On account of increased transparency and clarity on the post implementation of RERA (Real Estate Regulation Act) and GST (Goods and Services Tax), the NRIs have started to show their interest in investing in Indian real estate sector. The Industry insiders are of the opinion that rise in housing sales have also helped Indian real estate to win the faith of the NRIs.

After RERA has come into existence, Indian real estate have become more transparent and affordable. Meanwhile, it is also getting developer focus on the expanding the market. A stronger dollar has renewed NRI interest in India's property markets.

Project delays in the past resulted in investors making distance away from under-construction projects. From being the hot favourite of the Non-resident Indians (NRI) buyer segment, under-construction properties went on to take the back seat. This trend, however, is beginning to change - thanks to the real estate law.

While NRI investments stabilized during 2016-18, the market gained momentum recently, powered by a depreciating rupee, high yielding rental returns and capital appreciation.  In the current financial year, NRI investments are expected to rise by around 15%.

Realty sector is witnessing good traction from NRI’s who are likely to invest in quality development and believe in homes as a space to grow.

Real estate has got a fresh lease of life after major structural changes such as the RERA, GST and demonetization. Investors have expressed renewed interest as they are more confident about regulatory practices in the country.

NRIs are also getting interested in under construction properties. Meanwhile, GST on under-construction flats has also been reduced from 12 per cent to 5 per cent, for affordable housing, it has been reduced to 1 per cent from 8 per cent, while ready flats attract nil GST.

As per the survey reported, Bangalore was the most preferred city for the investment.