Latest News
-
4 Defence PSUs That Soared Up To 1826% In 10-Yrs Of PM Modi Regime, Made Investors Wealthier -
Indian Airlines Mull Suspending Israel Flights Amid Iran-Israel Tensions -
Ashish Dhawan Portfolio Pharma Stock Gets Buy Call For Rs 1,266 TP; Do You Own? -
1:10 Stock Split, Rs 8.45/Share Dividend: Buy Tata FMCG Stock, TP Rs 1220; Q4 Dividend Soon -
Trade Call: Burman Family-Backed Stock To Buy This Week For TP of Rs 430 -
Multibagger Engineering Stock To Recommend Stock Split After 18 Years, Dividend On April 19 -
Iran-Israel Conflict Sends Oil Prices Soaring, Impact India's Petrol -
After DA Hiked To 50%, How Much Will HRA Rise? When Employees Will Receive It? -
BJP Unveils Manifesto 2024: A Blueprint For Empowerment And Progress -
Gold Surges To Record High Amid Escalating Middle East Conflict
Dubai NRIs Contribute To FDI In Real Estate Majorly
India is likely to see a surge in FDI in the real estate after there has been allowed 100% FDI in construction development and also now is there in place REITs for commercial properties. And this is true especially of NRI population from Dubai who has been making the bulk of investment into Indian Real Estate.
Into the sector, the inflows are coming from expatriates from UAE, USA, UK, and Canada. And of the Indian cities which grab a massive share of such FDI flow, metros including Bengaluru, Mumbai, Pune, Hyderabad, Chennai and Delhi-NCR lead the charts.
And in its reference a leading real estate consultancy firm is quoted in a leading business dailies report as saying, , "UAE is leading the NRI-Indian real estate market as the Indian population in UAE has grown to 3.3 million - the largest concentration of Indians outside India. According to the Reserve Bank of India (RBI), the UAE accounted for 26.9 per cent of inward remittances in 2018. The NRI segment of Dubai is a particularly large buyer base for Indian real estate. The rupee's decline in value against the dirham has further boosted remittances and made Indian real estate investments even more lucrative for NRIs."
Other real estates key person is cited as saying, NRIs traditionally invested in high-end luxury properties back home. For end-users, such properties offered them the international lifestyle they are accustomed to. For investors, luxury properties generated sizeable rental income.
"While the end-user demand for Indian luxury properties continues, albeit, on a more muted note, many NRI investors have now turned their focus to affordable and mid-segment housing. This is because the Indian Government has provided considerable incentives to buyers of such housing, and also because such properties are in higher demand and therefore give a higher rental yield as well as better long-term appreciation," Rakesh Yadav of Antriksh India Group concluded.
