The participation of Non-resident Indians (NRIs) in India’s residential real estate market has seen a significant rise, now accounting for nearly a quarter of the total sales among large developers, up from just 7-10% prior to the pandemic.

A non-resident Indian (NRI) is permitted to invest in India so long as he or she complies with the Foreign Exchange Management Act of 1999 (FEMA).

Luxury real estate in India has been moving very smartly in the recent years

Bengaluru has expanded by leaps and bounds, from being known as the garden city of India to today being renowned as the birthplace of the Indian IT revolution. High-net-worth people (HNIs) and non-resident Indians have made Bangalore their preferred location for luxury property investments.