Non-Resident Indians (NRIs) have increasingly been showing interest in investing in real estate back home in India. Among the various cities that are catching their attention, Mohali stands out as a prime choice. This blog explores the reasons why NRIs are gravitating towards Mohali for their real estate investments.
One of the main reasons for NRIs choosing Mohali is the favourable government policies in place. The Indian government has streamlined processes and provided various incentives to encourage NRI investments in real estate. For instance, NRIs can now purchase both residential and commercial properties without much hassle. The Foreign Exchange Management Act (FEMA) ensures that NRIs have clear guidelines on property transactions, reducing the legal complexities involved. Moreover, policies related to repatriation of the proceeds from property sales are also NRIs-friendly, making it easier to manage their investments from abroad.
The transparency in property transactions in Mohali is another significant factor. The implementation of the Real Estate (Regulation and Development) Act (RERA) has brought about a much-needed change in the real estate sector across India, including Mohali.
RERA ensures that builders and developers adhere to their promises regarding property specifications, delivery timelines, and overall quality. This transparency has built trust among NRIs, who can now invest with confidence knowing that their investments are protected against fraud and misrepresentation.
Appraising the price of a property accurately is crucial for NRIs investing in real estate. Mohali offers a reliable and systematic approach to property valuation. The city has a growing number of professional property valuers who provide accurate and market-aligned appraisals. This is particularly important for NRIs who may not be able to frequently visit India.
Having a reliable appraisal system ensures that NRIs are making informed investment decisions based on realistic property values. Additionally, the property market in Mohali is known for its stability, which further instils confidence among NRI investors regarding the future appreciation of their investments.
Mohali is experiencing a significant rise in demand for residential property. The city’s well-planned infrastructure, availability of modern amenities, and proximity to Chandigarh make it a desirable location for homebuyers.
The demand is not only from local residents but also from people moving in from other states and NRIs. This rising demand ensures that properties in Mohali have a good potential for rental income as well as long-term appreciation. The robust demand also means that properties are likely to see steady growth in value, making Mohali a lucrative market for real estate investment.
One of the primary reasons NRIs invest in real estate is the promising return on investment (ROI).
Mohali has consistently shown a positive trend in property value appreciation, making it an attractive destination for investors. The city’s strategic location, coupled with continuous development and infrastructural projects, contributes to its growing real estate market. Investors can expect a healthy ROI due to the steady appreciation in property values and the burgeoning demand for both residential and commercial spaces. Rental yields in Mohali are also promising, providing NRIs with a steady income stream from their investments.
Mohali offers the perfect blend of a calm and connected lifestyle. Unlike the hustle and bustle of metropolitan cities, Mohali provides a serene environment with ample green spaces, parks, and low pollution levels. At the same time, it is well-connected to major cities and has excellent infrastructure, including road, rail, and air connectivity. This balance makes Mohali an ideal place for NRIs looking to invest in a property that offers a peaceful living environment while still being connected to urban conveniences. The city’s quality of life is a major draw for NRIs who want a home that offers tranquility without sacrificing connectivity and modern amenities.
NRIs are increasingly choosing Mohali for real estate investments due to its favourable government policies, transparent transaction systems, accurate property appraisals, rising demand for residential properties, promising return on investment, and the calm yet connected lifestyle it offers.
The city’s well-planned infrastructure, strategic location, and ongoing development projects make it a prime destination for those looking to invest in a stable and growing real estate market. For NRIs, Mohali represents not just an investment opportunity but a chance to own a piece of India that promises both financial growth and a high quality of life.
SALES GALLERY
Group Housing Site, Airport Road,
Sector 77, Sahibzada Ajit Singh Nagar,
Punjab 160070
SMS “HOMELAND” to 56767
PBRERA-SAS81-PR0757
Property managed by CBRE
