Indian Reality Sector has always attracted NRIs towards it, but over the following years their interest have seen a shift towards some specif themes. In the following article will be discussing six major areas where NRIs have shown major interest.
- Green Homes
- Affordable Homes
- Smart Homes
- Senior Living
- Townships
- Redevelopment Projects
Here is a list of emerging themes in real estate in India which might attract investors:
Green homes
Green homes are finding a huge appeal among new-age buyers. Developers providing eco-friendly homes charge a premium for the amenities they offer. Such themes are popular in the west, which is much ahead in using green technology in construction. The emergence of green homes in India is sure to attract investors from that country.
Townships
Townships and similar themes had a good run in the last decade. Developers in India are coming up with more such themes to build cities and parks. The Future City in Jaipur is one example of such projects. Given the variety and scope that a single project can bring, these development opportunities are all set to attract investors from abroad.
Affordable homes
Various companies in the West have been working on dwellings for the urban poor for many years. They have evolved many technologies such as modular housing and the use of pre-fabricated technology for building micro homes. The Indian government’s ‘Housing For All 2022’ mission can provide such players a huge opportunity to look East.
Smart homes
The Centre in over the past has released a list of the development of 100 smart cities across states. The Smart City Mission is a multi-billion-dollar opportunity for design, information technology services and construction companies across the globe.
Senior living
The concept of senior housing is evolving in India, with major players l building projects in this segment. Senior residential developments require advanced support systems, including support services such as cooking, cleaning and healthcare. This is a popular building theme in the US and developers and consultants from that country may utilize this opportunity to invest in a segment which is still in its nascent stages in India.
Redevelopment projects
The Centre’s push for affordable homes also includes slum redevelopment projects. Such projects present a unique opportunity where old and dilapidated buildings at prime locations are taken over by a developer, and then re-built into homes which, while housing original owners, also accommodate commercial entities.
