The Indian real estate sector is witnessing a record influx of foreign investments this fiscal year. Several Tier-1 and Tier-2 cities have emerged as hotspots for NRIs looking to invest in property in the Indian domestic market. Analysts have estimated that the Indian real estate sector is on track to hit the $1 trillion mark well before the year 2030. This then accounts for a whopping 20 percent of the country’s entire GDP. As the RBI looks to reign in rising inflation, it has finally allowed the Indian rupee to weaken against the dollar. This has provided NRIs working in Gulf countries with the golden opportunity to invest heavily in Indian real estate, as they are now looking at their property investments appreciating in double digits year-on-year.

Delhi NCR

Gurgaon in Delhi NCR has emerged as one of the most sought-after cities to place their bets when it comes to investment in real estate. Home to some of the most opulent projects, Golf Course Road is amongst the favourites for NRIs. DLF, India’s leading real estate major, has an array of luxury and super-luxury projects spread across Golf Course Road that has been the favourite amongst UAE based NRI’s . Apart from this, New Gurgaon, Dwarka Expressway and Golf Course Extension Road are other popular destinations for investment in Gurgaon.

Mumbai

The economic heart of India, Mumbai has always been in high demand. With massive government initiatives and superb logistical connectivity, the real estate market has seen a massive increase in investment by NRIs from the UAE who are keen to own a piece of this multicultural city. As new infrastructure and logistical development continue to be completed, Mumbai's property appreciation will outpace that of all other major cities. The Imperial, Lodha Altamont and the Raheja One Altamount are a few luxury offerings in Mumbai that have grabbed the attention of the UAE NRIs in Mumbai.

Bangalore

The Bangalore realty sector has been another rewarding investment destination for Gulf NRIs. Bangalore is universally known as the IT hub of India. With a rich entrepreneurial culture, a diverse demographic, and growing demand, the city has seen unprecedented growth in the last decade. As most NRIs are technically skilled and work in multinational companies, they see Bangalore real estate as a profitable investment option for the future. The Godrej Ananda, Godrej Royale Woods are a few of the luxury projects in Bangalore that are in high demand by NRI investors.

 Kochi

According to statistics, most Indian expats and NRIs in the UAE trace their roots to Kerala. More than 30% of all Indians working in the Gulf are from Kochi or the surrounding area. It is no surprise then that Kochi is one of the most coveted destinations for NRIs in the UAE to invest in real estate. This inflow of investments has led to property values skyrocketing in Kochi, and the city has emerged prominently as a gainful real estate investment option. The Riverside at Vyttila Kochi, by DLF, is one such project in Kochi, which has seen huge traction from NRIs living in the UAE. Following the pandemic, interest has increased as NRIs want to own a piece of land in their home country.

 Chennai

Chennai is the gem of South India. Since before India’s independence, this city has been a hotspot for trade and commerce as it links the Indian subcontinent to the trade routes of Southeast Asia and the Gulf nations. The booming commerce has had a cascading effect on property prices, which have continued to soar year-on-year. Today, more and more NRIs looking to leverage the logistical capacities of this city are keenly investing in real estate projects being developed across the city. This demand has led to property appreciation and has had a cyclic effect on giving investors value for their money. DLF Parc Estate, projects from Casagrand at Chennai are properties that attracts the HNI’s and UAE based NRIs for investment.

Tricity

Post the pandemic, regions like Tricity have started getting attention from NRI and domestic investors alike. Owing to its serene location and proximity to the city centre, Panchkula, Chandigarh are brimming with interest from domestic as well as NRI investors from Gulf countries. Owing to its rising popularity, DLF has expanded its presence in the Panchkula, with the launch of its recent offering of luxury independent floors ‘The Valley Gardens’. In the past, DLF had developed ‘The Valley’ township in the heart of Panchkula which is home to over 1400 families.

Working professionals based in Gulf countries are now opting to buy bigger and more lavish properties in India as they are confident of getting lucrative returns on their investments in the perceivable future. This has led to exponential investment returns for NRIs in the UAE looking to buy a piece of the growing Indian real estate sector.