Why should NRIs invest in the best Indian real estate? The answer is the developing pace of the Indian economy, which is now one of the fastest-growing in the world. The cities that are good investment points for NRIs are listed in this article, examining factors like economic growth, property prices, infrastructure development, and potential returns on investment.
Image credit: Housewise
This blog is going to change your mentality about investing in India, specifically for NRIs who reside outside the country and are looking for stable and secure investment options. This blog will list the top Indian real estate hotspots for NRIs to invest in 2024.
| S. No. | Top Indian Real Estate Hotspots for NRIs to Invest in 2024 |
| 1 | Mumbai |
| 2 | Delhi |
| 3 | Chennai |
| 4 | Kochi |
| 5 | Hyderabad |
| 6 | Pune |
| 7 | Kolkata |
| 8 | Ahmedabad |
| 9 | Bangalore |
| 10 | Navi Mumbai |
Mumbai
Source: Google Images
Mumbai is known as the finance capital of India, where maximum capitalism, including some of the richest financial institutions, exists. That’s why it is listed as the first choice for the NRIs who want to invest in India’s real estate.
Read the financial details of Mumbai and the ongoing infrastructure development:
| Aspect | Info |
| Key Economic Driver | Finance, Business Hub |
| Average Property Price | 30k to 55k per sq. ft. |
| Major Infrastructure Projects | Mumbai Metro, Coastel Road Development |
| Popular Places | Bandra, Juhu, Powai |
| Potential ROI | High |
Why to invest in Mumbai?
Mumbai’s real estate sector is among the best on the list due to the factors given below:
Economic Hub
As India’s financial capital, Mumbai is home to many MNCs, financial institutions, and companies.
High Demand
Mumbai is a business centre, there is an ever-growing demand for residential and commercial properties.
Development Projects
With important projects like the Coastal Road and the extensions of the Metro, connectivity will increase and property values will
Delhi
Source: Google Images
Delhi is the capital of India, where all the financial decisions take place under the power of the parliament house. Due to several development projects and ongoing growth steps, this has become the second on this list of Top Indian Real Estate Hotspots for NRIs to Invest in 2024.
Read the financial details of Delhi and the ongoing infrastructure development:
| Aspect | Info |
| Key Economy Driver | Government, Education |
| Property Price | 20k to 40k per sq. ft |
| Imp Infrastructure Projects | Metro expansion, road development |
| Popular Places | Vasant Kunj, Greater Kailash, Rohini |
| Potential ROI | High |
Why invest in Delhi?
Dellhi’s real estate is witnessing a high value due to several ongoing projects and economic valuation. Here are a few factors due to which Delhi’s real estate is best to invest for the NRIs.
Political and Economic Significance
Delhi, being the national capital of India, is a hot spot for businesses both local and foreign.
High-Value Properties
An excellent high rental yield area for property investors with both high property values and rentals.
Ongoing Development
The network of the Metro and road network will connect better, causing property extremes.
Chennai
Source: Google Images
Chennai is the third city in India listed in the list as one of the best places for making investments in Chennai’s real estate. This is known as the Gateway to the South, which is a major industrial and IT hub with hundreds of investing opportunities.
Read the financial details of Chennai and the ongoing infrastructure development:
| Aspect | Info |
| Key Economy Driver | IT, Education, Manufacturing |
| Property Price | 8k to 15k per sq. ft |
| Imp Infrastructure Projects | Metro extensions, road improvements |
| Popular Places | OMR, Adyar, Velachery |
| Potential ROI | Moderate |
Why Invest in Chennai
Making investments in Chennai real estate is the perfect idea for people living outside India, like NRIs. Here, we are also listing some other factors due to which Chennai is best for investments.
IT and Industrial Growth
One of the major cities in South India, Chennai is witnessing great demand for both residential and commercial properties due to a thriving IT and industrial sector.
Affordable Property Prices
In comparison to the real estate market of cities such as Mumbai and Delhi, Chennai provides more affordable property.
Infrastructure Developments
Continual Metro expansions and road upgrades add value to the city’s real estate.
Kochi
Source: Google Images
Kochi is next on the list of the top places for making investments in NRIs. Here are some of the important points of Kochi.
Read the financial details of Kochi and the ongoing infrastructure development:
| Aspect | Info |
| Key Economy Driver | Tourism, Real Estate |
| Property Price | 6k to 12k per sq. ft |
| Imp Infrastructure Projects | Metro development, Road and bridge improvements |
| Popular Places | Marine Drive, Fort Kochi, Kakkanad |
| Potential ROI | Moderate |
Why invest in Kochi?
