Best Cities For NRIs To Invest In Real Estate
                     Best Cities For NRIs To 
Invest In Real Estate
“
We have compiled a list of the best cities for real estate 
investment. Some of these are large metros, known to be 
the hubs of many industries. Others are smaller, upcoming 
cities which show a lot of promise in their growth rates in 
population and per capita income amongst other factors. 
Read on to identify which city may be the best for you to 
invest in real estate.
Mumbai
▫ As a growing city with modern urban development, Mumbai is a good real estate investment 
choice for a non-resident Indian who cares about lifestyle.
▫ Considered the financial capital of India, this city is hard to beat when you compare the level 
of infrastructure with other cities. Target a premium property in an upscale neighborhood for 
the best return on your investment. There are several luxury hotspots in Mumbai that place 
you near high-end retail stores and restaurants.
▫ As India's financial hub, Mumbai also attracts many investors and corporate firms, providing 
plenty of work opportunities. If you want an internationally competitive work culture, this is 
the city.
▫ Mumbai has great education facilities, including international schools. Political stability and 
easy resale options are added incentives to make Mumbai your investment realty location.
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Bangalore
▫ Thanks to its combination of rapidly growing population, well-paying jobs, and low real estate 
prices, the hub of India's IT industry has become the hub of its property investment as well. 
JLL recently published its annual ranking of the world's most dynamic cities, in their City 
Momentum Index, affirming that Bangalore is the fastest-changing city on the planet.
▫ By some estimates, 40 percent of India's IT industry is based in this one metropolis. These 
changes have made it the most attractive place in India for real estate investment. A recent 
survey pegged Bangalore as the top real estate opportunity across Asia-Pacific.
▫ All of this makes Bangalore the most desirable place for real estate investment in India.
4
Chennai
▫ Head over to the capital of Tamil Nadu for yet more real estate investment opportunities. 
Chennai is also in the leading pack, with a high growth rate in population (30%) and 
reasonably high average white collared salaries. This industrial city also has many companies 
that do IT and financial services.
▫ The government has made road connectivity a priority here in recent years. This has helped 
the city and the surrounding area develop faster and attract new business opportunities.
▫ A coming monorail and elevated railway line are sure to further help with this connectivity.
5
Visakhapatnam
▫ As far as population and area, Visakhapatnam (Vizag) is one of the biggest harbors in India. 
Because of this, it is considered the commercial hub of Andhra Pradesh.
▫ A quickly growing IT industry coupled with good infrastructure makes this city a desirable 
place for real estate investments.
▫ With the first phase of the Vizag Metro Rail slated to be completed in December 2018, 
transportation options will also soon open up in this city.
6
Kochi
▫ Kochi, the commercial hub of Kerala, has seen new real estate prospects thanks to recent 
changes.
▫ An upgrade of the sea port and privatization of the local international airport brought in new 
business prospects.
▫ Many NRIs are already investing in Kochi. In fact, only some 30% of investors in real estate in 
Kochi are locals.
▫ Part of what makes this city so appealing is its recent developments in infrastructure. New 
planned developments include the Vallarpadam International Container Trans-shipment 
Terminal, which will expand investment opportunities for this port city.
▫ An "oceanarium," or marine research facility that also doubles as a tourist attraction, is 
another proposed project that's sure to attract even more opportunities to the area.
7
Bhubaneswar and Cuttack
▫ These twin cities in east India are growing education and IT hubs. This boosts real estate 
development in the area.
▫ The real estate market is well-regulated here since most of the available land is still owned by 
the government.
▫ Plans for new commercial projects, a wider highway, and the new Kalinga Nagar Industrial 
Complex add to the reasons to target Bhubaneswar and Cuttack for real estate investment.
8
Coimbatore
▫ The second largest city in Tamil Nadu boasts a stable industry that revolves around textiles 
and spinning.
▫ Engineering, IT, and manufacturing have added to the industry in Coimbatore in recent years, 
providing economic growth and increased work opportunities.
▫ A planned airport expansion will increase the ease with which travelers and business 
opportunities can flow into the city. And a proposed bus rapid transit system provides added 
options for transport on the ground.
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