Non-Resident Indians (NRIs) look forward to investing in Indian real estate as it is their country of origin. While some invest in it solely as an investment option, others think of it as a backup to come back to when they decide to relocate to India. Whatever the reason, owning properties in the Indian real estate has never looked this good before. Especially after demonetisation and implementation of Real Estate Regulatory Authority, there is greater transparency in the real estate sector.
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This article lists down the top 5 cities in the nation where, as an NRI, you can invest to maximise your returns:
Mumbai, being the financial capital of India, continues to grow exponentially. The peripheral areas such as Thane and Navi Mumbai are the real estate hotspots that are driving the demand for residential realty in the city. Mumbai is counted among the high-priced property markets in Asia but that does not dissuade NRIs from investing here. This is because the city offers world-class infrastructure and amenities as compared to other metropolitan areas.
Must Read: NRI Investment Guide
Bangalore continues to attract a large number of working professionals because of its massive IT hubs. The IT capital of India is also the favourite destination of local as well as international businesses and start-ups. An increasing number of NRIs are parking their money in Bangalore’s real estate to earn handsome monthly rentals. You can even choose to earn income by converting your properties into a co-working space, which is the latest trend in Bangalore.
Pune emerges as a winner when you consider real estate investment destinations which offer excellent quality of life. Unlike Bangalore and Mumbai where life moves at a fast pace, Pune is preferred by homebuyers who wish for a blend of ease and buzz.
Most NRIs looking for second homes or retirement homes choose Pune as their ideal real estate destination because of its best-in-class facilities and proximity to Mumbai. Being the education hub, the demand for rentals in Pune is always on a higher side giving you ample opportunities to rent out your homes for earning monthly incomes.
Hyderabad is a bustling cosmopolitan that gives a strong fight to more prominent real estate markets in cities such as Delhi, Mumbai and Bangalore. The rate of properties in the city grew 14 per cent year-on-year in the last quarter of FY 2018-2019. And this at a time when the major property markets across other cities remained more or less unchanged. Hyderabad offers multiple premium housing projects and space crunch is never a challenge here unlike other space-starved megacities.
Chennai is one of the safest investment destinations to invest in because of its ideal industrial mix of healthcare, manufacturing sectors, technology and more. Good connectivity and growing infrastructure further boost the real estate sector in Chennai. There is always a steady demand for residential housing projects as the city offers immense job opportunities. The southern part of the city is touted to be fast growing and ideal for you to invest for fetching higher returns on your investment.