The developer says NRI continues to invest in Indian real estate, accounting for almost a quarter of its sales.
“The Indian rupee depreciation further strengthens the purchasing power of NRIs, making luxury properties more accessible. Aakash Ohri, co-managing director of DLF, said: These regions host rich Indian communities to invest in high-value property.”
NRIS accounted for 23% of DLF’s total sales in 2024, the highest in recent years. This is a significant increase from 14% in 2023 to 5% in 2022. Furthermore, in certain projects, like Gurugram’s Privana West, nearly 27% of units have been purchased by the NRIS, highlighting their strong preference for high-end life.
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“The Indian real estate sector is entering a new era of global integration where both domestic and NRI buyers play a pivotal role in shaping their future. Pradeep Aggarwal, Founder and Chairman of Signature Global (India) Ltd., said:
Home sales in India’s eight major housing markets fell 26% in the October-December 2024 period, compared to the same period last year, according to a report by Digital Real Estate Transaction & Advisory Platform Proptiger.com.
Overseas supporters
“We are actively involved with overseas buyers in major markets such as the US, UK, Australia, Singapore and Dubai. The NRIS Trust for India’s growth story, coupled with a robust infrastructure push and evolving lifestyle preferences, makes Indian real estate an attractive and safe asset class for global investors.”
The Delhi NCR market stands out as the only region of the top eight cities, recording positive growth with new home sales.
“Demand for real estate in India remains strong, particularly in the high-end luxury segment. Aman Sarin, Director and CEO of Anant Large Limited, said:
New developments featuring world-class infrastructure and amenities comparable to cities around the world are attracting increasing interest from non-resident Indians (NRIs). Furthermore, India’s strong economic performance and its emergence as a priority destination for the Global Capacity Centre (GCC) by multinationals, creates high-paying employment opportunities and further increases the demand for premium housing.
“Beyond metropolitan areas, NRI is expanding its investment portfolio to include Tier II cities. This trend underscores a shift in focus where NRI recognizes the potential for emerging urban centers that offer promising growth opportunities,” said Udit Jain, one group director.
Among the most preferred locations in northern India, the Tricity region of Chandigarh, Mohari and Panchkula stand out as a major destination for NRI investments.
Realty developer AIPL, running a large project in Ludhiana, has attracted a lot of interest from Indians who have settled overseas.
Furthermore, suburban Delhi regions such as Bahadurgarh and Rotak have attracted attention among the NRIs due to their fascinating features such as lower property prices, robust rental yields and optimistic growth outlook.
