What Makes India's Real Estate So Expensive?

3) India is now a hotspot for NRIs:

Drop in Indian rupees has been alluring NRIs to park their investment in Indian real estate sector. Indian realty sector is becoming one of the most favorable destinations for NRIs and considering this fact developers are projecting hi-tech features and offering global living standards in their projects, resulting in premium prices.

According to Gopal Sharma, GM - Marketing, Gundecha Builders, Mostly NRIs seek projects that offer modern amenities, as they are habituated for better lifestyle. "Even if they want to book a flat for investment or for giving on rentals their preference is for the projects which provide amenities such as quality flooring, latest and high quality of electrical and sanitary fittings along with equipment that ensure proper security in place," reports TNN.

Om Ahuja, CEO - Residential Services, Jones Lang LaSalle India, stated that “Generally, NRIs are looking at this period as an extremely advantageous one for realty investments. The Government has been making proactive policy changes clearly aimed at routing more NRI investments into India," reports TNN.