The Developer

Azeagaia Development Private Limited is a prominent Indian real estate firm, promoted by Singapore-based companies through the automatic foreign direct investment route (FDI), having considerable experience and expertise in real estate development market and advisory services across the world. Our area of specialization lies primarily in the development of Residential Townships, Commercial Buildings and Developmental Projects.

Investment in the Indian Real Estate Market – Best Time for NRIs

Investment in the Indian Real Estate Market – Best Time for NRIs

Current Market Scenario

Recent trends have shown a rise in expatriate Indians investing in real estate in India over the past few years. Media reports have stated that investments by NRIs in Indian real estate have been doubled. As compared to earlier, wherein independent residential properties were the preferred choice for investment, the preference seems to be changing now. With Non-Resident Indian’s (NRIs) looking at investments that yield higher returns, the trend shows an increase in the demand for Luxury Group Housing properties.

The regulatory environment has dramatically evolved over the last year. Favorable norms for investors and end-users, with increased transparency & accountability as well as the establishment of escrow accounts under the Real Estate (Regulation and Development) Act (RERA), and an encouraging dollar exchange rate for NRIs make it a highly lucrative time to invest in residential property in India.


Factors to track
A key factor to consider when planning to invest in India is that post the advent of RERA and GST, the market has become more friendly and transparent for the buyer, not just in the commercial space but also for those leaning towards residential properties. Lower rates of residential properties and high demand for commercial spaces is the leading cause for the NRIs’ interest in locations where commercial and residential properties are witnessing a rise in prices.

Exchange Rate Consequences & Attractive Schemes
Over the last year, the Indian Rupee has lost close to 13 percent in value vis-à-vis the USD. This has enabled NRIs to make bigger investments in India, especially in the luxury housing segment of the real estate market in Tier 2 cities like – Lucknow, Agra, Bangalore, and Surat to name a few.

A solid push by the Indian Government through multiple initiatives such as ‘Housing for All by 2022’ and 101 Smart Cities has also given a further push to the NRIs interest in buying a home in India. To give an overall boost to the Real Estate segment, it has been classified as “infrastructure” which would provide tax benefits and subvention schemes to any investor. This adds up to the list of advantages NRI’s get when planning to invest in real estate in India.


Developing Infrastructure

Thanks to the multiple initiatives by the Indian Government, various schemes and special interest rates for NRIs and banks coming forward with attractive plans on home buying, Group Housing is one of the fastest growing segments in real estate today. Large and mid-sized residential builders are pumping in investment to offer quality & pocket-friendly apartments with a host of amenities to cater to the interests of every member of the family.

Azea Botanica is a 100% FDI Funded Project developed in a serene ambiance which gives new fascinating reason to live in Singapore Garden City Lifestyle in Lucknow. This plush housing project is bestowed with various factors improving the lifestyle quotient of the residents living within.

The Project is nearing possession. We have been extra compliant to have all our deliverables approved and authorized in each and every aspect.


Reach out to us and do not miss the opportunity to avail your dream home.