Great housing options on affordable rates in the capital city of India, Delhi
Affordable housing segment for NRIs in Delhi:
New Delhi is the Capital city of India and is also one of the most populous cities in the country. Similarly, the properties in Delhi are also expensive as it is one of the important cites of the nation and it is the largest commercial center in the Northern part of India. Delhi, India is also home for the parliament of India, Indian government ministries and a large number of other Government offices. It also lies in close proximity to the other satellite ciliates of India, such as the Gurgaon, Noida, Faridabad, and Ghaziabad. It enjoys excellent infrastructure developments and the Delhi metro is the 12th largest transit system in the world.
Delhi infrastructure and real estate:
The Delhi-Mumbai industrial corridor is the largest infrastructure project in India and its suburban railway system has a 51 km long inner ring road. Delhi NCR has strong connectivity within the city and its largest motorway connects Delhi with Agra. The real estate market of the Delhi NCR is the strongest in the country and the properties in Delhi are more expensive than other parts of the nation. Some of the expensive real estate zones in Delhi, India are the Greater Kailash, defense colony, Paschim Vihar, Gulmohar Park, etc.
In recent times, the price of real estate is rising in some parts of Delhi such as Dwarka and Rohini. As the transportation networks and infrastructure are developing tremendously in Gurgaon and Noida, real estate projects in these cities are of great demand. Proposals to rebuild the Connaught place are underway and when it gets realized, property prices in and around the area will enhance further. For these reasons, Delhi serves as the preferred destination for real estate investment by both the local citizens and Nonresidential Indians.
NRI investments in Delhi NCR:
India has turned to be a favorite destination for real estate investment by NRIs and Persons of Indian Origin. Delhi ranks first when it comes to real estate investments in India. India brags on a growing and robust economy that attracts investors from all over the world. The economy here ensures investors to enjoy transparent transactions and profitable return on investments attracting investors.
The investment avenues that are available for NRI investors are as follows,
- They are permitted to invest in government securities with the help of primary dealers.
- They are free to buy non-convertible debentures of Indian companies, fixed deposits with limited companies and also bonds that are issued by the PSUs.
- They can invest mutual funds on both a repatriable and non-repatriable basis.
- They can invest in immovable properties in Delhi, India, provided that their funds are from out of India through NRE and FCNR accounts.
- They can freely rent all of their immovable properties, without seeking permission from the RBI.
NRI investments in Delhi on the growth card:
The real estate sector in India has reported a 15% growth in property transactions done by NRIs alone in the year 2018-19. There was also a notable shift in their home buying preference from luxury properties to competitively priced units across metros. They also look for an independent house for sale in Delhi as real estate has always been their favorite class of assets for Indians residing abroad. They are particularly interested in Delhi properties and in return the city also offers a host of residential opportunities with state of the art amenities and features at pocket-friendly rates.
The commercial real estate is going through a fresh period of growth, which is also backed up by strong economic fundamentals. Amplifying urbanization, depreciating rupee value and exceptional return on investments are the boosts behind NRI investment in the sector. Also, the introduction of the RERA and other government regulations has brought in tremendous transparency and accountability in the Indian real estate sector. Though NRIs don’t settle in India after buying a property here, they rent a house in Delhi and benefit from their secondary rental income.
Types of property for NRI investment in Delhi:
There are a number of residential and commercial properties available for NRI investment in India. When it comes to commercial properties, the most popular ones are the retail and office spaces. The different categories of residential properties are independent house for sale in Delhi, apartments – from 1RK to 4 BHK apartments, studio apartments, row houses, independent villas, under-construction apartments, etc. It has been expected that after completion of the Delhi and Jaipur highway the property rates with escalate for at least 5 to 8 times the actual investment.
Where to find the best properties for NRI investment in Delhi, India:
Though the economic scenario of the country is favorable for real estate investments by persons of Indian origin, they are living miles apart from their homeland. It is not possible for them to learn the exact real estate scenario that lies in the country and they refrain from property brokers and real estate investors to take their investment decision. In most cases, they are offered false information on the property and also the cost of the properties. Very few property websites such as housing.com in India offer realistic property information for NRI investors. They are leaders in the Indian real estate technology and strives to create an unmatched experience for customers through a robust platform.
Housing.com is one of the fastest online real estate space and simplifies one’s search for residential properties in India. The website is free from fake listings and serves as a unique property search platform at different budgets. It serves as an excellent choice for consumers and partners in their journey of buying, selling, financing and renting a home. They do this over and over again with the help of data, design, and technology.
Housing.com has the most comprehensive list of studio apartments, resale flats, ready to move in apartments, duplex houses and owner flats in Delhi. The website caters predominantly to the middle-income group and lists the most affordable projects in New Delhi at the most affordable cost. Booking a property through housing.com does not incur any brokerage or middlemen involvement and the entire process is highly transparent at this website.