GCC NRIs top investors in Indian real estate, says DLF

GCC NRIs top investors in Indian real estate, says DLF

The Indian real estate sector has witnessed a steep rise in investment from UAE based NRI’s in the past few years. According to a recent industry report, NRI investments in Indian real estate may rise to $14.9 billion in FY22. India's luxury housing market caters to the needs of UAE based NRI homebuyers through various product categories including uber-luxury villas, villaments, expansive condominiums and branded residences. Many Indians living in GCC countries invest in their homeland as an option to return and settle down in the future, but the majority of them also buy homes purely as an investment option. A simplified taxation regime and indexation benefits for properties held in India encourage NRI buyers to park their excess funds in India. Other major decision drivers include lower home loan interest rates, favourable currency movement, procedure digitisation, and transparent regulations. Sharing insights on this Aakash Ohri, Group Executive Director & Chief Business Officer, DLF Ltd says, “In the last two years, we've seen an increase in the number of NRIs looking to buy a home in India, and pent-up demand has begun to emerge. NRI investments in DLF projects currently range between 12 and 14 percent, and we intend to