Why NRIs Are Buying More Commercial Property In India?

Over the years, NRIs are increasingly investing in commercial properties in India. Also, many properties such as Pride World City are offering commercial spaces at a cost-effective price point. There are ample reasons why NRIs are heavily investing in commercial properties.

In the last few months, the value of the rupee has gone down as against dollar. This gives a good chance to NRIs earning in dollars to acquire more space at a lesser price. Be it booking flats in Pune or any other metro, NRIs can get a good deal.

Thanks to the implementation of policies such as RERA, the Indian real estate sector has become more transparent. Today, NRIs can track the progress of any project and builders can't take them for a toss. This has boosted their confidence manifold since they know every aspect of project development.

Must Read: Ultimate Property Buying Guide for NRIs in India

Also, the fact that the prices of commercial properties appreciate in the long run. So, should NRIs wish to sell their property in the near future, they can bag a profitable deal. This is another reason that has boosted the confidence of NRIs to invest in the country’s commercial realty sector.

Many firms in the country are on the lookout for commercial spaces for operations. If NRIs rent out a commercial property, it can become a source of secondary income for them.

Also, investing in a commercial property can secure an NRI's retirement. The rent earned from a commercial property can help NRIs to meet their post-retirement expenses and other needs. They can address various expenses once they hang up their boots.