[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
The circumstances that the real estate sector finds itself in today is perhaps the most
opportune time for non-resident Indians (NRIs) to consider investing in property back home.
The historically low home loan interest rates at below 7 percent, improved transparency and
stricter regulatory mechanisms and ongoing consolidation in the realty sector in India give
them a rare opportunity to have a home in their country.
COVID-19 has enhanced the credibility of real estate as a financial and emotional asset.
During the lockdown, the sector has witnessed increased interest from NRIs as many are
considering moving back to India.
According to a recent report, a realty search portal revealed that it has seen a 254 percent
increase in inquiries for ready-to-move homes from the NRI community since March 2020.
The lockdown led to the re-evaluation of investment options for investors and consumers
alike. Market volatility loomed over many investment options that experienced acute
fluctuations. One sector that has shown resilience despite the lockdown and has begun to
pick momentum is the Indian real estate sector.
Traditionally, NRIs preferred investing in the residential real estate segment owing to a good
return on investment, reasonable capital appreciation and low rupee value. They are one of
the crucial growth drivers and the overall community accounts for a sizeable part of Indian
real estate demand.
While the pandemic has hit decision-making process of consumers, inquiries for homes have
reached pre-COVID levels. The next stage of development indicates India as a lucrative and
safe investment hub, especially in the real estate sector.
Read more at: https://www.moneycontrol.com/news/business/real-estate/covid-19-impact-nris-investing-in-residential-properties-in-india-across-segments-6136711.html
Have a nice day