Investments by non-resident Indians (NRIs) into the Indian real estate market has surged over the past 20 months, growing at 15-20 per cent and their share in total investments in the sector is expected to rise to a fifth from 10-15 per cent earlier. In 2023, NRIs invested over $13 billion in real estate and by 2025, their investments are expected to account for 20 per cent of total real estate investments in India.
India is quickly becoming a favourite spot for foreign investors who want to put their money into land and development projects. In fact, it’s ranked third globally for such investments in 2024, according to a report by Colliers.
Goa, a beautiful coastal state on India’s west coast, has always been a popular tourist destination. But lately, it’s become a hot spot for a different kind of visitor: the luxury home buyer.
Goa’s appeal is now extending beyond holidaymakers and retirees. Real estate developers from across the country are gearing up to launch projects in the popular holiday destination, led by high demand from wealthy individuals and non-resident Indians.
Investing in property can be a powerful way to achieve financial freedom, especially if you’re struggling with debt. By leveraging real estate, you can create income, build equity, and ultimately work towards eliminating your financial burdens.
Second homes are a compelling opportunity in Goa’s luxury real estate market. Not only are they generating attractive rental returns, but there’s also a surge in demand, particularly for gated coastal villas and large apartments with ample bedrooms. This trend is being driven by millennials seeking idyllic getaways and NRIs capitalising on currency advantages.
Due to the host of favourable factors, people from other states and even NRIs living in the developed nations are allured by Goa’s peaceful living conditions and are motivated to own a second home here. That’s why holiday homes are gaining popularity along with ongoing infrastructure development, booming startup culture, and the formation of Special Economic Zones. These factors have boosted industrial growth and investment in the real estate sector.
India’s real estate market is witnessing a seismic shift, with the luxury housing segment experiencing an unprecedented surge in demand. Factors such as rising incomes, growing aspirations for upscale living, and a preference for modern amenities have propelled this transformation, resulting in a boom in luxury home sales across the country.
India’s real estate market boom is still a few years away from peaking. But the cycle’s longevity could turn on a few factors, good and bad, say realty experts. It will hinge on not just a more widespread demand for homes and offices but also smart supply and price management by the country’s top developers.
Goa, once synonymous with sandy beaches, vibrant nightlife, and a quintessential escape for tourists, is undergoing a remarkable transformation. This coastal paradise is now a top choice for affluent Indians looking to invest in luxury real estate, shifting its identity from a mere vacation spot to a prestigious investment haven