Loading in 2 Seconds...
Loading in 2 Seconds...
The non-inhabitant Indian or NRIs have the favorable position in the extravagance property showcase particularly in India post-demonetization as the realty engineers in prime urban areas of the nation have expressively dropped the rates of property. Click here for the detailsâ€¦ http://www.coldwellbanker.in/blogs/nris-have-golden-time-invest-indian-property-market
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Home>Blogs> NRIs have Golden Time to invest in Indian property market
NRIs Have Golden Time To Invest In Indian Property Market
The non-resident Indian or NRIs have the advantage in the luxury property market especially in India post-demonetization as the realty developers in prime cities of the country have expressively dropped the rates of property.
The recent move of demonetization has dropped the property rates significantly across various cities in the country. Especially the luxury homes range of the property homes has been hit badly provided that one of the objectives of preset demonetization move is too minimal or discourage all the cash transactions.
Always there has been the trend for the non-resident Indians to invest in the Indian luxury homes in the metropolitan cities of the country, especially in cities like Delhi, Mumbai, Chennai, and Bangalore. The industry observers believe that the Chennai-based developers are presently cutting down the rates up to Rs 20 lakhs on the slower moving projects.
The experts believe that one can expect a 10-25% discount soon in the luxury segment of the housing condominiums and in the upmarket areas like RA Puram, Nungambakkam, and MRC Nagar in Chennai. Also, they have forecasted price of property in Delhi to proffer 25-30% discounts and 30-40% discount on Bangalore properties.
Non-resident Indian sources expect the rates of luxury property to drop by 25-30%. The transactions of property have plunged specifically in previous month post-announcement of the demonetization program.
Also, the registration of Bangalore property has dropped to around 200/day in comparison to somewhat 1,800 properties before demonetization came into action. Mumbai is expected to see a 50-70% slow or even go to the period of no transaction.
The property inquiry portals in India has been observed by the experts and it has significantly dipped, about 400 people per day asking from the erstwhile number of 1500 to 1700. But, it looks that the complete market sentiment at the juncture is to actually wait and watch and make the correct move at the correct time.
Certainly, there is no denying that the non-resident Indian community will take the advantage of the scenario and explore to invest in the luxurious condominium housing apartments in India.
n # g+©
« PREV ARTICLE
There is 0 comment on "NRIs have Golden Time to invest in Indian property market".
Submit A Comment
Cities To Become Smart With GIS TechnologyThere has been Lot of buzz around the...
On June 22,2016
E8 Reasons You Should Consider Buying Than RentingIn the current monetary atmosphere, there is no...
On June 10,2016
RERA Regulation Bill Brings Cheer In Rajyasabha Assembly
The RERA (Real Estate Regulation Authority)has certainly brought...
On June 22,2016
Coldwell Banker Principled RealtyWhen we visited Knox Realty office for the...
On March 3,2015
Competition For Real Estate Agents In India By The World's Biggest Brokerage FirmIf you are fed up of continuous calls...
On May 3,2015
&Property T rends
Home Renovation Myths
Remodeling is important for each home and involves strict timelines for the...
Top Cities For NRIs To Invest In India
Indian realty has always drawn the attention of the non-resident Indians simply...
How To Make Your Home Music Inspired
Is Home decoration on your mind? With many options that are available...
Impact Of RERA On NRI Investment In Indian Real Estate Market
The Indian real estate market has been pretty attractive for the non-resident...
NGT Questions Government To Exempt Small Real Estate Projects From Former NodThe National Green Tribunal has directed the Ministry of Environment and Forests...
Rules For NRI Investment In Indian Real Estate Market
The realty sector has hugely remained unaware of the technological developments which...
Risks To Look For While Buying Homes
The repossessed properties sold by banks can actually appear to be a...
RERA Restores NRIs Confidence In Realty Projects In India
After many years of indecisiveness, the implementation of Real Estate Regulation and...
India's Jump On World Bank's Index On Doing Business In 2018
For all the correct reasons, the World Bank doing Business 2018 report...
Phone No. : +91 22 6736 4000 Email:firstname.lastname@example.org
© Copyright 2017, Coldwell Banker India. All rights reserved.