India’s real estate landscape is undergoing a significant transformation, largely fueled by the growing involvement of Non-Resident Indians (NRIs). Over the past decade, NRI investment in the sector has seen a substantial rise — increasing from around 7–10% during 2015–2018 to an impressive 18–20% in 2025. This shift highlights the strong and increasing confidence of global Indian investors in the stability and profitability of the Indian property market.
According to research by Wisdom Hatch, this trend is especially prominent in the luxury residential segment, where NRIs view real estate as a long-term asset that offers both emotional and financial value. Motivating factors include attractive exchange rates, increasing transparency due to reforms, and a deep-rooted desire to remain connected with their homeland.
Supporting these insights, the GRI Club predicts a record-breaking year for India’s residential real estate market, with expected transactions crossing ₹5.1 trillion across the top seven metropolitan cities in 2024. NRIs are projected to contribute significantly to this growth, accounting for up to 25% of investments in high-end and premium residential developments.
Certain localities are emerging as clear favorites for these overseas buyers. In Gurugram, areas such as Dwarka Expressway and Southern Peripheral Road (SPR) have become key investment hubs. Over the past five years:
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Dwarka Expressway has witnessed a 79% increase in property values, thanks to improved infrastructure and better connectivity.
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SPR has seen an even more dramatic 125% surge in property prices, establishing itself as a vibrant and fast-growing commercial and residential zone.
Commenting on this trend, Mr. Devender Aggarwal, Co-Founder and Joint Managing Director of Signature Global, noted the fundamental change in NRI involvement. He emphasized that the nearly 20% investment share is not just a number but a signal of global trust in India’s economic resilience and regulatory evolution.
He credited multiple factors for this surge: enhanced infrastructure, increased global connectivity, a stable and transparent regulatory environment under RERA, and the powerful emotional and financial appeal of Indian real estate. According to him, NRIs are particularly drawn to well-located, premium developments that promise both appreciation and rental income.
Aggarwal concluded by stating that this wave of NRI interest is not just driving demand but also pushing the industry toward higher standards in terms of quality, transparency, and timely delivery. As India continues to position itself as a global economic leader, its real estate sector is increasingly seen as a smart and secure long-term investment option for Indians living abroad.
