Ahmedabad flats are now attracting the attention of NRI these days. Many Gujarati NRI long to have a home back in their home land and therefore many people are preferring to invest in flats in Ahmedabad. Flat in Ahmedabad offer great return and decent rental income. Although, Ahmedabad is not a major employment hub like Mumbai, Delhi and Bangalore but it still enjoys a good realty value.
Depreciation in Indian Rupee has only fueled the trend as NRI too are keen on investing in Ahmedabad flats. This change in Ahmedabad flats is being welcome by industry players as they feel a new market segment has come up in the real estate industry. But if one is trying for quick profits in properties India one will have to wait as people will have to hold a property for atleast some years till they can earn a decent return of investment. Investment in flat in Ahmedabad does not even require a lot funds such has investing in Tier 1 cities in India. Since flats in Ahmedabad are not suitable for purely investment purpose not many people are interested to invest in this sector. Also currently there is a sufficient supply of Ahmedabad properties in the real estate market.
Developer in real estate Ahmedabad are also keen to target NRI investors. As NRI investors have deep pockets and they can readily invest in luxury properties. Developers are keen to launch luxury projects as they can capitalize on land and earn more profits. Also due to huge profit margins the developers are able to collect a huge sum of money in the initial stages of booking and development of flats in Ahmedabad. Many NRIs seek to invest in Ahmedabad flats and they want to have a second home in their country. Only time will tend if this trend will have a major impact of Ahmedabad real estate.
Depreciation in Indian Rupee has only fueled the trend as NRI too are keen on investing in Ahmedabad flats. This change in Ahmedabad flats is being welcome by industry players as they feel a new market segment has come up in the real estate industry. But if one is trying for quick profits in properties India one will have to wait as people will have to hold a property for atleast some years till they can earn a decent return of investment. Investment in flat in Ahmedabad does not even require a lot funds such has investing in Tier 1 cities in India. Since flats in Ahmedabad are not suitable for purely investment purpose not many people are interested to invest in this sector. Also currently there is a sufficient supply of Ahmedabad properties in the real estate market.
Developer in real estate Ahmedabad are also keen to target NRI investors. As NRI investors have deep pockets and they can readily invest in luxury properties. Developers are keen to launch luxury projects as they can capitalize on land and earn more profits. Also due to huge profit margins the developers are able to collect a huge sum of money in the initial stages of booking and development of flats in Ahmedabad. Many NRIs seek to invest in Ahmedabad flats and they want to have a second home in their country. Only time will tend if this trend will have a major impact of Ahmedabad real estate.
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