NRIs Fuelling Luxury Housing in Greater Noida

The property market in Greater Noida is gradually evolving as one of the major destination to luxury housing. The Luxury has become a very common need and the new necessity for the average of man on the planet these days.

But with the increase in the number of NRIs, the rapid pace of urbanization, the rise in the purchasing power and influx of global lifestyle trends the demand for luxury housing has accelerated. The builders are searching for newer options to create luxury apartments in order to meet the requirement of home buyers and beat the competition. Due to this, the Luxury homes are now easy to find.  According to Gaursons Builders Review, it is also believed that NRIs jump into the residential and commercial property with a lot of money because their main purpose of earning greater returns on investment.

It was also seen that the NCR has a huge potential to become one of the best luxury destinations in India for all types of owing to ongoing and planned infrastructure projects. The property in the national capital region are also much in demand because of several real estate developments projects are coming up with vast transportation connectivity to other cities and growing industrialization.

Due to the future growth opportunity, a number of prominent developers are coming up in the area with their innovative luxurious projects in Greater Noida. Further, due to the improved facilities buyers are also getting a wide variety of options in the projects that offer new-age luxury and amenities.

NRIs’ impact on the realty market:-

• Delhi/NCR is no longer just a cost-conscious in terms of affordable, luxury and mid-segment housing market.

• NRIs from different parts of the world are coming to invest in Indian luxury property market.

• Global branded real estate developers are also joining hands with local and big developers to change the infrastructural look of the areas in NCR.

While the coming of luxury brands to Indian reality markets they are making inroads and fuelling home buyers’ aspirations through their concept of design and luxury facilities.