Why Do NRIs Prefer Investing in Mumbai Real Estate?

NRI Investments in Indian real estate form a significant part of our economy. Generally, non-resident Indians (NRIs) purchase a piece of real estate in India for investment purposes or to earn revenue by setting up the property on rent.

However, the ongoing pandemic has also made NRIs realise the importance of owning a house in their home country. Many of them now even purchase residential properties in India for end-use purposes to secure a home where they can live in the future. In fact – the period of the pandemic has seen a good rise in sales in FY (Fiscal year) 2020-21. The investment volume during this period climbed up by 6.4% with NRIs investing a whopping $13.3 billion in the Indian real estate market!*

Such an increase despite an initial fall in the first quarter of the year can be attributed to several reasons. The government’s efforts to reduce stamp duty, regulation through RERA, attractive payment offers by developers, and the depreciating value of the rupee have all played a big part in the rising NRI investments.

So, the question that arises is where do NRIs like to invest in India? The answer lies in popular urban cities such as Mumbai.

Mumbai – An Attractive Locale for NRI Investments

Besides being the commercial capital of India, Mumbai is a thriving real estate market with residential and commercial properties by reputed developers cropping up in the city. NRIs prefer to invest in the city’s metropolitan regions, which have excellent infrastructure, top-notch medical facilities, and good transport networks.

Popular areas for investment are Western Suburbs such as Andheri and Borivali as well as Central Suburbs like Mulund and Kanujurmarg. Additionally, the region of Thane is also quite appealing for NRI investors today. And these are the neighbourhoods where the most premium Ashwin Sheth Group projects exist! Below are two of our upcoming projects in strategic locations within these suburbs. These properties give the perfect cosmopolitan vibe, provide better returns on investment, and ensure a lavish lifestyle desired by NRIs.

Sheth Avante

The pleasure of living in homes amid gated communities is surely something that everyone looks forward to in the city. But what if one wants more than this – a residential destination with sufficient green landscaping, modern and spacious interiors, top-notch security and truly one-of-a-kind amenities? These are some luxuries that our project in Kanjurmarg West, Sheth Avante offers to NRIs today.

With 3 towers of 24 to 25 floors that offer 1, 2, and 3 BHK apartments – Sheth Avante is an elegantly planned property in the heart of Mumbai. This project is located on the LBS road in Kanjuramrg West. A starting point of JVLR, this part of Kanjurmarg connects you to both the Eastern Express and the Western Express Highway. The easy proximity of this property to commercial parks, reputed colleges, IIT Bombay, and the international airport adds more value to this neighbourhood. Hence, an investment here could be quite profitable for NRIs.

Moreover, the range of unique experiences offered here set apart Sheth Avante from other upcoming residential properties in Mumbai. Here, you can swim in the sparkling waters of an infinity pool to beat the heat or quietly gaze at the night constellations, unravelling their mysteries on the rooftop stargazing pedestal. You can expect access to simply amazing facilities such as jungle gym, jogging track, party deck, cricket pitch, fitness gyms, reflexology path, co-working spaces and more!

Sheth Cnergy

Often, commercial investments tend to be more lucrative than residential properties. This is not lost on most NRIs, who prefer to invest in good commercial properties for potentially better returns. Our upcoming offering in this space is the state-of-the-art commercial project, Sheth Cnergy.

With spacious office spaces that start from 570 sq feet, Sheth Cnergy is equipped to house both startups and large moghul corporations. Located near the Viviana Mall and the Eastern Express Highway, Sheth Cnergy is right where the action is at! Its key location and proximity to important road and rail networks will make connectivity easier throughout the city.

Sheth Cnergy is set to be an iconic building, with its double facade glass and grand lobby. Its impressive build and design will make it a grand landmark in the city and thus give a recognisablly worthy address to tons of businesses in the future!

The project is equipped with beautiful terrace gardens on every third floor, where one can easily take a break from work amid greenery, lots of breeze and great views of the city below. Besides this, the building offers cafes, naturally lit work environments, and optimum security.

At the Ashwin Sheth Group, projects such as Sheth Avante and Sheth Cnergy can offer many investing opportunities for NRIs. Since these real estate projects are built with unique offerings and fine detailing, they will set a unique investment standard in the real estate market.

*Financial Express

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