Trend

Rising Interest in Overseas Real Estate

Indian investors are increasingly turning their attention to overseas real estate markets, particularly in European countries and Dubai. This surge in interest is fueled by various factors, including immigration programmes like the Golden Visa and the allure of attractive rental yields exceeding 7 percent.

Impact of Immigration Programmes

Immigration programmes such as the Golden Visa offer Indian investors the opportunity to obtain residency or citizenship in foreign countries by making substantial investments in real estate. This incentivizes investment in overseas properties and provides investors with additional benefits such as visa-free travel and access to superior healthcare and education systems.

Analyzing the Data

Notable Increase in Remittances

According to RBI data, Indians remitted Rs 240.2 crore in December 2023 for purchasing immovable properties abroad, reflecting a significant increase from Rs 206.8 crore in the corresponding period the previous year. The fiscal year 2022-23 witnessed remittances totaling Rs 2,714 crore, indicating a substantial surge from Rs 1,961 crore recorded a year earlier.

Immovable Property Categories

In the context of real estate markets, immovable property encompasses a wide range of assets, including residential properties, warehouses, manufacturing units, and factories. Indian investors are diversifying their portfolios by investing in different types of immovable properties abroad, seeking both capital appreciation and rental income.

Destination Preferences

European Countries

Greece, Cyprus, Malta, and Spain are among the European nations witnessing heightened demand for real estate investment, particularly for immigration purposes. These countries offer attractive investment opportunities, favorable tax regimes, and quality lifestyle amenities, making them popular choices among Indian investors seeking residency or citizenship by investment.

Middle East

Meanwhile, the Middle East, particularly the UAE and Qatar, continues to attract Indian investors with promising returns on real estate investments. The region’s thriving economy, robust infrastructure, and business-friendly environment make it an appealing destination for property investment, especially in cities like Dubai and Doha.

 Opportunities and Considerations

The surge in Indian investments in overseas real estate presents lucrative opportunities for investors seeking diversification and long-term growth. However, it’s essential for investors to conduct thorough research, consider their investment goals and risk tolerance, and seek professional advice to make informed decisions in this dynamic and evolving market landscape.