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Posted by Warren Martin on April 11, 2024
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Top Investment Destinations for NRIs in India in 2024

Top Investment Destinations for NRIs in India in 2024


Investing in Indian Real Estate is a smart choice for NRIs, with some key legal considerations, NRIs can easily buy both residential and commercial properties in India without an RBI permit. They can even rent out multiple properties and remit the rental income after paying Indian taxes. However, NRIs need RBI permission to buy agricultural or plantation land. Transactions happen in Indian rupees via local banks, and loans for property purchases are available, with funds directly sending it to the seller or developer. NRIs must follow FEMA rules, check builders’ credentials, and understand tax details like TDS for property sales.
As NRI increasingly invests in India’s real estate, they’re expected to make up 20% of the market by 2025, especially in cities like Bangalore and Mumbai.

Gaze upon the marvels of:

Mumbai :

Mumbai Formerly known as Bombay, is the capital city of the Indian state of Maharashtra. It is the most populous city in India and the seventh most populous city in the world, with a population of over 20 million people in its metropolitan area. Mumbai’s real estate market is one of the most dynamic and expensive in India. It offers a mix of residential, commercial, and retail properties, with prices varying significantly based on location, amenities, and demand.

Here are the top locations in Mumbai:

  1. Powai:

    Powai, located in the heart of Mumbai, is known for its upscale residential developments and scenic Powai Lake. The area has emerged as a sought-after location for IT professionals and corporates due to its proximity to business hubs.

    Check out the properties in Powai: [Link]

  2. Mahalaxmi:

    Located in South Mumbai, Mahalaxmi is known for its iconic racecourse and luxurious residential developments. The area offers a blend of modern amenities and old-world charm, making it a sought-after location for homebuyers.

    Check out the properties in Mahalaxmi: [Link]

  3. Chembur

    Chembur, located in eastern Mumbai, is a well-established residential locality known for its green spaces and excellent connectivity. The area has seen significant development in recent years, with several premium residential projects coming up.

    Check out the properties in Chembur: [Link]

  4. Hinjewadi

    Hinjewadi, located in the outskirts of Pune, is a thriving IT hub known for its world-class IT parks and residential developments. The area offers a high quality of life to its residents, with excellent infrastructure and amenities.

    Check out the properties in Hinjewadi: [Link]

  5. Thane

    Thane, a bustling suburb of Mumbai, is known for its excellent infrastructure, educational institutions, and healthcare facilities. The area offers a mix of residential and commercial developments, making it a popular choice for homebuyers and businesses alike.

    Check out the properties in Thane: [Link]

  6. Navi Mumbai

    Planned as a satellite city to Mumbai, Navi Mumbai has emerged as a thriving residential and commercial hub. With its well-planned infrastructure and abundance of green spaces, Navi Mumbai offers a high quality of life to its residents.

    Check out the properties in Thane: [Link]

  7. Kalyan West

    Planned as a satellite city to Mumbai, Navi Mumbai has emerged as a thriving residential and commercial hub. With its well-planned infrastructure and abundance of green spaces, Navi Mumbai offers a high quality of life to its residents.

    Check out the properties in Thane: [Link]

  8. Panvel

    Kandivali East, located in western Mumbai, is a well-established residential locality known for its green spaces and excellent connectivity. The area has seen significant development in recent years, with several premium residential projects coming up.

    Check out the properties in kandivali East: [Link]

  9. Andheri East

    Andheri East, located in western Mumbai, is a bustling locality known for its vibrant nightlife and excellent connectivity. The area has a mix of residential and commercial developments, making it a popular choice for both homebuyers and businesses.

    Check out the properties in Andheri East: [Link]

Bangalore :

The real estate market in Bangalore has experienced significant growth over the past decade, marked by booms, slumps, and regulatory reforms. A decade ago, the city rode on the wave of becoming India’s IT Hub, attracting a swarm of professionals and propelling property prices to soaring heights. This boom was buoyed by supportive governmental policies, an influx of foreign investment, and the availability of easily accessible home loans. Looking forward, Bangalore’s residential real estate sector stands poised for consistent growth, propelled by the city’s robust economic foundation, its stature as a hotbed for innovation and technology, smart city initiatives, and ongoing infrastructure enhancements. Projections indicate an anticipated average annual growth rate ranging between 5% to 8% across most localities.

Pune :

Pune, the vibrant metropolis nestled in Maharashtra, has emerged as a beacon of opportunity in India’s real estate landscape. Boasting economic stability, a steady job market, and a high quality of life, Pune has become a sought-after destination for investors seeking lucrative ventures.

