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
6 Key Real Estate Trends to Watch
Here is a list of emerging themes in real estate in India which might attract investors:
Green homes
Green homes, or eco-friendly homes, are gaining significant popularity in India. Developers offering such properties are catering to environmentally conscious buyers by incorporating sustainable practices and green technologies.
- Why NRIs are interested: The premium amenities and eco-conscious design appeal to NRIs, especially those from countries where green technology is already widely used.
- What to expect: Solar panels, energy-efficient appliances, rainwater harvesting systems, and materials that reduce environmental impact.
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
The demand for affordable housing in India is growing, driven by the government’s “Housing for All by 2022” initiative.
- Why NRIs are interested: Western companies have been pioneering affordable housing technologies like modular housing and pre-fabricated construction for years.
- What to expect: Innovations in low-cost construction techniques and a focus on providing homes to the urban poor, offering NRIs an opportunity to invest in this fast-growing sector.
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
India is witnessing the rise of senior living communities, offering a comfortable and supportive environment for older adults.
- Why NRIs are interested: As the population ages, there is a growing demand for specialized housing with healthcare services. This is a concept already popular in Western countries, and NRIs see it as an opportunity for investment.
- What to expect: Senior-friendly amenities such as healthcare facilities, assistance with daily tasks, and social programs.
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.
Conclusion
The Indian real estate market continues to evolve, and NRIs are keen on emerging opportunities in sectors such as Green Homes, Smart Cities, Affordable Housing, and more.
With the government’s support for infrastructure development, these themes present lucrative investment opportunities for NRIs looking to diversify their portfolios.
Frequently Asked Questions
- What are the key real estate trends for NRIs in India?
Key trends include Green Homes, Smart Homes, and Affordable Housing, all of which promise strong growth and investment potential. - Are Smart Cities a good investment for NRIs?
Yes, the development of Smart Cities presents a billion-dollar opportunity for NRIs looking to invest in tech-driven, futuristic real estate. - What are redevelopment projects in India?
Redevelopment projects involve upgrading old buildings into modern homes and commercial spaces, especially in prime locations, presenting high investment potential.