NRI Investment Hotspots In India For 2021

NRI Investment Hotspots

MMR

Mumbai has always been considered a city of opportunity. The major areas within the Mumbai metropolis that are attracting NRIs are Peripheral Central Suburbs, Central Suburbs, Western Suburbs Part, and Thane. These markets have seen an increase in sales velocity with capital growth in recent times.

Borivali is a part of MMR located in the northwestern parts of the Mumbai region, it is slowly emerging from an industrial area into an IT hub. Property prices in Borivali could be further increased by the government and a healthy job market, average property prices, and the development of many infrastructures by the under-construction metro corridor.

Thane too is a part of MMR and considered as a satellite city of Mumbai, It is also a much sought-after destination for property investment. The residential market in Thane will continue at a cheaper price return, with a growing job market and convenient connectivity to other parts of the Mumbai Metropolitan Region (MMR). The government has also given a package of Rs 41,000 crore for Thane, which will propel the market

NCR

In NCR, New Gurgaon and Noida are the major micro-markets that offer a high return on investment as cities are rapidly evolving in terms of infrastructure, connectivity, entertainment for all reasons, availability of schools, institutes, hospitals, etc. Apart from that, there are some well-developed regions of NCR that have attracted NRI most in the recent past.

Ghaziabad has developed prominently and very rapidly in the recent few years. Infrastructure development such as Hindon Elevated Road, Eastern Peripheral Expressway, Metro connectivity, Hindon Airport, etc. is some of the major reasons for Ghaziabad being a desirable market.

Dwarka Expressway is another developed city of NCR. The 28 km long distance connecting Gurugram to New Delhi is one of the most popular upcoming spots in the Delhi-NCR region. On average, housing prices increased by more than 2% on a quarterly basis.

As a highly promising catchment, most of the major developers in the country have launched large ones on the Dwarka Expressway.

Noida-Expressway, one of the major focussed locality for both NRI and Indian investors. The 23-KM long distance starting from Delhi and passing through Noida and Greater Noida has seen a significant increase in real estate activity in recent times. After the opening of the Noida Special Economic Zone (NSEZ), many manufacturing companies are venturing into this area, which has increased the demand for quality housing. In the near future, the region will also benefit from the development of Jewar Airport, highlighting the region as a high potential location that can achieve sustained returns

Hyderabad

In Hyderabad, the northern and western parts of the city are ideal for NRI investment. It offers the best luxury apartments to stay. Micro markets such as Kondapur and Shikpet are major demand areas due to proximity to major IT parks such as Kohinoor IT Park, Ascendas IT Park, Mindspace Madhapur IT Park, etc.

Gachibowli is one of the best investment destinations for those who look for a better return in the future. The growth here is accelerated by the IT / ITeS industry. Its proximity to the city of HITEC, another major commercial destination in Hyderabad, is an additional force multiplier. Prices are likely to rise as Gachibowli will soon join the metro corridor

Pune

Pune has been on the radar of NRI real estate buyers and investors for many years. The city is famous for its IT sector. Due to the rapid growth in the IT industry, the housing industry has also grown proportionately. IT companies in Hinjewadi and neighboring areas of Baner, Balewadi, as well as the eastern suburbs of Kharadi, Yerwada, and Magarpatta attract a lot of IT, service professionals. As a result, the demand for residential properties in the city has increased. In addition, the town adds more innovations to the list of “100 Smart Cities”.

Wagholi is one such locality in Pune, located in the eastern corridor of Pune, It has gone from strength to strength in recent years as IT parks and business centers mushroomed around the corridor. Since properties are still very affordable in Wagholi, an uptrend will continue in the coming years.

Bengaluru

Bengaluru is considered as one of the best cities to live for NRIs, the city has been developing extensively in the IT and real estate sectors for the last 6 years. The eastern and southern part of Bengaluru is one of the favorites for NRI investors. Areas like Devanhalli, Whitefield, and Sarjapur Road offer a bouquet of premium and affordable housing options. As far as the connectivity of localities is concerned, NH44 and SH35 are passing through there.

This micro-market in Whitefield, Bangalore is based on 400+ IT companies with a workforce of around 300,000. Well-planned infrastructure such as Namma Meteo under construction and a strong employment base will continue to support demand in Whitefield

Chennai

As a thriving IT and automobile industry hub, Porur and its surrounding region are expected to witness significant price increases. Porur employs about 200,000 people and is located close to it. This is one of the reasons that Porur has experienced a slew of new launches in the last year to capitalize on market prospects

https://www.commonfloor.com/guide/nri-investment-hotspots-in-india-for-2021-57711