Investing in Real Estate in India is a topic of perennial interest to NRIs. We frequently review NRI investment opportunities and ideas on this blog. A few recent blogs include:
- NRIs : Is real estate in India not a good investment right now ?
- NRIs for real estate investment in India – Know the simple Rules
- Update on Investing in Real Estate in India for NRIs
- NRI investment in real estate: Flexible policies are the need of the hour
Continuing the series, here is an extract from a recent article in The Hindu
Indian real estate has always drawn the attention of Non Resident Indians (NRIs) simply because it is their country of origin.Indian real estate has always drawn the attention of Non Resident Indians (NRIs) simply because it is their country of origin.
Investing in realty, however, can be a little trickier when the buyer isn’t physically present. Although a lot of recent technological advancement such as virtual and augmented reality has made property buying simpler for NRIs, choosing the right city and location for the investment still requires considerable research before committing.
If you are an NRI looking for options to invest in Indian real estate, here are a few cities you could consider.
Mumbai – This bustling city continues to grow exponentially and due to this sole reason growth in peripheral areas is expected to be significant.
Hyderabad – Hyderabad is fast becoming the major IT hub in the country.
Bangalore – Bangalore continues to be a draw for IT/ITES employees with its pleasant weather and steady real estate market. Social infrastructure in the city is growing, and connectivity will reach greater levels with the completion of the next phase of the Metro system.
Chennai – Chennai realty is considered a safe investment simply because of the fact that there’s continuing demand for homes driven by the impressive industrial mix including technology, automobile, healthcare and manufacturing sectors. Areas in the southern part of the city are touted to be fast growing.
You may also be interested in the GaramChai.com section on Realtors