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NRIs’ property buying props up south Indian markets
May 14, 2021
Largest investment comes from the Gulf, followed by the US, and Singapore
During these uncertain times, non-resident Indians (NRIs) have realised the essence of having a house in their home country to settle in the future this has led to major home-buying in the southern markets in Karnataka, Tamil Nadu, and Kerala.
“These NRI investments are a common aspect of the Indian economy. NRIs usually buy property in the country for both lucrative and sentimental options. Also, with the primary motive to either invest or use it for rental purposes,” said Reeza Sebastian, President – Residential, Embassy Group. ....

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