- Gated communities are a hot favourite amongst not only NRIs but affluent Indian residents as well.
- Chennai, Hyderabad, and Mumbai are seeing the maximum NRI demand.
NRIs are also showing notable interest in senior living real estate projects
The non-resident Indians, better known as NRIs, might be having a Swades moment. No, they are not returning to their homeland but have been noticed as buying property in the country with gusto. In an interview to Business Insider, Saurabh Garg, Co-founder and Chief Business Officer at NoBroker said, “We have witnessed a 35% growth year-on-year in the investment of NRIs in Indian residential real estate. This burgeoning trend is especially evident in their preference for gated communities, which offer a host of amenities.”
