






{"id":29602,"date":"2022-06-27T18:12:45","date_gmt":"2022-06-27T11:12:45","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=29602"},"modified":"2022-06-29T18:59:40","modified_gmt":"2022-06-29T11:59:40","slug":"india-becomes-top-destination-for-foreign-investments-nris-focus-on-real-estate","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/india-becomes-top-destination-for-foreign-investments-nris-focus-on-real-estate\/","title":{"rendered":"India becomes top destination for foreign investments, NRIs focus on real estate"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">SEBI and RBI have also been formulating policies and guidelines to encourage Foreign Direct Investment<\/span><\/p>\n<figure id=\"attachment_29603\" aria-describedby=\"caption-attachment-29603\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-29603\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/06\/shutterstock_2043292271.jpg\" alt=\"\" width=\"1000\" height=\"671\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/06\/shutterstock_2043292271.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/06\/shutterstock_2043292271-400x268.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/06\/shutterstock_2043292271-600x403.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/06\/shutterstock_2043292271-768x515.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-29603\" class=\"wp-caption-text\">Bengaluru, Chennai, Delhi, Gurgaon, Mumbai, and Pune are among the top metro areas that NRIs prefer. ANUJA SHARMA\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Indian economy has the potential to grow 7.8 percent due to better agriculture production and a recovering rural economy amid global headwinds mainly due to the ongoing Russia-Ukraine war.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Led by Prime Minister Narendra Modi, India is rapidly emerging as a preferred destination for foreign investments, according to <\/span><a href=\"https:\/\/www.business-standard.com\/article\/economy-policy\/india-emerging-as-preferred-destination-for-foreign-investments-govt-122062600035_1.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Business Standard<\/span><\/a><span style=\"font-weight: 400;\">. For the last eight years, gross foreign direct investment (FDI) has continuously increased in volume and set new records.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From USD82 billion in FY2021, FDI inflow has increased to USD83.6 billion in FY2022.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;Various initiatives\/schemes have been launched by the government for promoting growth and attracting investment in India,\u201d stated Som Prakash, Minister of State in the Ministry of Commerce and Industry. He also added that because of these initiatives, India jumped to 63rd place in World Bank&#8217;s Ease of Doing Business (EODB) ranking.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, India\u2019s real estate sector is also seeing a rise in investments. NRIs are driving their investment focus towards India as the Indian government has become more friendly to foreign investors. The Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI) have also been formulating policies and guidelines to encourage Foreign Direct Investment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Compared to the earlier estimate of USD13.1 billion, NRIs have invested USD13.3 billion in Indian real estate in FY2021. The gradual return of NRIs to the real estate market over the past few months has boosted sales of luxury residences, reported <\/span><a href=\"https:\/\/timesofindia.indiatimes.com\/blogs\/voices\/bringing-it-back-to-homeland-nris-see-real-estate-as-their-investment-destination\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Times of India<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bengaluru, Chennai, Delhi, Gurgaon, Mumbai, and Pune are among the top metro areas that NRIs prefer.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/indias-housing-market-attracts-more-hnis-mumbai-market-to-set-a-new-sales-record\/\" target=\"_blank\" rel=\"noopener\"><strong>More: India\u2019s housing market attracts more HNIs, Mumbai market to set a new sales record<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400;\">As a result of growing inflation, supply chain disruptions, and geopolitical tensions, the World Bank has reduced India&#8217;s economic growth prediction for the current fiscal year to 7.5 percent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Indian economy expanded 8.7 percent in the latest fiscal year (2021-22) after contracting 6.6 percent the previous year, as reported by <\/span><a href=\"https:\/\/economictimes.indiatimes.com\/news\/economy\/indicators\/indian-economy-to-grow-by-7-7-8-pc-in-fy23-despite-global-headwinds-experts\/articleshow\/92411777.cms\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Economic Times<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The Property Report editors wrote this article. For more information, email: <a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEBI and RBI have also been formulating policies and guidelines to encourage Foreign Direct Investment<\/p>\n","protected":false},"author":12,"featured_media":29603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[955,3064,638],"class_list":["post-29602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-foreign-investments","tag-nris","tag-real-estate","news_country-india","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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