5 Reasons Why Young NRIs Invest More in Indian Realty



5 Reasons Why Young NRIs Invest More in Indian Realty


Despite a possible period of stagnation, non-resident Indians continue to favour India's real estate as a place to invest. The increase in NRI investments is mainly due to price stability and favourable market conditions. According to a report by Assocham Secretary-General D S Rawat, "NRIs feel optimistic about the new government and anticipate more investment-friendly measures in various fields. People are more upbeat and interested in investing in real estate. This year, NRIs from the US, the UK, and the Asia Pacific Region are the focus of both small and large developers.

For young NRIs eager to permanently settle in India, owning a home there is crucial. A young NRI can become more rooted in his country and people by purchasing property there. Here's Why Indian Real Estate Attracts Young NRIs: NRIs who invest in real estate in India benefit from recurring rental income. Many young NRIs are making wise investments by purchasing homes in India and renting them out to generate revenue. Due to its expanding working population, India is the most popular country for real estate investment for rental purposes. India's real estate market has experienced phenomenal growth over ten years. Cushman and Wakefield predict that by 2020, the value of the Indian real estate market will reach $180 billion. Young NRIs want to purchase properties here as a long-term investment after seeing all these opportunities for the future.

Investment in Indian real estate is a good choice because of the disparity in the values of the two currencies. Young NRIs are attracted in large numbers to Indian real estate due to the affordability of the properties. Young NRIs have also been encouraged to invest more thanks to developers' growing emphasis on creating projects that are more accessible to and geared toward NRIs. Double–income NRI families also invest more in Indian property. The government has developed policies and programmes to revive the economy to increase investment options for NRIs, looking at those looking to invest in the real estate sector. More NRIs are eager to invest in this country in the wake of such government initiatives.

Launches of luxury residential projects by builders have significantly increased in Bangalore. These are not just regular homes but some of the most opulent residences you could ever hope to live in, such as Prestige Serenity Shores in Whitefield, Bangalore. They naturally want their homes to look the same because the lifestyle has become so abundant. Bangalore is now one of the wealthiest residents of India's most sought-after locations because of its booming economy and variety of prices. Many boutique luxury home builders are highly specialised and only serve that particular market segment. As opposed to volume luxury projects, which take much longer to complete, this format allows for the construction and delivery of luxury projects like Prestige Serenity Shores in as little as six to eight months. While they continue to concentrate on producing a lot of middle-class housing, other players are building high-end homes as a profitable side business in their portfolio. Because Bangalore offers better jobs and a better lifestyle, many people have relocated there from other parts of the nation. Here, the culture of apartment rentals is also very prevalent.

They view this format as an exceptional business opportunity because it allows for the construction and delivery of luxury projects like Prestige Serenity Shores in just six to eight months, as opposed to the much longer completion times for volume luxury projects. While they continue to focus on producing a lot of middle-class housing, other players are building high-end homes as a profitable side business in their portfolio. Bangalore has seen a large influx of residents from different regions, primarily because of the better lifestyle and employment opportunities there. There is also a strong culture of apartment rentals.

India's real estate remains a preferred financial investment destination for non-resident Indians despite a stagnant stage that may have affected it (NRI). This year, the NRI base is concentrated by both small and large developers in the US, the UK, and the APAC region. Increasing investments from NRIs are mainly due to cost stability and desirable market issues. According to D S Rawat, Secretary-General of the Associated Chambers of Commerce and Industry (Assocham), "NRIs feel good about the new federal government and anticipate more investment-friendly steps in various areas. People are happier and looking for properties to buy.

According to a study, "NRIs in the UAE between 18 and 35 make up 43% of financial investment in Indian real estate." Sunil Jaiswal, president of Sumansa Exhibitions, claims that while older people would typically plan and save for a home purchase in the past, more young people today want to increase their savings in the real estate market.

Why young NRIs are drawn to Indian real estate is examined below:

  • For young NRIs eager to settle in India, having a permanent residence is essential. A young NRI can feel more rooted in his country and people by purchasing real estate in India.
  • Purchasing a home in India enables NRIs to earn consistent rental income. Many young NRIs are making wise financial decisions by investing in residential properties in India and earning money by renting them out.
  • Over the past ten years, the Indian real estate market has undergone an extraordinary transformation. India's domestic market will be worth $180 billion by 2022. Young NRIs want to purchase the properties listed below as long-term possession after seeing all these opportunities for the future.
  • A significant factor attracting many young NRIs to Indian real estate is the excellent price of the properties. Financial investment in Indian real estate is a profitable decision because of the disparity in the value of currencies. Young NRIs have also been encouraged to spend more due to developers' growing emphasis on creating projects that are both affordable and geared toward them. Those with two incomes who are NRIs and are between the ages of 18 and 35 also invest significantly more in
  • The government has created numerous plans to increase financial investment options for NRIs looking to invest in the real estate sector to boost the economy. More NRIs are looking forward to supporting here after such government initiatives.

The launches of luxury residential projects by builders have significantly increased in Bangalore. These are not just regular homes but some of the most opulent residences you could ever hope to live in, such as Prestige Serenity Shores in Whitefield, Bangalore. They naturally want their homes to look the same because the lifestyle has become so abundant. Bangalore is now one of the wealthiest residents of India's most sought-after locations because of its booming economy and variety of prices. Many boutique luxury home builders are highly specialised and only serve that particular market segment.

