The right time to invest in property is always now and the present global health crisis reinstates this further. Nearly 28 million Indians live overseas, and India has the world’s largest inward remittance of around $70 billion annually. The need of having your dwelling is being looked up as a necessity more than a luxury. A sense of insecurity looms large and many NRIs are relooking at investing in India and having a house back home. Besides, the lowest home loan rate, exciting offers, and deals, falling rate of Indian rupee and availability of ready to move in or nearing completion properties makes it the ideal time for homebuyers to invest in India.
South India, A Favourable Micro Market
Within the Indian market, South India emerges as a strong micro-market luring NRIs substantially due to the availability of houses across segments, on-time completion of projects and higher and stable rental yields. Cities like Bengaluru, Hyderabad and their satellite towns offer a propitious investment climate and well-developed corporate ecosystem, making it even more compelling for NRIs. The real estate market in these cities is already booming and a surge is getting predicted due to the existing favourable investment climate and COVID-19 health crisis.
The sudden surge in NRI investment in real estate is getting attributed to the era of uncertainty caused by the COVID-19 pandemic. Owning a home back in the country adds to the safety and comfort quotient. The prevailing crisis has created much uncertainty among the NRIs and is making them decide on investing back in India to secure themselves. Surveys indicate that some of them ended up buying a property due to job loss abroad forcing them to return to India. Many others consider investing in property as a safe proposition as the pandemic has adversely affected the global stock market.
Making the deal even more lucrative for NRIs is the present depreciation of Indian rupee. So, they have to spend less to buy a home in India. The pandemic has also resulted in developers providing easy EMI and payment options, and other attractive offers. A combination of these schemes and offers is also encouraging investors to take the plunge. Besides, the stricter regulatory measures and increased transparency are making it lucrative for NRIs to invest in south India. The smooth RERA implementation has also strengthened the confidence of NRI buyers. RERA effectively addresses issues like delay in project delivery and ensures transparency in transactions. The investment climate further becomes amiable owing to the lowest interest rate on home loans in the last 15 years. This also encourages the homes buyers to invest in India.
Valmark CityVille – The Perfect Investment Opportunity in Bengaluru
If you are looking for a project nearing completion and offers the best of villa and apartment living, then it’s time you know about Valmark CityVille. One of the finest developers in Bengaluru offers the finest villament project and the Phase 1 of CityVille is nearing completion. Designed keeping space, aesthetics, and greenery in mind, CityVille is not just a home; it’s a feeling only a select few can cherish. The duplex and triplex villaments offer a garden or terrace garden and ensure absolute privacy. It’s time to sit back and enjoy in your terrace garden. Plan those barbeque nights in Bengaluru’s perfect climate and get the privacy for which you always longed. CityVille also features a fully equipped clubhouse and lakefront promenade and deck ensuring there is never a dull moment when you shift into this largest villament community.
