Why Property in Gurgaon is Attracting NRIs and Shaping the Future of Real Estate
The millennium city of Gurgaon is without any shadow of a doubt the most crucial and important part of the all-important national capital region. It is the undisputed hub for investments as far as the IT, BPO, and residential real estate are concerned. Commercial real estate is witnessing a gigantic boom as well. Google, Zomato, YouTube, Accenture, Dell, Samsung, etc., are just a few of the firms who have state-of-the-art offices in the city. Thus, individuals and corporates are flocking towards Gurgaon to invest their hard-earned money in property in Gurgaon.
But the category of realty investors who is taking Gurgaon’s real estate market by storm is NRIs, that is non-resident Indians. NRIs from a plethora of foreign countries like the USA, Canada, and the Middle East are making a beeline to invest in Gurgaon and rightly so. Below are just a few of the reasons which make Gurgaon the force that it is today. Gurgaon is in extremely close vicinity to the national capital of Delhi. Usually, international real estate investors prefer to park their money in cities which are located near the national capital of a country, and NRIs are no different. The real estate market of Gurgaon is world-famous for making millionaires out of thin air. Humungous return on investments is and will always be the biggest USP of Gurgaon. Thus a locality which offers close proximity to the national capital and immensely high ROI is bound to be a recipient of massive investment inflows. Furthermore, real estate companies in Delhi NCR are witnessing a tremendous surge in demand for properties in this region, making it an ideal investment destination.
Gurgaon extends an opportunity to investors to invest in state-of-the-art, luxury homes. NRIs who want to buy luxury apartments or penthouses for their end-use are also flocking towards Gurgaon, and rightly so. Properties of such epic proportions cannot be found anywhere else in Delhi-NCR. Also, these apartments are very close to the standard of living that is extended to NRIs outside our great country. So the rush to buy residential property in Gurgaon is highly understandable. Add to this the great rental values which can be derived from leasing out these properties, making them a source of regular income for NRIs. Therefore, high rental value is another plus which attracts NRIs to Gurgaon.
Also, a major chunk of NRIs has some connection or the other with Delhi-NCR. Many of them would have lived in NCR before, have relatives who stay here, or have pursued their education/career in the national capital region. So for obvious reasons, they love to come back for more. In what is another USP of NCR, the concerned government authorities have developed and maintained cutting-edge infrastructure in the city. Wherever infrastructure keeps booming constantly, growth and price appreciation are bound to happen.
Thus, wise, prudent, and meticulous NRIs are investing in Gurgaon, and so should you. Explore the millennium city’s real estate market and watch your money grow by leaps and bounds.