Since the pandemic began, there has been a steady rise in the demand for property in the country by NRIs. NRI investments are not a new concept but the number of investments has surged since the last year.

Here are some factors that have contributed to the NRI’s demand for property in India recently –

Future Investment

Many NRIs invest in property in the country as an investment for their future sleeves. Many of them hold to the idea of returning to their home country after retirement and settling down to a familiar place. This is a common trend when it comes to NRI investments in the country.

However, there is now a sudden sense of urgency because of the pandemic and people including the non-NRIs are also keen to having property of their own for security. This has further boosted the NRIs demand for property in their home country. 

Price Depreciation

Since the pandemic caused an economic recession, property prices are at a low. So, NRIs will now have to spend less to invest in their preferred property. Along with property price depreciation, the value of the Indian currency has also decreased, making property even more affordable than ever.

Easy Investment Norms

Furthermore, the investment norms for NRIs have also been eased by the government as it will help in boosting the economy. Transparency in the process of home-buying has also increased, making NRI investments more smooth.

All these factors together have made it possible for the NRI population of the country to get access to the best property in the country at the best price. This trend is likely to continue in the near future and NRI investments are only going to increase in the developing and developed areas of the country.