Why Real Estate Investment in Jaipur is Beneficial for NRIs?


For better opportunities in education, employment, and business, several Indians migrate to foreign countries each year. Known as NRIs (Non-Residential Indians), they are holders of an Indian passport but reside in another country for work that indicates an intention to stay out of India for an indefinite period.



To attract more money in the Indian market, the RBI has slacked the rules for NRI investments. Therefore, in recent years, more NRIs have been investing in various investment avenues in India, among which real estate investment stood as their favourite choice. Analyzing the trend of real estate investments by NRIs, we can say that there is a higher preference for real estate investment in tier-II cities like Jaipur. Many people think that this is due to the emotional connection with the country and the idea of settling back home post-retirement. While this stands true for a certain section of investors, a lot of people invest in the real estate properties in Jaipur and other tier-II cities due to the following reasons.

  1. Attractive prices and immense options- Earlier NRIs were mainly keen on buying properties in metro cities. But now as the tier-II cities like Jaipur are growing fast, their real estate properties guarantee high returns on investment. As Jaipur is far away from the point of saturation, here you can find immense property options to pick from. Plus, whatever be your budget, you are most likely to find a property that matches your requirements. 
  2. Discount for NRIs- The real estate property market in Jaipur holds a perfect competitive scenario. Therefore, to remain ahead of the race, real estate developers price their real estate properties reasonably and also offer lucrative discount offers to the prospective buyers. As NRIs are a major buyer of luxurious properties, many developers are offering them good offers to clear their unsold properties.
  3.  Higher transparency- Due to the implementation of RERA and GST, there is a higher level of transparency in the property market. Now, investors have a better idea about the completion date of an under-construction property. Plus, with GST in place, they have a clear idea about the taxes that they are paying for a property.
 Conclusion- If you are an NRI looking to buy a property from an investment point of view, then it’s best to invest in Jaipur or any other tier-II city. Being in its developing stage, these cities offer high-quality properties at reasonable prices. Plus, to remain ahead of the highly competitive market, real estate developers are offering lucrative discount offers. Moreover, the real estate market in Jaipur shows a higher level of transparency than ever before. 

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