Favorable rupee and stability in Real Estate Price have induced the NRI completely, added by mortgage giant HDFC.
To attract more, property developers and HDFC are taking special marketing campaigns like property fair with elite NRI of the UK & the US. So that lot more outsiders can connect and have lucrative property in hand.
Importantly, Indians living in abroad are showing keen interest in Indian realty despite the sluggish demand in the market.
Majorly, the rupee depreciation against the US dollar is the biggest reason to uplift the interest in Indian Properties.
Moreover, country’s biggest mortgage lender, has decided “India Homes Fair” exhibition to be held in London on May 30-31, which probably will have more than 100 projects in the show across India.
Housing prices have stabilized, though effective interest rates have helped in making the home purchase affordable and comfortable.
A S Sivaramkrishnan, CRRE’s south Asia Head, added, NRIs have become very important for the Indian Real Estate Market, as it contributes about 8-10 per cent sales volume across India. Though, it varies from city to city, where the contribution in kerala is 30-35 per cent, Hyderabad & Delhi & NCR is 10-12 per cent.
With various availability of affordable to luxury projects (Villas, apartments, plots and floor), it has given different projects to invest in as per the budget and choice, moreover, developers with market strategies are inducing more and more NRIs, that simply is benefiting the Indian market.
The projects on display will be from Gujarat, Pune, Goa, NCR, Mumbai, Punjab and Kolkata.
Lastly, HDFC will be carrying such like exhibitions for the eighth year constantly at a foreign location to uplight the growth.