As opposed to volume luxury projects, which take much longer to complete, this format allows for the construction and delivery of luxury projects like Prestige Serenity Shores in as little as six to eight months. While they continue to concentrate on producing a lot of middle-class housing, other players are building high-end homes as a profitable side business in their portfolio. Because Bangalore offers better jobs and a better lifestyle, many people have relocated there from other parts of the nation. Here, the culture of apartment rentals is also very prevalent.


Prestige Serenity Shores



Prestige Serenity Shores


Prestige Serenity Shores is a state-of-the-art apartment building inside the Prestige Lakeside Habitat on Whitefield, Varthur Road. From 905 to 2882 sq ft in size, the location offers luxury apartments with 1, 2, 3, and 4 bedrooms. The residences spread across 102 acres are Vaastu-compliant, perfectly ventilated, and abundantly lit homes with top-notch amenities and facilities. Whitefield is one of the best-infrastructured real estate hotspots in Bangalore. This region contains commercial hubs like IPTL and EPIP zone. Conveniently located near the project are renowned educational institutions, business parks, and shopping malls. IGATE, TESCO, and SAP are just a few of the prestigious MNCs close by, making the project a great place to live.

In East Bangalore's Gunjur of Varthur Hobli, close to the Whitefield - Sarjapur Main Road, you'll find Prestige Serenity Shores. Because of the project's picturesque greenery and pleasant surroundings, the esteemed residents have a new lease on life. The location offers a picture-perfect view of the famous Varthur Lake from every dwelling. The project is close to commercial areas, business parks, industrial catchments, centres for healthcare, and educational institutions. The project is close to the EPIP Zone and International Tech Park Bangalore (ITPB), home to numerous IT and ITES businesses. Numerous entertainment harbours and well-known restaurants can be found close to the township. Shopping centres like Forum Shantiniketan, VR Bengaluru, Inorbit Mall, and Phoenix Marketcity are close to the project's location.

The Prestige City



The Prestige City


The Prestige Group in Bangalore is developing the futuristic residential development known as The Prestige City, located off Sarjapur Road. On 180 acres, this cutting-edge city is made up of apartments, villas, and plots. A renowned architect designed the smart city, which was reviewed in the best pricing range and is located in a prime location. In Bangalore's Sarjapur Road, Prestige City is a gated neighborhood project with 12 million square feet of construction. 7000 1, 2, and 3 BHK apartments make up this township. The project also houses 808 plots and 140 villas. Elegant villas are located on 20.3 acres, and on 50 acres are superbly designed residential structures.

Prestige Jindal City



Prestige Jindal City


The Prestige Group is currently developing the futuristic project Prestige Jindal City. It provides 1, 2, 3, and 4 BHK flats and is located on a 32-acre plot of land off Tumkur Road in Bangalore. A residential wonder called Jindal City would provide 3571 dwelling units. The building is on Tumkur Road. The metro station is right close to the most celebrated project, Prestige Jindal, which connects all areas of the city. One of Bangalore's most popular apartment complexes, according to prominent real estate firms, is the best project in West Bangalore. In Prestige Jindal City, there are four different types of apartments offered. 1 BHK, 2 BHK, 3 BHK, and 4 BHK are the four different varieties. 3,571 smartly designed residences are available in various sizes.

Prestige Primrose Hills



Prestige Primrose Hills


An elegantly situated apartment complex by the name of Prestige Primrose Hills is now under construction on Kanakapura Road in South Bangalore. It provides 1680 units of 1 and 2 BHK homes over a 15-acre area. Fifteen buildings, each with 14 stories and 1 and 2 BHK, make up the complex. A 1 BHK Apartment is priced at Rs. 35.45 Lakhs. The well-known builder from South India has now entered Bangalore's market for affordable housing with this modest apartment. This property, which covers a sizable 15.93 acres of land, aims to redefine the phrase "home dear home." In Prestige Primrose Hills, you may select from one or two-bedroom houses that are surrounded by verdant vegetation and a tranquil setting. This new launch project, which spans 15 towers, was masterminded by Venkatraman Associates. In this gated community, there are floor designs with 1 and 2 bedrooms available. Homes with one bedroom range in size from 572 to 589 square feet. Apartments with two bedrooms typically have 867 to 986 square feet. The best amenities have been provided by Prestige Group so that residents can live comfortably. One of the oldest and most well-known real estate developers in Bangalore is Prestige Group. For the residents of Bengaluru, it is credited with building some of the city's most beautiful landmarks.

Prestige Waterford



Prestige Waterford


Prestige Waterford is another venture of the Prestige group. The goal of the futuristically designed Prestige Waterford project is to provide a modern home for someone who desires a high-class lifestyle. Prestige Waterford, which is located east of Bangalore Whitefield, consists of 689 roomy, well-built 3 and 4 BHK apartments spread across a massive 16 acres of land in 7 gorgeous buildings. Apartments with three bedrooms start at Rs. 1.42 crores. Numerous advantages come with this Prestige Group apartment development, including a prime location, a pleasant and comfortable lifestyle, first-rate amenities, a secure environment, and high potential. A luxurious pre-launch property called Prestige Waterford is perfectly constructed on ECC Road in the center of Whitefield in East Bangalore. The Prestige complex incorporates a tasteful and well-planned layout of superbly useful landscapes and surroundings.


Prestige Group Blogs



Disclaimer: Any content mentioned in this website is for information purpose only and Prices are subject to change without notice. This website is just for the purpose of information only and not to be considered as an official website.