According to the business analysts in Singapore, real estate post demonetization is very beneficial for NRIs for luxury property market. This is because of the reduced property rates by the big real estate groups in various cities of India.
Where Indian realty is almost about to lose the sales outlook for 2017-18, NRIs interest towards investing in Indian real estate brings some hope to the builders and the Indian realty.
Categorically, the most affected range of property apartments after demonetization is the premium and luxury ones. This is because one of the prime objectives of demonetization was to dissuade prominent cash transactions.
Delhi is expected to offer a discount of 25%-30% in its property prices.
We are well aware of the downfall that the property market has witnessed after the announcement of demonetization but at least the NRIs have something to gain out of it.
Experts have even observed a downfall in the people consulting the property enquiry portals which is now a mere 400 people per day compared to the former 1500-1700.
These experts are also saying that the market has no option other than to wait for the correct time to play the right move.
And there is no doubt in the fact the people at the most advantage are the NRIs who are leaving no chance at this perfect opportunity to invest in luxury property markets.
All the metropolitan cities such as Delhi, Mumbai, Bangalore etc. have been the favourites of the NRIs for investing in the luxurious apartments.
Amongst the above-mentioned destinations, NCRs have been in the interest-list of NRIs for long time and Gurugram real estate are most likely to win the game because of the following properties in the region –
• Adel Landmarks Sky Ville
• Maxworth Infrastructures City Residence
• TATA Housing La Vida
• ATS KOCOON
• DLF PRIMUS
• ATS MARIGOLD