NRIs form only 6% of the to­tal realty buys

HT Estates - - HTESTATES - HT Es­tates Cor­re­spon­dent

Has the NRI mar­ket been im­pacted by de­mon­eti­sa­tion? The last cou­ple of years has had only those NRIs who wish to re­turn to In­dia. “The NRI mar­ket is no longer an investment driven mar­ket, the ini­tial frenzy has come down over the years and much of it has to do with the fact that cap­i­tal ap­pre­ci­a­tion has been greatly im­pacted and man­age­ment cost of prop­er­ties be­ing higher for peo­ple liv­ing abroad. It is more of an end-user led mar­ket now and only about 6% of the to­tal real es­tate ac­tiv­ity is gov­erned by this seg­ment,” says Shveta Jain of Cush­man & Wake­field.

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