2019. In India, the market is expected to reach US$ 1 trillion by 2030, up from US$ 200 billion in 2021, and to make up 13% of the country's GDP by 2025.

Things That Cause Growth

NRIs have been putting a lot of money into Indian real estate since lockdowns ended and travel was allowed again, along with better financing options. NRIs have a lot of options when it comes to investing in real estate. Let's look at the main things that are making sales happen and making it possible for people to invest in the Indian real estate market.

Transparency In Regulations Increases Trust.

The most common way to invest is to buy apartments or houses and rent them out. The profit comes from the money that comes in from rent and from the fact that the value of the property goes up every year. The real estate market has been growing steadily for a number of reasons, such as the reduction of premium fees and stamp duty.

With the Indian government becoming more open to foreign investors and the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) coming up with policies and rules to encourage Foreign Direct Investments (FDI), NRIs are shifting their investment focus to India.

Reforms like the Goods and Services Tax (GST) and the Real Estate (Regulation and Development) Act (RERA) have made things more transparent and given buyers more confidence. NRI buyers can now work with reliable developers and buy properties that have been registered with RERA in a simpler way.

The fact that home loans have low-interest rates is also a plus. NRIs also benefit from the properties they own in India, which is called "indexation." For example, real estate that has been owned for more than 24 months is treated as a long-term capital asset and gets an indexation benefit while paying a simpler tax rate of 20%. Sections 80C and 80TTA of the Income-tax Act of India also let people get tax breaks.

Depreciating Rupee Value

 A lot of non-resident Indians (NRIs) are investing in the Indian real estate market because the value of the rupee is going down and the rules have changed since reforms were put in place. Indian Real Estate Vision 2025, a report by CII-Anarock, says that the COVID-19 pandemic has caused real estate prices to drop and the currency to fall, which has led to a lot of investment from the NRI community.

The Gulf Cooperation Council (GCC) is still a major place where non-resident Indians (NRIs) invest in India. According to data from 2021, GCC investments make up about 41% of all investments as a whole. In the United States, real estate investments from ex-pats make up 17% of all purchases. Singapore comes in second with 14%. (12 percent). The UK, Kenya, Germany, Canada, and South Africa are also very important source markets.

A Passive Income Stream or A Backup Plan

People have thought for a long time that investing in real estate is a great idea because you can never lose money. Even if you don't get a lot of money back, you will have something real and safe to fall back on. Most non-resident Indians (NRIs) buy homes in India as investments to rent out.

The pandemic has also been a wake-up call for the world's people. It has made Indians living abroad think about coming back to India to settle down in the future. Many companies have also allowed their workers to work from home all the time. So, investing in their home country is both a smart financial move and a way to show how much they care about it.

In the last few months, NRIs have been slowly getting back into the real estate market, which has helped sales of luxury homes. In order to meet the needs of NRIs, developers in Gurgaon have created a wide range of carefully crafted residential project offerings with bespoke luxury, magnificent interiors, panoramic views, 5-star services, and state-of-the-art amenities like a gym, spa, clubhouses, 247 security, and surveillance to give this segment a truly luxurious way of life. Delhi, Bengaluru, Pune, Chennai, and Mumbai are the other major cities where NRIs like to live. There was also more interest in tier II and tier III cities, especially Chandigarh, Jaipur, Kochi, Surat, Ahmedabad, and Lucknow.

Along with lower home loan interest rates, a stable currency, and clear rules, technology has also made it easier for NRIs to invest in India without being there in person. For example, developers can set up virtual tours, digitally inspect property layouts, and fill out paperwork all with the click of a button.

Gurgaon is always our first recommendation when it comes to getting the best ROI from the Indian real estate market and if you are looking to buy luxury apartments or the best commercial projects in India for a variety of reasons. Mostly foreign investors are willing to put their hard-earned money just into the Gurgaon real estate market. We have listed some residential projects in Gurgaon below:

Some Major Project To Invest In Gurgaon - Delhi NCR, India

  • Elan The Presidential: Elan The Presidential is the most luxurious project on Dwarka Expressway, Sector 106 Gurgaon. Elan New Launch Project received 40 acres of land. The development includes 3 BHK, 4 BHK, 5 BHK, and villas, as well as world-class amenities for the residents' comfort.  

  • Trump Tower Gurgaon: Tribeca Creators LLP is building Trump Tower in Gurgaon. It is a high-end residential building with ultra luxurious 3 BHK and 4 BHK apartments in Sector 65, Gurgaon. The project takes up 21.34 acres of land. About 254 units are available. Two towers with 47 floors each make up the Trump Tower Sector-65 housing society. 

  • Risland Sky Mansion: Risland Sky Mansion is the first 100-meter skyscraper in South Delhi. It is a great example of how to live in luxury and is in the middle of the city. One of the best projects in India, it has well-made 3 and 4-bedroom apartments and penthouses with unobstructed views of the Aravalli Greens.

  • Experion Windchants Villa: Experion Windchants is a housing project being built by Experion Developers. It started in July 2012 and is still being built. The project is in Gurgaon, Sector 112. The whole project takes up 23 acres of land

  • DLF Sector 63 Gurgaon: DLF Sector 63 Gurgaon is one of the best projects by DLF Properties. DLF Residential Projects is the crown jewel of Gurgaon because it is in the best part of the city. It has easy access to all major highways, large luxury apartments, and entrance cabinets with great views of the city. Read on to find out more about this wonderful project.

In addition to the reasons above, India's growth has been helped by a change in the economy over the past few years. As of now, the Indian economy is worth more than $2 trillion. It's important to note that most investors are between the ages of 55 and 70 and are looking to buy a home for their retirement. Young people between the ages of 35 and 45 are investing both for themselves and for their families back home. It's safe to say that the Indian real estate market will keep growing over the next few years, and NRIs will be a big part of that.

For investment in India, primarily Gurgaon, Delhi NCR, and Goa, you can connect with White Collar Realty, which is the best real estate company in Gurgaon's Sector 65, located on the Golf Course Extension Road. If you want the most up-to-date information about residential properties in Gurgaon, you can call us at +91-7065404303 or check out our website.