In 2015, India will be the top realty hotspots for NRIs.

Q: NRIs today are not just looking at residential projects but also at commercial projects across various cities of India which can offer them good returns over medium to long term.

Dwarkesh,

7th January 2015

Real estate News in Mumbai

affordable housing projects

indian real estate market

relaxation of fdi norms

smart city development

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Replies (9)

Yes many of NRI's are looking to buy more profitable lands in India. As they earn a lot of money and they are investing in big real estate business.

Murali, Hyderabad

7th January 2015

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As far as Kochi is concerned, the commercial capital of Kerala, is one of the top 5 investment destinations for non-resident Indians. With Vallarpadam international (shipping) container terminal and technology parks becoming operational, Kochi has become even more attractive for NRI investors. Kochi Smart city located 12 Kilometers from Kochi city center is an added attraction for investors seeking to invest long term in the citys real estate market.

Suresh,

7th January 2015

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You can not forget Kolkata, NRI investment is on a high in Kolkata with the suburb of Rajarhat becoming the hub of real estate investment. Since real estate prices are lower in Rajarhat in comparison to other downtown areas of Kolkata, it offers an ideal investment destination for NRIs with various budget options available. Since over 35 per cent of property investment in the area is by NRIs and persons of Indian origin or PIOs

Ravindra Singh,

7th January 2015

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Another Smart city project Lavasa, located near Pune in Maharashtra, is a hot real estate destination for NRI investors. Being developed by Lavasa Corporation, Lavasa smart city project offers both residential and commercial projects with close proximity to financial capital Mumbai and the city of Pune.

Suresh,

7th January 2015

Comment

Yes Suresh,
And the reason is, located between Ahmedabad and Gandhinagar on the bank of river Sabarmati, GIFT offers immense potential for NRI investors as it offers residential and commercial projects under the same project. With work already underway and its close proximity to Ahmedabad, GIFT is a hot real estate destination to watch for in 2015.

Ravindra Singh,

7th January 2015

Comment

Smart city is the latest buzzword in India real estate today and NRI investors are seeking to maximize the potential offered by such Smart cities. While the Modi-led government has announced plans to develop 100 smart cities, the GIFT, considered to be Indias first true Smart city project spreading well over 900 acres of land, takes the lead in terms of NRI interest.

Suresh,

7th January 2015

Comment

Bangalore remains a secure destination owing to its booming IT business as the IT hub of Bangalore continues to be a hot favorite real estate destination for the non-resident Indians. A recent survey conducted by Associated Chamber of Commerce and Industry of India (ASSOCHAM) revealed that Bangalore witnessed the maximum number of NRI enquiries for investment opportunities both in high-end residential as well as commercial properties.

Ravindra Singh,

7th January 2015

Comment

You are absolutely right Ravindra,
While bigger cities like Delhi and Mumbai continue to attract NRI investors, some other realty destinations are also becoming a hot bed for NRI investment. Here is a list of top five booming locations offering a great value for NRI real estate investment.

Suresh,

7th January 2015

Comment

The number of reforms announced by the Modi-fled government including relaxation of FDI norms, the announcement of affordable housing projects and smart city development have brought NRI investors back to the Indian shores. With the Indian real estate sector becoming more matured, there has been a renewed NRI interest in the market.

Ravindra Singh,

7th January 2015

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