Non-Resident Indians (NRIs) view real estate investment in India as a profitable endeavour. The country boasts a strong real estate sector with enormous potential for high returns. Aside from emotional attachment to their motherland, this is the primary reason why NRIs seek to acquire property here. The majority of them are wealthy individuals with stable financial situations. This is why luxury real estate in India is so popular with these investors. Continue reading to find out why luxury flats in Pali Hill, Bandra, are the finest real estate option for NRIs wishing to invest in Mumbai’s property market in 2025-2026
Non-Resident Indians (NRIs) are increasingly viewing real estate investment in India as a lucrative opportunity, and the numbers strongly support this trend. NRI investments are predicted to grow, potentially reaching 20% of the industry by 2025. (Source) NRIs are increasingly exploring for chances in smaller cities because of their affordability and great growth potential. (Source)
According to a research by GRI Club, an international real estate organization, the industry is surpassing forecasts and is on track to record extraordinary sales for the third straight year.
The real estate sector is not only beating predictions, but it is also on course to deliver its third consecutive year of record-breaking sales. Total residential sales in the top seven cities are expected to exceed INR 5.1 trillion in 2024, with more than 300,000 units sold, according to the report. (source)
Major metropolitan cities remain the top choices for NRI buyers, with Mumbai attracting 24% of NRI buyers, while Bengaluru was picked by 29% of NRI respondents for its good rental yields and cosmopolitan lifestyle. (source)
The Rising Demand for Luxury Real Estate Investment in India Among NRIs
In recent years, the nation’s luxury real estate market has expanded dramatically. These residences are becoming increasingly popular, particularly among premium purchasers and NRI investors. With consistent rental income and long-term appreciation, premium developments in major cities like Mumbai can yield outstanding profits. Luxury flats in Bandra Pali Hill and other key districts are great investment options for NRIs looking for considerable financial growth. During global economic crises, it can serve as an inflation hedge, allowing investors to secure their money while earning consistent returns
Rustomjee, a leading developer in Mumbai, provides 3 premium buildings in Pali Hill. Bandra is brimming with world-class amenities and features, Rustomjee Crescent, Rustomjee Panorama and Rustomjee Parishram. They smoothly fit the luxury lifestyle requirements and refined tastes of those accustomed to international living standards. Such properties excite the curiosity of NRIs and encourage them to invest in Indian real estate. Their strategic position and robust infrastructure provide an excellent possibility for profit. Whether one buys these residences for emotional reasons or to develop their cash, Bandra real estate is a great investment opportunity for NRIs.
Is Mumbai Luxury Property Worth It for NRIs?
Property Value Appreciation
Mumbai is one of India’s leading real estate markets. Luxury flats in Mumbai are often located in affluent neighbourhoods with excellent infrastructure. Bandra in the city’s suburbs is an excellent example. These homes have the potential to increase in value significantly over the years. As a result, this investment has the potential to be extremely profitable for NRIs.
Substantial Rental Income
Because Mumbai is the country’s financial capital, many people relocate there to find work and start businesses. This boosts the demand for rental homes. Pali Hill contains an excellent mix of residential homes, commercial and IT zones, retail hubs, and recreational areas. It is well connected by major roads, a local railway, and the metro. Buying luxury flats in Pali Hill, Bandra, is a wise idea for NRI investors looking to earn high monthly rental yields.
Portfolio Diversification
NRIs can diversify their investment portfolios by purchasing luxury real estate in Mumbai. Real estate is a safe haven investment that is less volatile than bonds, stocks, and shares. It is a physical asset that investors and tenants may use while its value rises. NRIs can lower their overall financial risk by spreading it over a variety of investment assets. Luxury flats in Pali Hill can be an excellent addition to their portfolio, lowering the risk factor.
Attractive Financing Options
Many Indian banks and commercial organizations now provide lucrative house financing packages to non-resident Indians. Such loans include competitive interest rates, extended repayment deadlines, and easier verification requirements, among other benefits. These laws may make it easier for NRIs to purchase a luxury home in Pali Hill or other sought-after parts of Mumbai.
Tax Benefits
NRIs, like native Indians, can claim tax breaks on house loans under certain provisions of the Income Tax Act. Furthermore, Double Taxation Avoidance Agreements (DTAA) between India and their country of residency may protect NRIs from paying double taxes on the same income.
Favourable Government Policies
The government of India has implemented legislation and policies to improve transparency in the country’s real estate business. This increases the confidence of NRI property investors. These beneficial actions help to defend their interests.
