What Kind of NRI Are You?

 

There are many reasons why an NRI would want to invest in India. Here are some of the reasons that Square Yards, real estate consultants figures matters the most.

In Shashi Tharoor’’s words ‘NRIs’ are “Never Relinquished Indians“. Emerging India is grateful to these thousands of NRIs worldwide who remit record shattering dollars back home which strengthens our reserves and maintains the balance of payments which as of Sept 14 was in surplus. NRI investors can be broadly classifies into 3 categories:

The Emotional NRI:

For most NRIs investing in the motherland is an emotional cause. There is always that lingering thought in the back of their minds, “What if I want to come back? What if I have to”? Also, most of them have extended family and friends in the country. It makes sense thus, to invest in the homeland. Typically, the first investment for any NRI is in the place of their birth, somewhere they studied, native place, places where their in-laws reside and so forth.

The Savvy NRI:

Now, once that initial investment is done, the thinking process becomes more linear. The current breed of NRIs are well travelled, highly educated and well heeled. Real Estate is an important part of their burgeoning investment portfolio. They are looking at cities that is as modern as their country of residence and yet Indian. They know that the country’s infrastructure is developing, the domestic market is pretty strong and will remain so for the times to come. With some cities offering great rental returns and capital appreciation, the smart NRI is today pumping in money to avoid missing the bus.

The Homecoming NRI:

A mix of traditional values and modernism is a great blend for an NRI who wants his children to be exposed to the New emerging India without losing their cultural values. In this respect, Bangalore is one city that has topped the charts for NRIs. It is green, a vibrant IT Hub, has good schools and colleges, the weather is lovely all year round, the infrastructure is decent with an international airport, metro rail and enough employment opportunities to make it a ‘happening’ place, while being peaceful too.

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