Property values in India have more than doubled in the last decade, and there are no signs of a potential slow down in the near future. Contrary to the belief that it might be a demand bubble, it isn’t. Rising demand and sales of real estate projects have made the markets more matured and evolved. The quality of real estate properties has improved drastically in India. The materials used for construction are of superior quality and built to resist natural calamities like earthquakes. The returns on these properties are high so many investors from all over the world show great interest in India. The Indian government also motivates NRIs to invest in India, by declaring various reforms and relaxations.
After the sub-prime crisis in the USA and an economic slowdown in many parts of the world, NRIs have become bullish on properties in India. There are many cities in India like Mumbai, Pune, Goa, which lure them with better appreciation but with realty still going cheap in Ahmedabad, the city has become NRI hub for investment. High-end bungalows, luxury apartments and golfing realty are in great demand by NRIs for investments in Ahmedabad. Gujaratis account for a large percent of NRI population and they would like to remain connected to the state in one way or the other. Construction companies in Ahmedabad are exploiting this sentiment to the fullest.
After the sub-prime crisis in the USA and an economic slowdown in many parts of the world, NRIs have become bullish on properties in India. There are many cities in India like Mumbai, Pune, Goa, which lure them with better appreciation but with realty still going cheap in Ahmedabad, the city has become NRI hub for investment. High-end bungalows, luxury apartments and golfing realty are in great demand by NRIs for investments in Ahmedabad. Gujaratis account for a large percent of NRI population and they would like to remain connected to the state in one way or the other. Construction companies in Ahmedabad are exploiting this sentiment to the fullest.