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How Indian real estate market is transforming to attract NRI investors? DECODES Ashwin Sheth | EXCLUSIVE
Update / Judgement Date
17 Oct 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Ashwin Sheth, CMD of Ashwin Sheth Group, discusses how the Indian real estate market is evolving to attract NRI investors. The market is becoming more transparent and regulated, with initiatives like RERA ensuring accountability and protecting investor interests. Developers are focusing on luxury and premium projects, which appeal to NRIs looking for high-quality investments. The use of technology, such as virtual tours and online transactions, is making it easier for NRIs to invest remotely. Additionally, the depreciation of the Indian rupee against the US dollar is making Indian real estate more attractive to NRIs. The government’s push for infrastructure development, including smart cities and industrial corridors, is also enhancing the investment appeal. Sheth emphasizes the importance of understanding NRI preferences and providing personalized services to cater to their needs. Overall, the Indian real estate market is positioning itself as a lucrative investment destination for NRIs through improved transparency, technology adoption, and premium offerings.