The Indian real estate industry is estimated to reach 1 trillion USD by 2030. Its growth has been mainly driven by residential housing like gated communities. It has now become the preferred option for NRIs interested in investing in Indian Real Estate.
Sector trends indicate that NRIs had invested 13 billion USD in 2023, with investments continuing to rise in 2024. This trend is increasingly focused on premium housing, particularly in gated communities. These areas offer ideal investment opportunities, providing an inclusive lifestyle that meets modern-day needs.
Gated communities are popular among the NRIs due to their availability and proximity, added amenities, security measures, and sense of togetherness. In this blog post, we will explore why gated communities are the top choice for NRIs. Let’s dive in!
Security and Privacy
Most NRI buyers are more concerned about security while buying a home. Gated community developments provide unmatched levels of privacy and security.
Some of the common security features are described below:
- 24/7 CCTV surveillance.
- Dedicated security guards are on duty around the clock.
- Biometric entry.
- Complete Privacy.
With these features, gated communities provide families with the ideal level of privacy by restricting unwanted access. Their advanced security measures and personalised privacy ensure peace of mind for non-resident Indians (NRIs), especially when managing their property from afar.
Luxurious Amenities and Lifestyle
Gated communities are preferred by a higher percentage of urban Indians because of their integrated amenities and lifestyle benefits. With top-notch amenities, gated communities are redefining the demand for contemporary living.
These amenities are:
- Recreational Amenities: It includes jogging tracks for health enthusiasts, yoga centres, gyms, and swimming pools.
- Community Spaces: Social connection is promoted by clubhouses, co-working spaces, and event halls.
- Eco-Friendly Spaces: Solar-powered lighting, strolling pathways, and landscaped gardens highlight sustainability.
Gated communities provide an ecosystem where residents may take advantage of first-rate amenities without leaving their homes. Thus, gated communities are ideal for NRIs seeking to balance luxury and functionality, offering elements that create a premium lifestyle.
Investment Potential
Purchasing a residence in a gated community is both a wise financial investment and a lifestyle choice. Investing in gated communities also offers high returns.
Reasons for the High Returns in Gated Communities:
- Consistent Value Appreciation: Over time, property values rise due to desirable locations and first-rate amenities.
- Rental Potential: Professionals and expatriates find these properties intriguing since they fetch higher rents.
- Demand-Driven Growth: Due to increased urbanisation, gated communities are in high demand and are, therefore, a safe investment.
Thus, NRIs can benefit from immediate rental income and long-term appreciation in gated communities.
Read Also: How Digital Platforms are Changing NRI Real Estate Investment in India
Community and Networking Opportunities
Living in a gated community is about more than just owning a house; it’s about being part of a vibrant community. NRIs often prefer areas that foster professional and cultural networking. But why is this so important? Let’s explore the benefits of community and networking opportunities.
The Significance of Community Living
- Opportunities for Networking: Gated communities draw like-minded people, opening doors for career advancement.
- Organised Events: Gated communities provide a variety of interaction possibilities, ranging from corporate meetups to children’s camps.
Gated communities offer NRIs a chance to make meaningful contacts and rediscover Indian customs and traditions.
Location Advantages
A gated community’s primary selling factor is its location advantage. In recent years, the demand for properties near essential infrastructure has significantly increased. Why is this happening?
- NRIs and their families can easily travel thanks to the proximity to international airports.
- IT corridors and business hubs draw professionals and increase demand for rentals.
- Prominent hospitals and schools are frequently located within a 5-kilometer radius.
- Being close to shopping centres, theatres, and historical landmarks enhances one’s quality of life.
For instance, the recently launched luxury Rustomjee Stella Bandra East is a favourite location because it is well connected to key business destinations. These locations provide the NRIs with luxury living standards and well-connected facilities, which they desire in all aspects. So, properties that mix economic and cultural accessibility with ease are highly advantageous to NRIs.
Maintenance and Management
Maintenance can be a major concern for NRIs who wish to manage properties from outside the community. Professional property management services are one way gated communities address this issue.
This maintenance and management includes:
- Regularly maintaining gardens, public spaces, and structural components is known as landscaping and repairs.
- Utility management is the effective management of waste, power, and water.
- Provide conflict resolution, rent collection, and tenant screening.
For instance, NRIs who own homes in gated communities in Mumbai say that the availability of maintenance staff around the clock helps them feel less stressed.
Legal and Financial Considerations
The most challenging task for NRIs investing in Indian real estate is overcoming legal and financial hurdles. A survey shows that about 24% of NRIs face challenges in managing their assets in India due to legal and financial factors. This highlights that the legal and financial aspects are of great importance. Therefore, to avoid any type of legal hindrances, you should consider the following points:
Reliable Developers
Select developers with good reputations in the market, people who are open with their operations and produce quality work. Thus, you get clear titles and legal tenure to land, reducing the chances of litigation on who owns what.
Legal Documentation Support
The developer makes himself available to help acquire legal forms such as title documents, property registration, and sale deeds. This support helps prevent issues in changing the ownership of the business and ensures that all the rules are followed.
Clear Payment Plans
Choose developers who present fixes and clear payment schedules. It facilitates the achievement of your financial obligations without being charged any extra fee that was not planned on.
Post-Purchase Support
Ensure that the developers you are considering provide consistent after-sale services, such as property management. It is also a plus because you are assured your property has been well-maintained before and even after the sale closes.
Tax Benefits for NRIs
- Tax deduction under Section 80C for home loans.
- Favorable taxation on long-term capital gains.
However, by investing in a reputable brand like Rustomjee, NRIs can be completely confident that they are purchasing the best residence in a gated community.
Read Also: The Future of Smart Luxury Homes in India: What NRIs Should Look For
Wrapping It Up
Gated communities provide NRIs with a well-balanced combination of luxury, security, and financial investment. Exclusive residential areas cater to the unique needs of NRIs by offering world-class amenities.
With trusted developers like Rustomjee, investing in gated communities becomes even more rewarding. Ready to take the next step? Explore Rustomjee’s gated communities now.
FAQs
- What attracts NRIs to invest in gated communities?
Gated communities are attractive investment options for NRIs because of their strong rental returns, substantial property value, and modern facilities.
- Do families benefit from residing in compound-guarded communities?
Compound-guarded communities offer well-designed leisure spaces, security, and, most importantly, convenient proximity to essential facilities like hospitals and schools.
- What tax system incentives are granted to the NRI investing in the gated community?
Based on Section 80C of the Income Tax Act, NRIs can benefit from a lower tax rate on long-term capital gains.
- In which cities of India are gated communities most common?
Gated communities are most common in cities like Bengaluru, Mumbai, Pune, Hyderabad, and Gurugram, which are known for their connectivity and key urban nodes.
