“The real estate sector has proven to be an attractive asset class with healthier relative returns, it has caught the attention of locals and NRIs. NRI buyers today are looking for a well-connected living ecosystem that offers many choices to live, work and play in luxury,” said Aakash Ohri, Group Executive Director and Chief Commercial Officer,
Gurugram, with some of the most exclusive commercial and residential real estate, has attracted NRIs over the years and has become a center for real estate investment over the past two decades.
With a strong infrastructure and social fabric, representing some of the best international schools, hospitals, financial institutions and retail spaces, in and around it has become a preferred destination for NRIs and expats.
NCR is already a hub for IT, BPO and the enterprise sector. Now that residential sales are on the rise, Gurgaon is catching up with top cities in terms of service standards and luxury amenities.
The availability of
Luxury, high-end and luxury projects in all categories make NCR a top investment destination for NRIs as they prefer to live the same lifestyle as in other countries.
“Residential property has always been the preferred asset class for non-resident Indians. The past few months have seen a gradual return of NRI to the property market, bolstering sales of luxury homes. The remarkable uptick in NRI queries and closures can be attributed to weakening rupees, the pandemic-induced perception of owning a home in one’s home country, and falling interest rates. interest,” said Mohit Jain, Managing Director of Krisumi Corporation.
Krisumi Corporation, a JV between Sumitomo Corporation, Japan, and
The group is developing Waterfall Residences located at Sector 36A, Gurgaon. The project represents the confluence of Japanese art and architecture with the Indian aesthetic that has been a favorite among BRIs and the expat community.
NRIs actively invest in NCR to maximize returns and even for self-occupancy.
“Due to the rapid growth of residential projects in the NCR, as well as its busy life, NRI investors are increasingly flocking to the area. Additionally, Delhi NCR is a one-stop destination for businesses, so owning a home in the region has many advantages for NRIs,” said Vivek Singhla, CEO of Smartworld Developers.
Gurgaon has always been the preferred investment destination in the North. Proximity to Indira Gandhi International Airport, quality infrastructure, strategic connectivity and cosmopolitan culture have made Gurgaon a real estate hotspot in recent years. It is also a leading commercial and business center and home to several global Fortune 500 companies.