- Tourism and Real Estate
- Growing Market
- Affordable Properties
Hyderabad
Source: Google Images
Hyderabad is the best place to invest in its real estate for all the NRIs and foreigners who want to make investments in India. We are also listing some of the investment factors due to which Hyderabad is on this list.
Read the financial details of Hyderabad and the ongoing infrastructure development:
| Aspect | Info |
| Key Economy Driver | IT, Business Development |
| Property Price | 8.5k to 18k per square foot |
| Imp Infrastructure Projects | Metro expansion, infrastructure projects |
| Popular Places | Hitech City, Banjara Hills, Madhapur |
| Potential ROI | High |
Why Invest in Hyderabad?
- IT and Business Growth
- High Returns
- Affordable Pricing
Pune
Source: Google Images
Pune is also one of the most important cities in India and is considered the best investment point of view in the real estate world. There are many reasons why this has been included in the list, and some of them are listed here.
Read the financial details of Pune and the ongoing infrastructure development:
| Aspect | Info |
| Key Economy Driver | IT, Education, Manufacturing |
| Property Price | 7k to 14k per sq. ft |
| Imp Infrastructure Projects | Metro projects, road expansions |
| Popular Places | Baner, Wakad, Koregaon Park |
| Potential ROI | High |
Why Invest in Pune?
- Educational and IT Hub
- Growing Market
- High ROI
Kolkata
Source: Google Images
Kolkata is the best place for making investments in its real estate world due to various favourable development projects and growth-driven policies, which help the economy of Kolakata reach this level of satisfaction for the NRIs and other foreigners living outside India.
Read the financial details of Kolkata and the ongoing infrastructure development:
| Aspect | Info |
| Key Economy Driver | Culture, Education |
| Property Price | 5k to 10k per sq. ft |
| Imp Infrastructure Projects | Metro expansions, road development |
| Popular Places | Rajarhat, Ballygunge, New Town |
| Potential ROI | Moderate |
Why Invest in Kolkata?
- Cultural Heritage
- Growing Economy
- Affordable Properties
Ahmedabad
Source: Google Images
In India, there are various cities and places that are rich in factors such as dairy products and the business atmosphere. This has been listed in this list where investors like the NRIs can invest in the real estate world.
Read the financial details of Ahmedabad and the ongoing infrastructure development:
| Aspect | Info |
| Key Economy Driver | Business, Industrial Growth |
| Property Price | 5.5k to 11k per square foot |
| Imp Infrastructure Projects | Infrastructure projects, road improvements |
| Popular Places | Satellite, SG Highway, Prahlad Nagar |
| Potential ROI | Moderate |
Why Invest in Ahmedabad?
- Industrial and Commercial Growth
- Affordable Prices
- Infrastructure Developments
Bangalore
Source: Google Images
Bangalore is also known as the tech capital of India, where the software and hardware world exists. This city is very expensive to live in due to the high cost of living space and the unavailability of vacant space. We have listed this place for NRIs or other investors for their investment.
Read the financial details of Bangalore and the ongoing infrastructure development:
| Aspect | Info |
| Key Economy Driver | IT, Innovation, Startups |
| Property Price | 9k to 20k per sq. ft |
| Imp Infrastructure Projects | Metro expansion, Road and flyover projects |
| Popular Places | Indiranagar, Whitefield, Sarjapur Road |
| Potential ROI | High |
Why Invest in Bangalore?
- Tech Industry Hub
- High Returns
- Ongoing Developments
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Navi Mumbai
Navi Mumbai is a newly created architectural place in India that has gained so much attraction to investors from all over India that we have listed it in this list for foreigners and NRIs to look at its fundamentals, which has a rich real estate world.
Read the financial details of Navi Mumbai and the ongoing infrastructure development:
| Aspect | Info |
| Key Economy Driver | Business, Residential Development |
| Property Price | 6.5k to 13k per square foot |
| Imp Infrastructure Projects | Metro development, road improvements |
| Popular Places | Kharghar, Nerul, Airoli |
| Potential ROI | Moderate |
Why Invest in Navi Mumbai?
- Modern Infrastructure
- Growing Market
- Affordable Investments
Conclusion
The best city one needs to choose for real estate investment in India comes with multiple factors: economic stability, infrastructure development, property prices, and returns. Below is an overview of the reasons why each city in our list offers NRIs immense potential in 2024.
NRIs can identify the best investment opportunities in the Indian real estate market by familiarising themselves with these city-specific attributes. All these factors that make these places best from an investment point of view are also among those that attract investors from all across the world.
India is in the rising phase, and so is its economy, all the international communities are admitting it, so this can be the perfect country in the world to think of for investment.
