An emotional connection is not the only reason driving the surge of NRI investments in India’s real estate segment. The last few years have seen a spike in housing demand from foreign shores owing to India emerging as a strong economy, increasing employment opportunities & robust infrastructural development.
The numbers too bolster these realities as between 2019 and 2020, NRIs constituted 10 percent of the total real estate investments in India and the country is expected to witness a surge of 20 percent in investment by year 2025, reveals a report by NoBroker.
It’s not just about making wise investments for the golden years, for all NRIs. Post Covid, many of them have shifted in the ‘clean, green and work-life balance mode.’ Therefore, they are buying or investing in India’s real estate to ensure the safety of their elderly parents and even extended families. But the thrust on connectivity continues to be a priority.
Modern living includes access to city centers, malls, shopping areas, hospitals, ATMs, banks, and premier schools. Therefore, there has been a surge in investment patterns for penthouses, affordable and luxury living spaces and villas that can offer the stated amenities. Incidentally, these are a step ahead of the run-of-the mill gated communities as many of these residences are a part of modern integrated townships.
But what has really driven this change? Here are some factors:
Spaces promoting holistic growth: Besides spacious parks and serene corners, developers are giving special attention to vegetation and trees that support cleaner air quality as it not only enhances the quality of life but also adds a touch of something ‘meaningful’ for the discerning NRI customers. Many integrated townships also offer additional facilities like trainers, coaches, health experts and others who aid in creating good physical and mental health.
Smart integration: Housing complexes, integrated townships and other forms of residences are also offering technologies that seamlessly fit into daily life. These include: smart features like Central Command Centre, Smart Electric Grid, Intelligent Traffic, and Transport Management System, Water Management System, Cooking Gas Management, Waste Management, Homeland Security Management, Water Management, Solid Waste Management, City Portal, Street Light Automation among others
Green choices: Rather than merely investing in properties that offer green patches, NRI customers are making an informed choice as they are increasingly investing in sustainable and smart homes that save big on bills and also have a sustainable imprint for the planet. This includes investing in homes with green features like solar technology integration, energy-efficient LED lighting and more.
Technology and luxury, at their best: With technology advancing at a rapid pace and security becoming a prime priority, NRI investors are looking for a more ‘wholesome’ experience which combines world class amenities and security. They are looking beyond standard offerings like 24×7 CCTV surveillance. Hence, new-age tech systems like–RFID technology, home sensors, and enhanced security measures cater to discerning buyers.
Besides the above factors, the ROI and rental yields is also an attractive feature for NRI investors, given the current economic climate domestically and worldwide.
