Attracting NRI Investors Commercial Real Estate in India
The Indian real estate market has gotten back on its foot after many quarters of slowdown due to the new reforms implemented by the government.
While the laws and moves hampered the sale and purchase of real estate, it did change the market dynamics completely. Now, the non-resident Indian investors are showing more interest in Indian properties and it’s not the residential sector they are targeting.
Their focal attention is one the commercial real estate in India as it is witnessing a gradual increase in capital appreciation and demand while also offering a high and stable rental yield. Read on to know the reasons why NRI investors are inclining towards commercial real estate of the country to get higher returns.
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Demand Of Office Spaces
The commercial growth in the majority of Indian cities and the developing smart cities is driving investors to place their bets on the commercial real estate of these places.
Many NRI investors can also be seen putting their money in co-working spaces as their trend is on the high these days.
High Rental Income
While a 200 square feet flat in a developed locality of metro city would yield a maximum of 30,000 a month as rent.
A commercial space, on the other hand, can fetch as high as 45,000–50,000 as monthly rent if it is in a popular commercial hub. The NRIs have realized this higher rental income for commercial property and have started showing an inclination towards this segment.
Lower Cost of Maintenance
Another advantage that NRI investors get from investing in commercial real estate is that they do not have to worry about or spend thousands each year in maintaining the property in its right shape.
The investors can also tailor the terms or modify the clauses of the lease agreement as per their requirement beforehand to ensure that they are not pestered with the property’s renovation or maintenance work. plots for sale in Guduvanchery
Capital Appreciation
The Real Estate Regulations and Development Act (RERA) has streamlined the commercial real estate sector and added transparency to transactions.
NRI investors do not have to worry about the projects being delayed or put off by developers owing to these rules. The commercial real estate segment is expanding and the NRIs investing in these segments would certainly grow with this expansion in the coming few quarters.
