Best Emerging Markets For NRIs To Invest

The Indian real estate segment is looking to overturn the sluggishness of the sector of the last couple of years as a new central government next month is likely to offer a clear vision for the realty segment. Industry experts and real estate developers are hoping that the new government policy along with streamlining of the Indian currency will increase both domestic as well as Non Resident Indian (NRI) investment in the Indian real estate sector.

Various real estate developers have already announced projects aimed at the NRI segment exclusively. Initially it was seen that majority of NRIs invested in real estate segment as a chance to establish their base in India while they travel to the country of their origin. The evolution of the real estate sector with NRI centric schemes and falling Indian currency has made sure that a number of NRIs are now looking to expand their horizon by investing in the Indian real estate segment in lucrative market segments away from their home towns.

Tier 2 Cities on NRI Investment Radar: The NRI investment in real estate market has come a long way from the traditional high end luxury projects one considered to be the most in demand among NRIs. The rising demand in smaller towns has made real estate developers focus their energies on luxurious home segment in smaller towns. With their luxury house projects under their belt in metropolitan cities or bigger Indian cities with a better growth potential, a large number of NRIs are now actively seeking to invest in smaller cities which have a massive upside in the years to come.

Investing in smaller tier 2 and tier 3 cities may not be as smooth for NRIs as investing in metros and other cities due to lack of dedicated focus by real estate companies but the trends suggest a definite move towards smaller centers as an investment flavor in terms of NRI investments in the Indian real estate market. Let us take a look at the five top most emerging markets in the Indian real estate segment.

• Lucknow: Lucknow, the capital of Uttar Pradesh is turning out to be a hotbed of NRI investment. The availability of good projects developed exclusively for NRIs have made sure that NRIs are investing in residential projects for personal use at some point in the future as well as for investment purpose.
• Rajarhat, Kolkata: Kolkata has always been considered a traditionally strong NRI investment hub and development of exclusive projects for NRIs in Rajarhat area have been well received by a large number of NRIs. Rajarhat area has witnessed sales figures of more than 35% from NRIs in the last fiscal year.
• Ahmedabad: Ahmedabad is one of the fastest growing cities in India offering NRI centric projects for both commercial and residential projects. Considered to be part of the traditional business space of Gujarat, Ahmedabad is attracting business centric NRIs to invest in the city’s real estate segment. With real estate prices much more affordable than neighboring cities like Mumbai, Ahmedabad is an attractive center for a large number of business oriented NRIs.
• Kochi: Kochi, the commercial capital of Kerala, has its real estate market driven by NRIs. As it is an upcoming hub for Information Technology, the real estate market expects a significant increase in demand. With several IT firms, shopping malls and specialty hospitals in Kochi many NRIs find this city to be the perfect spot for real estate investment.
• Coimbatore: Coimbatore with its pleasant climate and proximity to Nilgiris is one of the most preferred locations for real estate investment especially among NRIs. NRI investment in the real estate sector of Coimbatore has picked up in the last four years.