This year is looking bright for real estate players
in India. This is with studies signalling that Non Resident Indians (NRI)
property buyers' investment is forecasted to rocket by 35% against 18% in the previous
fiscal year.
NRIs are now feeling feeling confident towards the
new government of India and are awaiting an investment-friendly market within a
variety of fields. This is according to said D S Rawat in a report, who is the
secretary general of ASSOCHAM. According to a survey of 850 real estate
developers conducted by the industry body, there has been a significant rise in
the number of enquiries from NRIs. The survey was conducted in Ahmedabad, Bangalore,
Chandigarh, Chennai, Dehradun, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune
amongst others.
