According to the UN and IMF, India and China are likely to get back in 2021. Due to the COVID-19 lockdown, India’s real estate sector is badly affected. After 6-8 months when the lockdown is completely released, the industry will pick up. However, estimates say that this will take a few months to stabilize.
While the industry is in a miserable plight, the NRI’s get a good opportunity invest in real estate. NRI investors are favored in many ways right from pressure on pricing to a weak rupee and the RERA guidelines, this improves the real-estate growth in India. NRI’s can make the most of this golden opportunity.
Policy reforms in the sector has boosted NRI’s confidence because since years, NRI’s demand for Indian Residential realty has gone up.
This is the best time when NRI’s can work on their family homes in India to have the best facilities. It is essential to have these arrangements at a time when the immigration laws and H1B visa denials prompts to an unstable situation for many NRIs in the US.
The demand for real estate has risen in cities like NCR, Mumbai, Bengaluru or in a place that has scenic beauty like Goa and hill stations.
The demand for ready-to-move-in properties over projects are under development. The market is now in demand for ready to move-in properties over projects under development. One drawback is that construction projects under development will see issues such aslabor shortages and liquidity which will in turn delay projects and this would create doubts in the purchaser’s mind.
