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By Runwal Group Posted Dec 18, 2018 In Property investment
The trend of NRI investments in Indian real estate has been a longstanding one. However, in the recent years, the economic and regulatory reforms like GST (Goods and Services Tax) and RERA (Real Estate Regulatory Authority Act) have brought about a greater level of transparency and efficiency into the system, thereby attracting a far greater number of NRI investors. Moreover, the government has introduced several measures that have further enabled NRIs to invest in property in India with great ease. In the recent months, the falling rupee has impelled a large population of NRIs to explore their investment options in India.
Here are some reasons why more and more NRIs are looking to invest in Mumbai’s real estate:
1. Outstanding infrastructure
When looking to invest in India, NRIs typically look for world-class infrastructure. And Mumbai is surely the most sought-after realty market for that very reason. The private and public transport networks, the civic amenities, and the commercial hubs of the city are truly outstanding and world-class in every way.
2. Premium affordable housing
For NRIs looking to make an investment in India’s real estate, Mumbai is among the frontrunners to offer premium affordable housing projects. NRIs can avail this opportunity to invest in Mumbai’s market which is among the costliest in the world at a relatively affordable rate and reap excellent returns in the years to come.
3. Real estate and economic growth
The appreciation of a city’s real estate is directly tied to its economic growth story. As the financial capital of the country, Mumbai has witnessed rapid economic growth and infrastructural development, which has had a direct positive impact on its real estate sector. Areas like South Mumbai, Bandra Kurla Complex, Thane, Kanjurmarg, Vikhroli, Powai and Navi Mumbai, have transformed into bustling micro-markets for business and real estate development.
Owing to Mumbai’s promising growth story and upward moving real estate graph, many NRI investors choose to make a sound and lucrative investment in the city’s real estate.
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