Gulf-Based NRI’s May Find Indian Realty Attractive, Here’s Why
India is the third largest investor in United Arab Emirates (UAE) with industry giants like L&T, Pioneer Cement and Punj Lloyd bagging new projects in the country. Interestingly, NRIs living in the country, who form a major part of the population, are keenly focusing on newer investment opportunities in India. Industry insiders estimate that the NRI investment in 2017 in Indian cities will touch $11.5 billion. This amounts to 20 per cent of the total market share, presently estimated at $60 billion. The UAE has been particularly in focus post the visit of the crown prince Mohammed bin Zayed Al Nahyan.
- Pro-investors government
- Technology boosts NRI investments
- Efforts by developer community and marketing agencies
- Growth of affordable housing
- Key investment hotspots