Status Symbol
Owning luxury real estate represents distinction and high social position. As inhabitants of industrialized countries, NRIs are accustomed to a sophisticated and opulent lifestyle. As a result, high-end residences in key locations such as Pali Hill, Mumbai, are an excellent alternative for NRI investors.
Choosing the Top Luxury Properties for NRI Real Estate Investment
Before investing in luxury properties in Mumbai, NRIs should conduct extensive research on the market circumstances, historical patterns, property values, and other factors in the area. These variables can assist them in determining whether the property is worth investing in and whether it will generate long-term returns. It is also necessary to conduct research on current and forthcoming infrastructure developments, as these have a substantial impact on a property’s rental values and possible appreciation. NRI investors should consult with reputable developers like Rustomjee for expert advice.
Why Should NRI Investors Choose Luxury Flats in Pali Hill?
Pali Hill in Bandra. Mumbai provides great road and rail connectivity. It is conveniently placed near the Mumbai Airport, which is a significant factor for NRIs. This area is home to prestigious schools, colleges, hospitals, shopping malls, commercial hubs, and other amenities. It also offers plenty of lush green nature nooks. Bandra West and Bandra East are both great residential areas, including some of Mumbai’s finest luxury properties. Pali Hill is a safe and classy community ideal for holistic living. If NRI investors want to make a profitable real estate investment, they should look into purchasing luxury flats in Pali Hill, Bandra. There are multiple flats for sale in Bandra West
Rustomjee Residential Projects in Pali Hill
Rustomjee Crescent, Rustomjee Parishram, and Rustomjee Panorama in Pali Hill are two of the best luxury residential projects in Mumbai. They are developed by Rustomjee, a leading developer with an iconic legacy of over 29 years in the real estate industry. While Rustomjee Crescent offers 3- and 4-BHK apartments, Rustomjee Parishram has 4- and 5-BHK flats. Parishram has received OC, and Rustomjee Crescent is a newly launched project for sale.
Rustomjee Flats at Pali Hill, Bandra, offer everything NRI investors look for in a good real estate investment. Furthermore, our expert staff will guide you through the full purchasing procedure with ease. You can contact us to schedule a virtual site tour from your overseas location.
Don’t just watch the market rise—be a part of it
Luxury flats in Pali Hill are the ideal choice of real estate for NRIs due to their numerous benefits. Call 022-66 766 888 / 889 Rustomjee today to learn more about our Pali Hill and other Mumbai projects, as well as NRI services.
FAQ’s
Is it a good idea for NRIs to buy property in India?
Sections 80C and 80TTA of the Indian Income Tax Act allow for certain tax deductions. Another big advantage for NRIs is that they can transfer funds to a Non-Resident Ordinary Account (NRO) and then credit them to a seller’s or builder’s bank account when acquiring a home.
What is the NRI tax on buying property in India?
If an NRI purchases property in India from a resident, he is responsible for paying TDS at 1% if the sale price exceeds Rs. 50 lakh. If the property is purchased from a non-resident, TDS will be deducted at the rate of 20% for LTCG and 30% for STCG.
How can an NRI avoid TDS on a property sale?
To reduce TDS on a property sale, an NRI must submit an application in Form 13 to the income tax department in order to receive a certificate for Nil/Lower TDS deduction. The same certificate assists NRIs in reducing their TDS burden; hence, most NRIs choose the same certificate.
How many properties can an NRI own in India?
According to FEMA 1999 regulations, an NRI can possess as many residential or commercial properties in India as they like. Payments must be made using authorised banking channels, such as NRE or NRO accounts.
Can NRI gift property to parents in India?
Can NRIs give property to their Indian parents? This is a typical question. The answer is yes, as long as the legal documents and registration requirements are completed, which include a registered gift deed and any necessary stamp duty.
Can NRI buy property in India without visiting?
Yes, Non-Resident Indians (NRIs) can purchase property in India without actually visiting. They can accomplish this by selecting a trustworthy agent to manage property transactions on their behalf using a Power of Attorney (POA). This POA must be notarised and registered in accordance with Indian legislation.
What is the difference between OCI and NRI?
NRIs are Indian citizens who live abroad, whereas OCIs are foreign nationals of Indian descent (or spouses of Indian citizens/OCIs) who carry an Overseas Citizen of India card, according to the Ministry of External Affairs and Tax2win. A foreign national having certain privileges in India is known as an OCI, while an NRI is an Indian citizen.
