Apart from being the nation’s capital, Delhi-NCR also holds a special place in every Indian citizen’s heart. Whether you blame it on its vibrant culture or multi-ethnicity or food or whatever — Delhi-NCR is probably one of the few places where every Indian citizen wants to build his/her home. 

And if you are a Non-Resident Indian (NRI) looking to invest in India, Delhi-NCR could also be the perfect investment destination for you. With its thriving economy, rapidly growing infrastructure, and increasing demand for real estate, Delhi-NCR offers a wide range of investment opportunities for NRIs. But that's not all.

Investing in Delhi-NCR also comes with several other benefits such as higher returns on investment, tax benefits, and the ability to diversify your investment portfolio. In this article, we'll take a closer look at why NRIs should consider investing in Delhi-NCR and how it can help them achieve their financial goals. So, whether you're looking to invest in residential or commercial properties, or explore other investment options, keep reading to find out why Delhi-NCR should be on your radar.

The current real estate market in Delhi-NCR

The real estate market in Delhi-NCR has been on an upward trend in recent years. This is due to a number of factors, including the growing population, increasing urbanization, and the rise of the middle class. 

According to a report by JLL India, Delhi-NCR has the highest number of unsold units in India, making it an ideal destination for investors. The report also states that the real estate market in the region is expected to grow at a rate of 5-10% over the next few years, making it a lucrative investment opportunity for NRIs.

Investing in real estate in Delhi-NCR is particularly attractive because of the high rental yields. The rental market is strong, with demand for rental properties increasing due to a shortage of affordable housing. As a result, rental prices have been steadily increasing over the years, providing a steady stream of income for investors. In addition, property prices in Delhi-NCR are expected to appreciate in the future, providing investors with the potential for capital gains.

Advantages of investing in Delhi-NCR as an NRI

CII-Anarock survey reflects that 20% of the NRI respondents are planning to buy homes in NCR According to demographic data, NRI buyers, typically middle-aged, purchase these properties primarily for investment purposes.

Also, the Indian Ministry of Urban Development selected the New Delhi Municipal Council (NDMC) as one of the first 20 cities under the Smart City Mission

There are several advantages to investing in Delhi-NCR as an NRI. Firstly, investing in real estate in India offers higher returns on investment compared to other investment options such as fixed deposits and mutual funds.

“The return of NCR as the second most favorable destination of NRI investment in real estate with more than 3/4th NRIs seeking bigger homes show how much homeownership sentiments with quality lifestyle have strengthened over the years in the region, especially Gurugram." said Amarjit Bakshi, CMD, Central Park

Secondly, NRIs investing in India are eligible for tax benefits under the Income Tax Act. NRIs can claim deductions on home loans, interest paid on loans, and property taxes, among other things. These tax benefits can help NRIs maximize their returns on investment.

Investing in real estate in Delhi-NCR also provides NRIs with the opportunity to diversify their investment portfolio. By investing in real estate, NRIs can spread their investment risk across different asset classes, reducing the impact of market fluctuations. In addition, investing in real estate in India provides NRIs with a sense of emotional connection to their home country, which can be a motivating factor for many.

Top emerging locations to invest in Delhi-NCR

New Gurgaon

New Gurgaon has become a prime area of focus for real estate developers and builders, owing to its strategic location and excellent connectivity with other parts of the NCR. The Kundli-Manesar-Palwal Expressway, NH-8, and Dwaraka-Gurgaon Expressway provide easy accessibility to this region, making it an attractive option for homebuyers and builders alike. Sectors 82 and 92, in particular, are witnessing a surge of interest due to their proximity to Manesar and Gurgaon.

Greater Noida

Greater Noida is emerging as a hub for urban infrastructure and a well-designed satellite town that offers a plethora of real estate options to property buyers in 2018. As the city undertakes various infrastructure development projects in the coming years, it is expected to push up property prices, thereby generating high returns on investments for buyers.

Sohna

Sohna, situated on the southern outskirts of Gurgaon and a Delhi hotspot, is the newest real estate destination that promises lucrative investment opportunities. Key industry players such as Supertech, Ansal API, and Ireo have already commenced their projects in the region. Furthermore, the establishment of offices by companies like MorningPlum Healthcare Pvt. Ltd. and SEOSPELL is expected to create more job opportunities, leading to a surge in property prices. Sohna enjoys excellent connectivity to NH-8, Golf Course Road, IGI Airport (just 21 km away), and the yellow line stations of Sikanderpur and Huda City Center of the Delhi metro system, making it an attractive location for real estate investment in Delhi.

Kundli

Kundli, nestled in Haryana's Sonipat district, is swiftly emerging as a favored real estate destination for investors. The area's proximity to North Delhi is a major contributing factor to its rapid growth. Additionally, Kundli's future prospects look bright due to ongoing and proposed development projects. The Kundli-Manesar-Palwal Expressway, also known as KMP Expressway, is one such significant project that would enhance the area's potential and create further opportunities for growth.

Bhiwadi

Bhiwadi, a fast-growing city in Rajasthan, has gained prominence as a significant part of the Delhi NCR region owing to its close proximity to Delhi. The city is connected to the IT hub of Gurgaon via National Highway 8, which is only 45 km away. Compared to Gurgaon, real estate in Bhiwadi is relatively more affordable. Bhiwadi offers an ideal location for real estate investment in Delhi NCR due to its well-planned infrastructure, increasing employment opportunities, pollution-free environment, premium facilities, affordable property prices, and direct connectivity.

Central Noida (Sector-74-78)

This area is considered as the fastest urbanizing zone in Noida and has gained prominence due to the development of ultra-luxury residential and commercial projects. Some of the renowned builders who have established their presence here are ATS Group, Mahagun Developers, and Panchsheel. Proximity to FNG, the Delhi-Noida-Direct (DND) Flyway, and the Noida Expressway makes commuting to other parts of Noida and Delhi a breeze. The opening of the Aqua metro line in Noida, along with the extension of the metro blue line to Electronic City, has fuelled the demand for both residential and rental properties in the area.

Key Highlight: Upcoming Jewar airport  

Amit Jain, Director, Mahagun Group, said, “Due to its smooth connectivity with National Capital, competent business growth opportunities, and infrastructural developments like the ongoing construction of Jewar Airport and the emergence of new hubs like New Noida and Sectors close to Noida-Greater Expressway gaining traction, there are multiple advantages which are attracting NRIs to invest in luxury homes in NCR. NRIs possess the income bandwidth to invest in luxury and ultra-luxury 4BHKs and 3BHKs, where they can plan a life post-retirement or choose to settle permanently with families as work-from-anywhere models get popular in the West and Arabian countries.” Zoltan Properties - Your Trusted Real Estate Advisor Delhi-NCR

Finding the right property and real estate agent in Delhi-NCR can be a daunting task for NRIs. However, there are several things that NRIs can do to make the process easier. Firstly, NRIs should do their research and identify the areas that offer good investment opportunities. NRIs should also work with reputable real estate company who have a good track record and can provide them with accurate information.

Whether you want to invest in commercial property in India or looking forward to buy your next residential property, with our experience & expertise, the experienced and knowledgeable team at Zoltan Properties is here to assist you. With their expertise and a wide range of properties to choose from, they can help you find the perfect investment opportunity to suit your needs and goals.

So why wait? Get in touch with Zoltan Properties today and start your journey towards achieving your real estate investment dreams!

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