Here are the top locations in Pune:

  1. Centralis Pimpri:

    Located in the bustling suburb of Pimpri-Chinchwad, Centralis Pimpri offers a blend of modern living and strategic location. The project features well-designed apartments with contemporary amenities, making it an ideal choice for families looking for a comfortable lifestyle. Its proximity to commercial hubs and educational institutions adds to its appeal.

    Check out the properties in Centralis Pimpri: [Link]

  2. Pimpri Chinchwad:

    Pimpri Chinchwad is a rapidly developing suburb of Pune, known for its industrial and commercial establishments. The area offers a range of residential options, from affordable apartments to luxury villas, catering to diverse budget requirements. Its well-developed infrastructure and proximity to key areas make it a popular choice among homebuyers.

    Check out the properties in Pimpri Chinchwad: [Link]

  3. Kharadi:

    Kharadi is a prominent residential and commercial locality in Pune, known for its upscale residential projects and IT parks. The area offers a luxurious lifestyle with a range of amenities such as shopping malls, restaurants, and entertainment options. Its strategic location, close to the airport and railway station, adds to its allure.

    Check out the properties in Pimpri Kharadi: [Link]

Goa :

Experience the booming real estate market in Goa! Luxury properties and second homes, priced between Rs 1 Crore to Rs 3 crore, are in high demand. Investors from Mumbai, Bangalore, and Delhi are eying Goa for its high rental income and long term appreciation

Here are the top locations in Goa:

  1. Porvarim:

    Located just a short drive from the bustling capital city of Panaji, Porvorim is often considered the legislative capital of Goa. Despite its proximity to the city, Porvorim retains a peaceful charm, making it a popular choice for those looking for a quieter lifestyle. The area is dotted with beautiful villas and apartments, offering stunning views of the surrounding greenery.

    Check out the properties in Centralis Porvorim: [Link]

  2. Margoa:

    Nestled in the lush greenery of North Goa, Assagao is a charming village known for its relaxed atmosphere and beautiful colonial architecture. The area is home to a vibrant community of artists, writers, and musicians, giving it a bohemian vibe. Assagao is also known for its wellness retreats and yoga centres, making it a perfect place to rejuvenate your mind, body, and soul.

    Check out the properties in Margoa: [Link]

  3. Ponda:

    Ponda is a bustling town located in the heart of Goa, known for its rich history and cultural heritage. The area is home to several historic temples, including the famous Shri Mangesh Temple, which is dedicated to Lord Shiva. Ponda is also known for its vibrant markets, where you can shop for traditional Goan handicrafts and souvenirs.

    Check out the properties in Ponda: [Link]

  4. kadamba Plateau:

    Located near the state capital of Panjim, Kadamba Plateau is rapidly developing into a major IT hub in Goa. The area is home to several IT companies, offering a range of job opportunities in software development, IT consulting, and digital marketing. The presence of several educational institutions in the vicinity also contributes to the growth of the IT sector in Kadamba Plateau.

    Check out the properties in kadamba Plateau: [Link]

  5. Panjim:

    As the capital of Goa, Panjim is a bustling city with a thriving job market. The city is home to numerous government offices, banks, and corporate headquarters, offering a wide range of job opportunities in administration, finance, and management. Panjim is also known for its vibrant culture and heritage, making it a popular destination for tourists and expatriates alike.

    Check out the properties in Panjim: [Link]

  6. Mapusa:

    Mapusa is a bustling town located in North Goa, known for its vibrant markets and commercial activities. The town is a major commercial hub, offering job opportunities in retail, hospitality, and trading. Mapusa is also well-connected to other parts of Goa, making it an attractive location for businesses looking to establish a presence in the region.

    Check out the properties in Mapusa: [Link]

  7. candolim:

    Located in North Goa, Candolim Beach is known for its pristine white sands and serene atmosphere. The beach is ideal for sunbathing and swimming, and also offers a range of water sports activities. Candolim is also home to several beach shacks and restaurants, serving delicious Goan cuisine and refreshing drinks.

    Check out the properties in candolim: [Link]

  8. Arpora:

    Arpora is located near Anjuna and is known for its serene and peaceful ambiance. The area is ideal for those looking to escape the crowds and enjoy some quiet time. Arpora is also home to several luxury resorts and spas, making it a popular destination for those looking to relax and rejuvenate.

    Check out the properties in Arpora: [Link]

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