Is it the best time to buy a home?
The Indian stock market has traditionally been the leading investment option for investors but it has become stagnant over the past few years. As such, real estate has become an attractive avenue to diversify one’s portfolio and gain long term returns for both domestic and overseas investors.
Traditionally, NRIs have purchased a property in India as an investment opportunity that provides rental income. However, post-Covid, pandemic many NRIs have prioritised owning a house in their own country as a safe heaven.
Furthermore, increased transparency and eased investment norms have made Indian residential real estate increasingly attractive for NRIs. From a financial standpoint, the ever-strengthening dollar, also makes India a favourable destination for foreign investment. Range bound prices and lowest interest rates have made it all the more affordable to own a house. There are plenty of options of green homes with wellness amenities and good connectivity, to suit NRI investors’ lifestyles. The secondary residential market also guarantees ready-to-move-in or near completion options within a Rs 1-3 crore budget which is ideal for most NRI investors.