Indian real estate emerges as favored investment destination for GCC-based NRIs

Indian real estate emerges as favored investment destination for GCC-based NRIs

DLF Riverside, Vytilla, Kochi | Image Courtesy: DLF

Strong economic growth, rising disposable income levels, and a growing population have led to the Indian real estate market to expand histrionically in recent years. Furthermore, the Indian real estate market is very appealing due to high returns and a long-term investment outlook.

These factors have enabled the Indian real estate market to gain traction among investors in India and abroad.

The growing real estate market has captured the interest of NRI based in the Gulf Cooperation Council (GCC). Despite the pandemic and its aftermath, NRIs invested over $13.4 billion in the Indian real estate market in FY21 as compared to 6.4 percent in FY20. With the rupee weakening against the dirham, NRIs from the UAE and the Gulf Cooperation Council countries are reinvesting in Indian real estate.

NRIs in the Middle East are becoming more optimistic about the Indian market, owing to its outperformance of competitors in many countries, including developed ones.

Aakash Ohri,

Group Executive Director

& Chief Business Officer,

DLF Ltd “When it comes to NRI investments in Indian real estate, the Gulf Cooperation Council (GCC) remains a key one. Investments from the GCC as a whole account for close to 41 percent of the global contribution.