Top reasons why NRIs should invest in Chennai?
The real estate industry is massive in Chennai as it is one of the hubs where industries and businesses are growing day by day. Owning a home in India is a dream for those who have gone overseas for education, work, or business as one day soon, they may have plans to come back & settle in India, after all, it is home, sweet home. For an NRI, an ideal way to invest is buying a residential property, which will be beneficial to settle in your motherland or to start up a commercial enterprise in the future.
As an NRI, you need to analyze the future advantages before investing in a property. With so many facilities, Chennai ranks on top. Let’s identify the advantages an NRI will enjoy if they chose to invest in a property in Chennai.
- Huge ROI Prospects
Chennai presents great future advantages for the NRIs. Once you make investments in Chennai’s real estate you can continually anticipate capital appreciation. Capital appreciation for homes in Chennai, has been at a remarkable value in the past. So, investing in Chennai real estate opens doors for huge capital gains.
- High resale value
The booming & growing real estate in Chennai offers a relatively high resale value. The increasing population with limited land will push the demand over supply. As an NRI, it offers you the option, to either settle down, or you can sell off the property for high returns.
- Large appreciation value
In the last few years, Chennai has not witnessed any depreciation in the real estate sector. Real Estate experts predict that the appreciation value of Chennai is going to amplify in the forthcoming years with no risk for depreciation. So being an NRI, today’s wise investment will be your tomorrow’s dependable asset.
- Availability of choice
Unlike other metro cities in India, Chennai is recognized for its real estate establishments. Chennai has multiple options from compact 2BHK residences to 4BHK presidential apartments, bespoke bungalows, duplex homes, commercial shops, office space, and more. Eg., SPR City, Chennai’s Largest Integrated Township coming up in Perambur near Kilpauk, has it all. This expands the options for the NRIs to invest.
- High Rental Value
Chennai attracts a lot of new talent with the burgeoning growth in industries & businesses including IT/ITeS. This influx of people implies there is a need for residential property on rental. Hence, a solid rental income can be expected when you invest in a residential property in Chennai.
Apart from all this, the cultural heritage of Chennai coupled with technological advances makes it a city of choice in India. Chennai is rated among the top metros in India and is poised for rapid growth & infrastructure development.