Gurgaon – The NRI Investment Hub

9th Sept, 2015 Posted by Sohan

Gurgaon is the center for residential, BPO, IT and realty projects. Recently however, the Millennium city is also prospering as the NRI hub. With real estate prices rising, NRIs have started investing in properties in and around Gurgaon. Though Bangalore is the place where NRIs purchase homes after retirement, yet Delhi has remained the heart for property investments purposes. This has been ascertained from the fact that NRIs from USA, Canada and the Middle East have been showing an avid enthusiasm in the forthcoming properties of Gurgaon.
The following reasons make Gurgaon the hub of NRI Investment:

1. Propinquity to the Capital – International investors prefer investing in or about a country’s capital. The value of property in and around the capital is easy to track. Gurgaon’s capital value appreciation, development of real estate and stories of humble investors becoming millionaires have spread like wild-fire encouraging NRIs to invest in Gurgaon.

2. Residential Possibilities – NRIs who eventually plan settling in India post-retirement prefer buying property or investing in Gurgaon. This will lead to future implementation of realizing this dream by investing beforehand.

3. Luxury Projects – Luxury properties have been rising in Gurgaon with 3BHK and 4BHK apartments and duplexes with superior amenities. Financially secure NRIs tend to invest in such premium properties. Under-construction properties with multiple uber-luxury condos are already purchased by NRIs via offices abroad. Commercial and residential projects in the city allow NRIs to choose from an array of options as they are the target for such properties.

4. Nostalgia of the Native – NRIs investing in Gurgaon usually have familial connection here. They are either connected via relatives, childhood homes and education or simple nostalgia. Numerous Punjabis hailing from the city/state ideally plan to buy a home in Gurgaon.

5. Proper Rental and Management – Property Management Firms around the area ensure that the NRIs get a decent return on their investment. These management firms track prospective tenants answering and fulfilling all their queries, keep the property damage-free and in shipshape form keeping the property rented without vacancy over long periods. This allows the home-owner to own and earn.

6. Infrastructural Amenities – Gurgaon has continued to develop with the help of the Government. It is well-connected to highways and flyovers the further link it to Delhi or the Metro rail. This kind of assurance is healthy as home-owners will be ensured of stable prices of property, if not appreciation. This will also allow them to be connected to the city and offer regular and efficient transportation.