Source: CNBC TV18 https://bit.ly/48oN390

The real estate boom in India seems to be a sweet spot for NRI investments. According to a recent real estate report by tech-based brokerage platform, NoBroker, “More NRIs purchasing houses in India. The growth in NRI residential sales, which has risen from 11% to 15%, in a matter of months, underscores this point. This demand is slated to reach 20% by the end of 2025.”

The report says that over the past year, there has been a remarkable increase in the interest and involvement of Non-Resident Indians (NRIs) in the Indian real estate market.

But what is supporting this surge?

As per the trends mapped by the report, “This surge can be attributed to several factors, such as the emotional connection that many NRIs have with their home country and the investment opportunities within the Indian real estate market.”

Also, buying has become more easy, with technology. “Technology has really made it simpler to buy, sell, and manage properties remotely whether it is for emotional connect or for investment purposes.

It has made the access to information easier. Increased rental yields spell the continuation of good times for the Indian real estate sector. Technology has not only removed information asymmetry but also made access to information on locality, projects, and builders easier,” the report said.

But, what is the ticket size of the investments made by NRIs?

Yes, as per the report, 26% of NRI buyers are looking for a property with a budget exceeding ₹1 crore. “Intriguingly, 26% of NRI buyers are now actively seeking properties with budgets exceeding ₹1 crore.