The best time to make a real estate investment is always right now! We’ll also explain why investing in real estate in South India makes sense if you’re an NRI intending to invest your worthwhile money somwehere in your very own country.
With about 28 million Indians living abroad, India receives the largest yearly inward remittance of $70 billion in the world. Since many NRIs are reconsidering investing in India and owning a home at home in the wake of the COVID-19 outbreak, having a place to live is seen more as a necessity than a luxury. The best moment for homebuyers to invest in India, especially South India, is right now for a variety of reasons that are listed below, in addition to the lowest home loan interest rate, exciting offers and bargains, declining value of the Indian rupee, and availability of homes that are ready to move into or almost finished.
Owning a property in India is a safe proposition
The unexpected increase in NRI real estate investment is being linked to the fact that owning a property within the country raises the level of safety and comfort. According to surveys, the majority of NRIs who were forced to return to India by the epidemic ended up purchasing real estate there. After that, a lot of people began to view buying real estate in India as a secure investment.
The Indian rupee value is depreciating
The current weakening of the Indian rupee makes the arrangement even more profitable for NRIs because it means they will spend less money to purchase a home in India. Developers now provide simple EMI and payment choices, as well as other alluring deals. A mix of these promotions and plans are also enticing investors to invest.
South India is a favourable micro market
Due to the abundance of homes in all price ranges, timely project completion, and better and steady rental yields, South India establishes as a strong micromarket that attracts NRIs. Cities like Bangalore make it even more appealing for NRIs to invest by providing a favourable investment climate and a well-developed corporate ecosystem. Moreover, the lowest interest rate on house loans in the previous 15 years has also significantly improved the investing environment. Due to these advantageous investment opportunities, and expanding infrastructure, the city’s real estate market is currently on the rise.
South India adheres to strict regulatory standards
It is profitable for NRIs to invest in South India due to the stronger regulatory requirements and more transparency. The confidence of NRI buyers has increased as a result of the flawless implementation of RERA. RERA successfully addresses problems like project delivery delays and guarantees transaction transparency. This encourages homebuyers to make investments in India.
MJR Opus – The best place to invest in, in Bangalore
There is no better option than investing in Bangalore when wanting to buy a home in India, particularly in South India! The Garden City of India provides the ideal setting for habitation, with a year-round pleasant climate and an abundance of vegetation. Additionally, the Silicon Valley of India provides a fantastic way of life for all types of individuals, including working professionals, students, and senior residents in retirement. And as an NRI, purchasing a villa plot in Bangalore is among your greatest investment possibilities. If you have one, you can build a villa for yourself anytime you choose to relocate permanently to your own country. And if not, you can always resell the land to make incredible profits with a greater resale value!
Whatever your decision and desire, investing in the MJR Opus plots for sale in Bagalur-Sarjapur Road is a smart move. Since the previous year, the real estate market in this particular location has been trending higher. With so much nearby to make life easier for residents, it is undergoing aggressive expansion while remaining hidden in the peaceful green surroundings. Bagalur is one of the fastest-growing regions you’ll ever hear of, thanks to its strong infrastructure, plenty of local and international educational institutions, resorts, spas, FIFA-certified football stadium, and incredible connectivity with neighbouring locations. Consequently, making an investment here could result in an abundance of comfort and a lifestyle that is nothing short of magnificence!
