Mumbai Real Estate Turns Attractive For NRI Investors
Join 1000's of Authors at StreetArticles Today!

Mumbai Real Estate Turns Attractive for NRI Investors

Over the years, the urge of settling back to their countries as well as their hometowns and making a better standard of living for their families has led many Indians to shift to other countries for better work-pay equations. Better job opportunities and much better pay gives them an opportunity to settle back in the country in later years when they are reaching retirement. Mumbai is one such city where the return on investments, especially property has been appreciative. This has led many NRIs to invest in the city’s real estate market.

The Indian realty sector is expected to grow across residential, retail, commercial and hospitality verticals over the next decade. With property prices being n freeze and many affordable housing projects coming up, it is the best time for NRIs to invest in real estate property in Mumbai. The overall dynamism of this industry has vouched for its long-term investment capacity and resulted in sound investment decisions. NRIs rekindled interest in Indian real estate scene, especially financial capital Mumbai has led many builders to come up with luxurious as well as affordable second home apartment choices. The NRIs find good bargain on property in Mumbai as well as the advantageous difference between currency valuations of the two countries.

Real estate developers are becoming aware and serious about the right sizing and right pricing factor of their products to make them more attractive to a larger audience. Property for sale in Mumbai are more better designed, compact and more efficient than ever before. This has also led to many housing project launches in the year 2015 and even this year. Builders are doing selective corrections inn some of the over-priced pockets to generate momentum in the real estate property in Mumbai. This will bring in faster sales in the stagnated larger configurations supply. Many NRIs are opting for townships that offer residential, commercial as well as hospitality amenities to the residents. These townships offer better lifestyle to the families and individuals alike and become a status quo factor for many.

For NRIs who are nearing retirement and would like to settle back in the country, this is the right time to invest in property in Mumbai. Social and civic infrastructure has revamped in most of the metropolitan cities of the country, especially Mumbai. The city offers more hospitals, colleges and schools, shopping malls and entertainment zones than ever before. The whole city is well connected with railroad system, which makes investing in property in Mumbai for sale in suburbs a good option too. The availability of utilities eases living, thereby providing for a high quality retired life.

NRIs are mostly interest in primary residence. Once that is secured, they usually turn to invest in rental income-generating property for sale in Mumbai with their surplus funds. Since rental income is taxable in India, the NRIs however have to be aware of all the regulations and bylaws that apply on NRI investors. Therefore, it is always advisable to seek help of experienced and reliable real estate agents before starting to look for property in Mumbai for sale.


Street Talk

No comments present
You May Also Like
Need Cash For My House Now In Florida
Is “I need cash for my home in Florida” a familiar refrain? If so, then you shouldn’t waste another moment. If the subject of sell my home in Florida now appeals to you, then why not do something about that? Through our company, if you find yourself saying things along…
By: allinone1 in  Real Estate  >  Property Management   Jun 06, 2016  
0
  Likes: 0

Various Ways In Which You Can Be Cheated While Dealing In Real Estate
Buying a real estate is a dream for most when it comes to residential buying and most of those people don’t have any sort of experience in Property buying. Not all, but still it has happened that sellers try to cheat buyers with fraud documents, fake registry, and many other…
By: Robbert Cobbs in  Real Estate  >  Property Management   Jun 04, 2016  
0
  Likes: 0

Why Real Estate Projects In Noida Are Captivating!
With promising aspirations, better infrastructure, high standards of living, Noida has emerged as one of the favorite places for home buyers. Set up in 1976, with a view to develop an Integrated Industrial Township for the industrial growth this city is perfect potpourri of residential societies, luxury villas and commercial…
By: Investor Homez in  Real Estate  >  Property Management   May 28, 2016  
0
  Likes: 0

Leadsestates - Properties Real Estate Agency In Dha Lahore
DHA Lahore is a corporate organization which is committed and aimed towards providing the people very best of living standards in Pakistan. Defence Housing Society is the most modern and elegant living place for the classy people of Pakistan and Lahore. This society has been developed according to the international…
By: Muhammad Abbas Ch in  Real Estate  >  Property Management   May 20, 2016  
0
  Likes: 2

