Delhi NCR Real Estate Market Seeks High Demand From NRIs

In October 2010 Allahabad high court passed an order, for complete construction stop, whereby many developers along with investors who invested in NE were affected by the same. In Aug 2012 Allahabad high court upheld the order by clearing all the hurdles for the developers and the investors.  But the two year stoppage time increased the value of the properties on Noida expressway. Where there is ample developments done by reputed developers and the appreciation of the property has been 30-35 percent.

 Another great investment opportunity for the NRI’s was the opening on Yamuna expressway.  In June 2012, rupee fell by 20 percent against dollars which most NRI’s saw as the best time to invest in Indian real estate. Promising returns and high appreciation of the property, made NRI’s invest in multiple units for investments purposes. More than 2800 units alone all sold to NRIs in the Indian market (Gurgaon, Noida, and greater Noida), the depreciation of rupee value of 20 percent gave boost of 40 percent to builders through NRI investments. 

NRI investment beat FDI: In 2011-12, NRI remittances were $ 66.13 Billion, (3,42,885. 05 Crores), against n FDI inflow of $ 46.8. Past three years inward remittance has been upswing. Not been effected by factors such as fragile global economy and boosted by falling rupee. U.S and gulf countries were the top sources of remittance in India. With Europe, place as third. RBI study finds 40 percent of such remittances were used for real estate investments. "

Also Read: A Quick Guide for Land Investment