Why invest in India?

Introduction

The Indian real estate sector is one of the most globally recognized sectors which is well complemented by the growth in the corporate environment and the demand for office space as well as urban and semi-urban accommodation. The construction industry ranks third in the world among the other 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy.

Market size

Real estate sector in India is expected to reach US$ 1 trillion in market size by 2030, up from US$ 200 billion in 2021 and contribute 13% to the country’s GDP by 2025. Retail, hospitality, and commercial real estate are also growing significantly as the demand is increasing for customised residential living.

Investments

The Indian real estate sector has witnessed high growth in recent times with rise in demand for office as well as residential spaces. According to Colliers India, institutional investments in the Indian real estate sector are expected to increase by 4% to reach Rs. 36,500 crore (US$ 5 billion) in 2021, driven by rising interest of investors towards capturing attractive valuations amid the pandemic.

Why invest in India?
Why invest in Mumbai?

Why invest in Mumbai?

Financial capital

There is no doubt that Mumbai, the economic capital of India, is a dream space for many aspiring homeowners. After all, the city and the suburbs have a lot of variety to offer, from lush bungalows to premium apartments. But did you know Mumbai’s realty scene is equally profitable for long-term investment purposes?
Why, yes! In terms of infrastructure, Mumbai has had a proven record of crucial developments, being the financial capital of the country. Infrastructure proposals such as the Eastern Freeway and the Chembur to Wadala Monorail have made Mumbai a lucrative city to invest in. This has also given rise to the demands for flats in Mumbai, specifically pertaining to such areas to cater to this, Supreme Universal is developing a Premium land parcel in Chembur suburb of Mumbai. The company is planning to develop an extravagant gated community project on the land parcel that has a replenishing development potential.

Commercial Hub

Mumbai scores highest on strong economics, lower crime and pollution readings; it remains India’s most expensive city in terms of real estate. The city is an economic powerhouse, industrial hub, and also the whole and sole of Bollywood, arguably India’s dominant film industry. From the banking and financial sector to the gem and jewellery industry, and from the automobile and IT industries, Mumbai has several important economic drivers.

Why invest in Pune?

Infrastructure

The major growth drivers for the Pune city have been the upcoming metro line, increased intra-city connectivity, well-planned growth of the road network, and the planned airport which boosted the development in peripheral locations in and around the city. While many other cities are still trying to cope with the recent loss faced due to the pandemic, Pune’s market displayed resilience. Today, the residential development in and around the city proves to be the backbone of key infrastructure projects like the Pune metro, the released plans for approximately 50 township schemes along the 128-kilometer stretch and the Mahalunge-Mann Hi Tech city, which seems to be developing at a rapid pace.

Infographics

Against 46,080 in 2021, a total of 84,200 units/projects of real estate were completed in the city in 2022, the latest survey by property consultant Anarock claims.Pune’s real estate sector saw an influx of $194 million in private equity investments during 2022. According to Savills India, the overall portfolio of institutional investors in Pune’s real estate market is expected to almost double by 2027. In addition to offices, about 29 million sq ft. of assets owned by institutional investors are spread across retail, hospitality, and industrial & warehousing sectors.

Why invest in Pune?

FAQ’s

A Non-Resident Indian (NRI) is an Indian person who remains abroad for employment/business or profession, or who stays abroad under conditions suggesting a desire to stay abroad for an indefinite period. Persons posted in United Nations Organizations and officials deputed overseas on temporary assignments by the Central/State Government and Public Sector Undertakings (PSU) are also considered NRIs. Non-resident foreign citizens of Indian origin receive the same treatment as NRIs.

A person of Indian Origin (PIO) is someone who has never possessed an Indian passport and is not a citizen of Pakistan, Afghanistan, Bangladesh, Iran, Sri Lanka, Nepal, China, or Bhutan (57 of 1955).A PIO is also a spouse (who is not a citizen of Pakistan or Bangladesh) of an Indian resident or a person of Indian descent.

An NRI can acquire any property in India, according to Reserve Bank of India (RBI) regulations. Any Person of Indian Origin (PIO), an individual who is not a citizen of Pakistan, Bangladesh, Sri Lanka, China, Afghanistan, Nepal, Iran, or Bhutan, can purchase immovable property in India if he/she held an Indian passport at any time or (ii) his/her father or grandfather was a citizen of India under the Indian Constitution or the Citizenship Act, 1955.

  • A pan card (Permanent account number)
  • OCI/PIO card (if applicable)
  • A passport (In case of NRI)
  • Passport-sized photos
  • Address verification

In most cases, an NRI/PIO cannot purchase agricultural land, plantation property, or farm buildings in India. Proposals to purchase such land must be explicitly approved by the RBI in collaboration with the Government of India. They can only obtain agricultural land by inheritance.

Funds can be transmitted to India from overseas via standard banking channels or via balance in an NRE, NRO, or FCNR account when making a property purchase payment.

Here are the top three reasons why NRIs should consider investing in Indian real estate:
Since there is no limit to the number of properties that may be purchased, NRIs can invest in as many residential properties and commercial properties in India as they like and receive rental income from them.
These investments provide substantial returns on a small initial commitment.
There is also the benefit of seeking tax deductions on income earned from property investments in India.

The NRI population has a distinct edge in that they may transform their hard-earned overseas cash into attractive investment opportunities in India. With the rupee at an all-time low of Rs 75+ versus the dollar, real estate investing has become more inexpensive and attainable.

The Non-Resident Indians who are staying abroad may give authority to their relatives/ agents by executing Power of Attorney in their favor as it is not possible for them to be present for completing the formalities of purchase (negotiating with the builder or developer, drafting and signing of agreements, taking possession, etc.). Power of Attorney should be executed on the stamp paper before the proper authorities in foreign countries. Power of Attorney cannot be prepared on the stamp paper bought in India.

The RBI has granted general permission to NRIs and foreign citizens of Indian origin, to let out their residential properties acquired for their bonafide residential purpose but which on account of their residence abroad, are not required for their immediate residential purpose. The rental income cannot be repatriated. Thus rental income must be credited to the NRO account / resident accounts in India.

Agreement to sell is a legal document which is executed between the builder and the customer, after the customer has paid 20% of the agreement value of the apartment. This document will have the terms and conditions of the seller and the buyer after the purchase of the property. Sale deed is the final and very important document which authenticates that the title of the property is conveyed to the buyer.

Yes, the Reserve Bank has granted general permission to NRIs to acquire or dispose of NRI India Properties by way of gift from or to a relative who may be an Indian citizen or a person of Indian origin (PIO) whether resident in India or not.

Floating interest rate loan is a loan where the interest rate payable is linked to the market conditions such as the bank’s retail prime-lending rate (PLR) it rises and falls with the bank rate varies. Hence, a borrower bears the risk of interest rate fluctuations. Floating interest rates offered are usually lower than the fixed interest rates.

An NRI can get a Home Loan of up to 75-80% of the Total Consideration Value of the property.

Reserve Bank has granted general permission to certain financial institutions deals in housing finance to grant housing loans to non-resident Indians for acquisition of houses/flats for self-occupation subject to certain conditions.

CORPORATE OFFICE - MUMBAI

18th floor, Supreme Headquarters, 14th & 33rd Road, Bandra West, Mumbai – 400 050

+912267852000

PUNE OFFICE

"B" Wing 1404/05, Amar Business Zone, Baner Road, Pune- 411045.

+912067295001

For sales enquiries please contact:

+918904332090

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