Over 50% NRI commercial real estate investors are millennials, says Neo Reality Survey
CRE growth drivers for NRI investors include passive Income for family, portfolio diversification, lack of other safe alternatives, and tax-efficient returns among others, the survey said in its report.
Around 53 per cent of NRI investors are millennials that prefer Commercial Real Estate (CRE) to emerge ETFs, Mutual Funds, and pre-IPO stocks revealed the second edition of the Neo-realty Survey by MYRE Capital which assessed the investment appetite of around 5000 NRIs across 13 countries.
CRE growth drivers for NRI investors include passive Income for family, portfolio diversification, lack of other safe alternatives, and tax-efficient returns among others, the survey said in its report.
Properties in Bengaluru, Mumbai, Pune are the top three investment hubs for NRIs wherein office spaces remain the most sought-after asset and school spaces emerge as a new CRE asset.
According to the survey, a whopping 53% of the NRI investors choose CRE as their favourite investment vehicle over ETFs (21%), Mutual Funds (19%), etc. with the average ticket size for an NRI being higher, at INR 38 lakh as compared to a resident CRE investor.
Interestingly, 82% of the NRI investors did not have any previous investments in India, owing to the accessibility issues, lack of transparency and trust.
The convincing factors to begin their first Indian investment in CRE have been the transparency, competitive returns, tech-enabled experience (including virtual tours for investors who can’t visit the property, digital on-boarding, and performance tracking, real time updates, etc.), and end-to-end asset management.
This makes it as easy as investing in a mutual fund for NRI investors with all the overhead management being taken care of by a dedicated professional team at MYRE Capital.
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03:44 PM IST