NRI home buying sentiments with Hiranandani

The Indian real estate has witnessed a paradigm shift with introduction of structural policy reforms like RERA, IBC, GST which has enhanced the confidence index among the global counterparts. These reforms aimed to bring in much awaited transparency, trust and financial discipline in Indian Real Estate. The streamlined compliance mechanisms, unveiling of faceless transparent tax system and baton of Atmanirbhar Bharat have attracted NRIs to contribute to Nation Building goal. 

At Hiranandani Group, we traditionally cater to a large number of NRI buyers; wherein the numbers have scaled up with recalibrated economic opening. We have been experiencing demand for larger homes with additional flexi space in the post Covid scenario. They also prefer to buy within an integrated township which offers the similar lifestyle quotient along with convenience of established socio- fabric amenities, world class civic infrastructure, community living and comfort of green ecosystem. The Hiranandani flagship projects at Powai and Thane have been offering platters of properties ranging from mid-size to large spacious apartments with ready to move in as well as under-construction options. NRI home buyers can both buy now and enjoy the benefit of steady rental income and appreciation over a period of time or they can invest in under-construction with flexi payment schemes and upgrade at the time of actual shifting to cater one’s own need.

Over the past few months, bulk of the NRI queries have been logged from the USA, UK and the GCC countries. As the days go by, one expects growth in the number of enquiries converting into the actual sales. As we move along the remaining months of 2020 and beyond, NRI interest in Indian real estate shall remain augmented in comparison to the other vulnerable asset class.