Sales of luxury homes valued at Rs 4 crore and above rose 97% over the previous year in major Indian cities from January to September 2023.
The Indian real estate market offers lucrative investment opportunities for NRIs, particularly due to the rupee's depreciation. Experts suggest that now is a good time for NRIs to invest in various property types.
Indian real estate market remains attractive for NRIs, with regulatory framework permitting them to buy immovable properties, excluding citizens of certain countries.
Sales to NRIs in India show resilience despite domestic slowdown and have tripled over half a year.