NRI is a category of customers that perceive real estate as a prospective investment, especially in the metro cities of India. The experts connect the dots of the lifestyle outside of India and what matches that level of advancement in India. Amongst the metro cities with the highest demands, NCR is one of the top-ranking locations. The new projects in Noida like the Assotech Celeste Towers, Assotech Windsor Court are the carriers of the future investment increase done by the NRI.
The significance of a property that has the potential to interest the NRI customers comes with the quality of being mid-income and not high-value because a mid-income house gets picked faster, converting the worth of an NRI’s investment faster. This also creates more opportunities for the NRI customers to invest instead of concentrating a huge chunk of funds on one property. Assotech Canopy is one such example that yields more NRI comfortable properties with a high demand for the residents.
Market research reflects the fact that the average age of the NRI consumers who invest in Indian properties is above 45 which means that the intent of their investment also would be for their post-retirement life. The new projects in Noida both residential and commercial have the qualities that cater to a lifestyle that could be preferred by the NRI for their retirement plans. These also cover the facilities of health safety which is a big concern of NRI customers since the pandemic.
This also brings a requirement for a larger space since the psychology of shifting to a spacious home ensures well-being and that is realized by the NRI customers under the current circumstances and trends of the market. However, from a sole investment perspective, it is stated by many market experts that the NRI customers are more inclined towards investing in commercial real estate than residential, but they end up buying home spaces as a backup which could later be transferred to a commercial property when the time is right. This also exponentially increases the worth of their investment with time assuring them a good capital return.
The residential projects in NCR have the biggest selling factor of being buyer-friendly which floods in the affordable home buying NRI customers. This is because the mid-income population demands rental homes that are pocket-friendly which gives the NRI customers an opportunity to multiply their assets on an assured rental return.