Home » News » Real Estate

Presents

Co-Sponsored by

In Association With

Source: Moneycontrol.com

Delhi - a new zone for NRI investment in Realty

Real estate market in India plays a key role for NRI population to invest in their homeland. In 2012, if we go with market sources when it is observed that 40 percent of the queries related to Delhi NCR properties were from NRIs.

Large number of Indian living abroad (NRI) are willing to return to their homeland (8-9%). Real estate market in India plays a key role for NRI population to invest in their homeland.  In 2012, if we go with market sources when it is observed that 40 percent of the queries related to Delhi NCR properties were from NRIs.


Along residential properties; NRI are also keen in investing into commercial property and guaranteed returns. Apart from the localities such as Gurgaon, Noida, Greater Noida, localities such as Noidaextension,Bhiwadi, Sohnaroad, Dwarka expressway, KMP expressway and Gurgaon Faridabad road offers new investment opportunities.


Since 2010, projects on Dwarka expressway had a price tag of approx. INR 2500 per sq ft. which in 2012 was appreciated to approx. 5000- 7000 per sqft for multi-story residential apartments.  Due to high demand an expected appreciation this market attracts investments from NRI. Other sectors along Dwarka expressway (108,109,106,110 sectors) where the construction is expected to be over in an years and a half. The expected appreciation would be 65 to 70% in next 3 to 5 years making it a lucrative offer for NRI as well Indian investors.


Delhi real estate market offers higher rate of returns, any area that is linked to Delhi is bound to benefit from real estate appreciation compared to other metro cities. Even Faridabad and Ghaziabad are coming up as safe bets for NRI investors.


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%.


Another great investment opportunity for the NRI’s was the opening on Yamuna expressway.  In June 2012, rupee fell by 20% 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% gave boost of 40% to builders through NRI investments.


NRI investment beat FDI: In 2011-12, NRI remittances were USD 66.13 Billion, (3, 42, 885.05 Crores), against n FDI inflow of USD 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. US and gulf countries were the top sources of remittance in India. With Europe, place as third. RBI study finds 40% of such remittances were used for real estate investments.

ADS BY GOOGLE

Videos

more »

Property rates
  • Residential
  • commercial
Mumbai
Capital Values Rate/Sq ft (INR)
Aajiwali
3000 - 5000
Ambernath
3000 - 5000
Badlapur
1000 - 3000
Bhandup (West)
11000 - 13000
Chembur (East)
15000 - 17000
Chembur (West)
11000 - 14000
Dombivali (East)
4000 - 6000
Ghatkopar
13000 - 15000
Heeranandani Gardens Estate - Powai
25000 - 30000
Hiranandani Gardens Estate - Powai
25000 - 30000
Kalyan (East)
2000 - 4000
Kalyan( West)
3000 - 5000
Karjat
1000 - 3000
Khandala
8000 - 10000
Kharegaon
5000 - 7000
King Circle
17000 - 28000
LBS Marg
12000 - 15000
Lonavala
3000 - 5000
Mulund (East)
11000 - 14000
Mulund (West)
11000 - 14000
Mumbai Nasik Highway
3000 - 6000
Powai
15000 - 17000
Senapati Bhagath Singh Road
3000 - 5000
Sion (East)
18000 - 21000
Sion (West)
17000 - 22000
Tilak Nagar
12000 - 22000
Ulhasnagar
3000 - 5000
Vikhroli
11000 - 14000
4 Bunglows
17000 - 28000
7 Bunglows
13000 - 23000
Chandivali
10000 - 15000
Malad (East)
12000 - 14000
Versova
21000 - 24000
Airoli
4000 - 8000
Belapur
6000 - 9000
Ghansoli
6000 - 8000
Kalamboli
4000 - 9000
Kamothe
4000 - 6000
Nerul
7000 - 10000
Palm Beach Road
12000 - 15000
Panvel
3000 - 6000
Sanpada
8000 - 10000
Sea Woods
8000 - 10000
Ulwe
3000 - 6000
Uran
3000 - 6000
Vashi
9000 - 12000
Altamount Road
62000 - 72000
Breach Candy
62000 - 74000
Chowpathy
48000 - 58000
Colaba
42000 - 46000
Cuffe Parade
67000 - 69000
Dadar(East)
32000 - 34000
Dadar(West)
29000 - 32000
Lower Parel
32000 - 34000
Mahalaxmi
38000 - 40000
Malabar Hills
68000 - 75000
Mumbai Central
23000 - 34000
Napean Sea Road
66000 - 74000
Parel
26000 - 34000
Prabhadevi
37000 - 39000
Tardeo
41000 - 49000
Worli
36000 - 41000
Andheri (West)
18000 - 20000
Andheri(East)
15000 - 17000
Bevarly Park
5000 - 7000
Bhayander (East)
5000 - 6000
Bhayander (West)
3000 - 5000
Boisar
1000 - 3000
Borivali (East)
11000 - 13000
Borivali (West)
10000 - 14000
Dahisar
4000 - 8000
Goregaon (East)
13000 - 17000
Goregaon (West)
12000 - 14000
Kandivali (East)
12000 - 14000
Kandiwali (West)
11000 - 12000
Malad(West)
9000 - 14000
Mira Road
5000 - 7000
Naigaon
1000 - 4000
Nala Sopara (Eastt)
3000 - 5000
Nalasopara (West)
3000 - 5000
Poonam Nagar
6000 - 8000
Shanti Nagar
7000 - 9000
Shrishti
6000 - 9000
Vasai Road
1200 - 4000
Virar
1000 - 3000
Note: Price trend are based on asking rate and not necessarily on the transaction date
Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.