Investing in real estate back home – what’s in it for the non-resident Indian?

From a wealth-creation perspective, the Covid-19 pandemic and the resultant economic impact across global economies has created opportunities in the real estate sector. 

A traditionally favourite option for the global Indian, Indian real estate, is even more so in the post-Covid world. An investment perspective with a sentimental aspect of having ‘a home, back home’, translates into a steady flow of rental income.  

The Indian growth is poised for high gear as the economy witnesses gradual recovery with positive GDP outlook. Pent up demand and consumption in festive tailwinds, fiscal stimulus, booster dose by the government and accommodative stance of regulatory bodies to maintain low home loan interest rates, sectoral momentum on full-resumption, accelerated vaccination drive, augmented public spending on infrastructure built up.  

These factors make Indian real estate rank third among the all 14 major sectors of the economy. Growth of real estate is imperative for the economy’s buoyant growth. 

Safety and security in the aspect of investing in Indian real estate, makes it an ideal proposition. Currently the global currency ratio scenario gives an added advantage to the NRI Indians. With the pandemic, unsecured global job markets, and reverse migration triggered a need for a safety home to secure their ‘back home’ living. 

Now, with the introduction of the Model Tenancy Act, Indian rental market is growing in total transparency.  

The global Indians are evaluating property options in India. Indian developers have received a surge of enquiries about properties. For the global Indian, it is a great opportunity to invest in Indian real estate, due to global uncertainties they are bound to get great offers that will be beneficial in the long run. 

Technological advancement in the form of a digital system of sales and marketing has empowered the NRIs to make virtual site visits, via augmented reality, and book via online payment gateways. The digital infrastructure has brought an ‘ease in doing business’. 

Indian is fast moving towards becoming a $5 trillion economy, and real estate will play a significant role in this. Mega infrastructure projects are being completed, with support from the Indian government. For the global Indian in the GCC countries, there is a radical shift in the question of the ideal investment option, from ‘Why India’ to ‘Why Not India’. 

According to current understandings, it is given that the Indian GDP outlook is soon going to have a positive V-shaped recovery. It makes perfect sense for the global Indian to also be part of the Indian real estate success story.