Byron Bay Real Estate Beachfront And Other Properties
The most noteworthy house deals (140) were in March 2002, the tallness of the surge and after that took after by much lower turnover, normal of 80 house deals for each month. The most recent deals (100) were in March 2007 and are presently indicating what I accept to be…
By: Zeeshan Ahmad in  Real Estate  >  Property Management   May 12, 2016  
0
  Likes: 0

How Does A Survey By Homebuyer Reports Western Super Mare Services Help You?
Today, most of the homebuyers believe that the home they want to purchase has already undergone a survey. But, the fact is that the houses only had a valuation for mortgage while all other remaining valuation works are not yet complete. The homebuyers report is essential to safeguard you and…
By: Sia Benet in  Real Estate  >  Property Management   May 10, 2016  
0
  Likes: 0

An Overview Of the Growing Real Estate In Delhi NCR
Delhi can safely be called the real estate nucleus of India, owning to fast paced development in and around the city. The real estate market in Delhi has scaled new height. The city has experienced tremendous growth in terms of infrastructure development with the erection of many schools, colleges, hospitals,…
By:  in  Real Estate  >  Property Management   Apr 12, 2016  
0
  Likes: 0

Tips to Invest In Upcoming Property Projects In Navi Mumbai
According to the last survey conducted by a private real estate firm, Mumbai continues to be the most preferred location for property buyers. While some are eager to make property investment in the city, others are waiting for the right time to purchase property for personal use. The best time…
By:  in  Real Estate  >  Property Management   Apr 09, 2016  
0
  Likes: 0

Guide to Buying Low Budget Flats In Mumbai
Buying a house can seem like an overwhelming experience, so if you're wondering where to start then don't - by breaking down the process into bite size chunks, it makes life a little easier. With real estate market in Mumbai going overboard in terms of prices, middle-income group individuals had…
By:  in  Real Estate  >  Property Management   Apr 05, 2016  
0
  Likes: 0

Pros Of Property Development Bournemouth
There are many pros associated with property development Bournemouth. This article would guide you through different benefits that you might achieve by getting associated to this business. You might have noticed that this type of business is a bit different from the other types of property investments. In fact, this…
By: aby in  Real Estate  >  Property Management   Apr 03, 2016  
0
  Likes: 0

Questions to Ask Before Investing In Property
While buying a property has always been a dream for almost everyone, only few can afford them. With rising property prices, especially in metropolitan cities like Delhi, Mumbai and others, property investors and home buyers have been on a wait and watch stand. Though the property prices are not coming…
By:  in  Real Estate  >  Property Management   Apr 01, 2016  
0
  Likes: 0

Tips to Invest In Real Estate In Vashi
When we talk about real estate properties, Mumbai is the first city that comes to the mind in terms of lifestyle, standard of living, occupation and dwelling. The city has shelter for both poor and rich alike. Be it small 1room kitchen apartments or lavish duplexes, the city houses all.…
By:  in  Real Estate  >  Property Management   Mar 30, 2016  
0
  Likes: 1

Budget Properties In Navi Mumbai - vashi
Looking for affordable flats in Mumbai? There are various locations in the city where you can find affordable as well as luxurious housing options. Owing to high property prices in the main city, home buyers are resorting for small sized residential units, especially 1 and 2bhk flats. This increased demand…
By:  in  Real Estate  >  Property Management   Mar 23, 2016  
0
  Likes: 0

Rental Flats Or Apartments - take Your Pick From Properties In Andheri
Mumbai is well known for its realty industry. The industry is already booming and there is more growth expected in the coming years. People are flocking from all over to make a living in the city-a city of opportunities and dreams. While the industry is well established, it makes it…
By:  in  Real Estate  >  Property Management   Mar 21, 2016  
0
  Likes: 0

Scope Of Residential Property In Andheri
Andheri has been a major residential as well as commercial zone in Mumbai since a long time. The place has always garnered attention from homebuyers and investors alike. Previously touted as one of the suburban areas of Mumbai, the area underwent major transformation in the early 90s in terms of…
By:  in  Real Estate  >  Property Management   Mar 17, 2016  
0
  Likes: 1

Article Views: 726    Report this Article