The real estate industry had an outstanding year in 2022. Almost all types of real estate properties are experiencing an increase in demand. The most noticeable trend among investors is a preference for independent plots to invest in and live a spacious, personalized lifestyle rather than apartments.
While NRIs encountered many difficulties during the pandemic, some were forced to return home with the most significant challenges, which made them strongly realize that their country is “Mine.”
It led to many NRIs investing in the real estate market for safety purposes. A side rental or lease income is an added advantage for NRI buyers. With the government of India supporting NRI investment, the process has been highly simplified and fast-moving in recent times. Let’s decode why 2023 is the best time for NRI investments in India.
2023 is an ideal time for NRI investment in Indian real estate due to a number of factors. Firstly, the rupee has been on an upward trajectory in recent years and is projected to gain further strength against the US dollar in 2023. NRI investors can take advantage of a favorable exchange rate when buying properties priced in rupees.
Furthermore, India’s real estate market is expected to grow enormously over the next few years as infrastructure projects being implemented across the country come online. Consequently, this growth will drive up demand for residential and commercial properties, making it an excellent opportunity for investors looking to capitalize on increasing property values.
| Future estimates:
The demand for gated communities in India is predicted to increase by 2.6 times by 2026, making it to a market size of $500 billion, i.e., 24 million Indian households will want to move within gated community townships in the next 5 years. |
For NRIs, this is one of the ideal times to invest in Indian real estate. Foreign investors currently have many advantages, from low-interest rates and market volatility to a supportive environment for government policy. It makes it the perfect time for NRIs to take advantage of the possibility presented by India’s thriving economy and expanding real estate market. Here are four strong arguments in favor of real estate investments in India:
The Indian government offers tax benefits and exemptions that make an investment in Indian real estate a more attractive option for NRIs than other investment forms. These include capital gains tax exemption, lower stamp duty charges, and reduced registration fees.
The Indian real estate market as a whole is booming, offering a variety of investment opportunities throughout the nation. When residing abroad, investing in residential, commercial, or industrial properties is advisable because they typically have tenants who occupy them for a more extended period of time, reducing the need for frequent tenant searches.
The real estate industry is known for its safest and most highly profitable return on investment. The only catch to holding the investment for a longer term, one can benefit from the irrational benefit of high ROI in the future.
| Fact:
Statistica estimates show India’s real estate market grew at a rate of 11.2% between 2015 and 2020. According to iPropertyManagement, the average home price index increased by 35.1% between January 2020 and February 2022. |
India’s population constantly expands, and many individuals migrate for studies or employment. These prudent factors are an added benefit, leading to high rental demands in cities. The year 2023 is no different. The rental demand is expected to stay strong, varying per the localities.
Covering 34% of the Indian population, the youth of India – millennials aim at investing in luxurious homes that provide convenience, connectivity and amenities to lead a quality life. The real estate market trends in fast-moving towards gated communities all around, providing different amenities within the township to set a sense of security, added benefits and a standard of life. Hence, there is a plethora of investment opportunities flowing in for the year 2023.
Staying abroad and intending to make a one-time, extensive investment in the real estate market is nothing short of a life-threatening risk. The process can be significantly streamlined with the help of a real estate developer, who can also provide expert advice, additional investment options, pre- and post-purchase guidance, and much more.
G Square is South India’s largest and Tamil Nadu’s No.1 real estate developer. We have helped several people invest in their dream projects and have a specialized team dedicated to processing an NRI investment plan and execution. If you are interested in investing in South India, we can help you achieve your goal with the best investment options in South India.
Our plots are located in prime locations like
You can contact us through our website for more details regarding investment opportunities or other industry-related guidance.
The optimum year to invest in gated communities in India is 2023. For NRIs to make the most money, they should buy residential plots in India, given the anticipated demand in this market. Other real estate types are also in demand; for more information, see the section about investing in the industrial sector.
You can also check out the exciting and cost-effective investment opportunities in South India on our website.
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