APN News

  • Monday, April, 2024| Today's Market | Current Time: 09:11:48
  • Quote on behalf of Mr Bhavik Bhandari, CSMO, Ashwin Sheth Group

    Published on January 4, 2024

    “The luxury real estate sector in India is currently undergoing a noteworthy evolution. Projections indicate an estimated Compound Annual Growth Rate surpassing 5 per cent from 2023 to 2028, a growing demand for upscale residential properties. The luxurious living environments, state-of-the-art amenities, and prime locations have captured the interest of investors, both from within the country and internationally. India is not only experiencing a shift in the aspirations of its population but is also emerging as a prominent global destination for high-end real estate investments. 24% of Non-Resident Indian (NRI) investors exhibit a particular inclination towards Mumbai’s real estate sector, positioning it as a “preferred destination” for investments in high-end properties.  Multiple factors drive the increasing trend of Non-Resident Indians (NRIs) investing in high-end real estate in India. These include economic growth and stability, favourable government policies, diversification of investment portfolio, property value and price appreciation, upscale offerings and emotions, culture & retirement aspirations among others. As we encourage NRIs to explore the expansive realm of real estate opportunities, we underline the importance of informed and strategic investments. NRI Day dated 9th January stands as a poignant reminder that geographical distance doesn’t weaken the ties connecting us to our origins; rather, it amplifies the responsibility to actively contribute to the advancement of our nation.”

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