Delhi NCR Real Estate Market Seeks High Demand From NRIs

Bangalore: Large number of Indian living abroad (NRI) are willing to return to their homeland (8-9percent). Real estate market in India plays a key role for NRI population to invest in their homeland.  In 2012, it is observed that 40 percent of the queries related to Delhi NCR properties were from NRIs, according to market sources.

Along residential properties; NRI are also keen in investing into commercial property and guaranteed returns. Apart from the localities such as Gurgaon, Noida, Greater Noida, localities such as Noida extension, Bhiwadi, Sohnaroad, Dwarka expressway, KMP expressway and Gurgaon Faridabad road offers new investment opportunities.

Since 2010, projects on Dwarka expressway had a price tag of approx. INR 2500 per sq ft. which in 2012 was appreciated to approx. 5000- 7000 per square feet for multi-story residential apartments.  Due to high demand an expected appreciation this market attracts investments from NRI. Other sectors along Dwarka Expressway that includes 108, 109, 106, 110 sectors where the construction is expected to be over in a year and a half and the expected appreciation would be 65 to 70 percent in next 3 to 5 years, making it a lucrative offer for NRI as well Indian investors.

Delhi real estate market offers higher rate of returns, any area that is linked to Delhi is bound to benefit from real estate appreciation compared to other metro cities. Even Faridabad and Ghaziabad are coming up as safe bets for NRI investors.

Also Read: A Quick Guide for Land Investment