5 cities in India most NRIs are investing in

As India sees a rise in booming economy and infrastructure development, NRIs from worldover are turning their attention towards India to look out for investment opportunities in their homeland. With a burgeoning real estate market and promising economic prospects, several Indian cities have emerged as hotspots for NRI investment. Here’s a closer look at the top five cities in India where NRIs are channelling their investment efforts in 2024:

1. Mumbai: The Financial Capital city:
   
   When it comes to making real estate investments that will appreciate in no time, Mumbai remains at the top of the list for NRI investors. It continues to be India’s financial capital and is a bustling metropolis with a thriving economy and a diverse real estate market. The city offers a range of investment opportunities from luxury residential properties in South Mumbai to commercial spaces in the Bandra-Kurla Complex (BKC). The increasing infrastructure investment on building connectivity in the city is giving NRIs great confidence in seeing real estate in Mumbai as a promising investment. The high demand for properties, coupled with the city’s status as a global business hub, makes Mumbai a prime choice for NRIs looking to invest in both residential and commercial real estate. Constant demand for professionals has created a steady income on rentals for NRI investors. Key investment areas in Mumbai that are the hot NRI investment areas include: Lower Parel, Bandra Kurla Complex (BKC), Navi Mumbai and Chembur.
   
   
2. Bengaluru: The Silicon Valley of India:
   
   Known as the Silicon Valley of India, Bengaluru is a major draw for NRIs, especially those interested in technology and startups. The city offers a flourishing IT sector, and its pleasant climate, diverse cultures as well as a vibrant lifestyle, making it an attractive investment destination. Real estate in Bengaluru is also booming, with numerous opportunities in both residential and commercial sectors, particularly in areas like Whitefield, Koramangala, and Electronic City.
   
   
3.  Delhi: The Capital City
   
   As the capital of India, Delhi offers a robust real estate market and a strategic location that appeals to NRIs. The city is a significant political and economic centre, providing lucrative opportunities for investment. The city offers diverse investment opportunities across residential and commercial properties to suit your investment needs. Areas such as Connaught Place, Gurgaon, and Noida are particularly popular among investors due to their development prospects and high rental yields.
   
   
4. Hyderabad: The City of Nizams
   
   Hyderabad has recently seen a major transformation in its landscaping, shaping it up to be the next big IT hub in the country. A number of big IT players have set up their corporate offices in this city, inviting an influx of professionals who are slowly becoming a part of Hyderabad city life. Two big reasons why NRIs must definitely consider Hyderabad as an investment option include: Huge infrastructural investment into Hyderabad Metro, that is likely to change Hyderabad’s connectivity in the coming years; and the competitive prices in which properties are still available in Hyderabad, which will give you much better returns in the coming years. Some of the top investment locations in Hyderabad for NRIs include: Gachibowli, HITEC city, Banjara Hills, Jubilee Hills, Madhapur and Kondapur.
   
   
5. Pune: The Emerging IT Hub
   
   The rapid growth in the IT industry and the top notch educational institutions make Pune a part of the top 5 preferred investment destinations for NRIs. As a city, Pune offers a balanced lifestyle, lower cost of living and increasing IT infrastructure making it an ideal investment destination for NRIs. Pune is recently seeing a number of high end lifestyle projects in terms of real estate that are attracting NRI investors. The real estate in Pune are still about 30% lesser than Mumbai, which will offer you more for your buck. Also, Pune has a huge concentration of working professionals, who have migrated from other cities; thus creating a strong rental market for NRIs investing in real estate from a renting out perspective. Hinjewadi, Kalyani Nagar and Baner are some of the most preferred Investment hubs of Pune.
   
   If you are a NRI looking to invest in the real estate market in India, these five cities offer a blend of economic potential, vibrant lifestyles, and diverse real estate opportunities. Whether you’re interested in residential properties or commercial ventures, these cities provide a range of options that cater to various investment preferences and goals. As always, conducting thorough research and consulting with local experts can help you make informed investment decisions and capitalise on the promising opportunities in these dynamic urban landscapes.