According to RBI rules and regulations, NRIs are allowed to purchase two types of property and land investment in India: Commercial and Residential. After you have decided to invest in real estate in India, you might be in a dilemma over which of the two choices will prove more profitable. Before examining the pros and cons of each, it is vital to understand which property is categorised as commercial and residential real estate.
Commercial Real Estate:
All kinds of buildings intended entirely for business purposes, like offices, factories, industrial units, retail complexes, hotels, malls, medical centres, retail stores, warehouses and garages etc. would be listed as commercial under the types of real estate investment.
Residential Real Estate:
Apartment buildings, housing complexes, individual houses, condominiums, co-operative units, etc. come under residential property investments. These are usually purchased by people to satisfy the needs of their families or to become landowners or house flippers.
There are plenty of property options under residential property in India. Let’s have a look at few of them.
Gated communities offer the double benefit of community living and urban lifestyle. These developments are packed with world-class facilities like clubhouses, sports arenas, state-of-the-art gymnasiums and swimming pools, to name a few. They also offer top-notch amenities like round-the-clock security and CCTV surveillance. You can choose from a variety of penthouses, apartments and row houses, according to the preferences of your family.
Villas come with an old-world beauty of a backyard, a front garden and a proper description of the boundaries of a home. The benefit of investing in villas is that you are the sole owner of the plot of land as well and have the freedom of renovating your property as and when desired, without the hassle of notifying your neighbours. They provide you with just the right amount of privacy, making it the perfect investment for families.
Urban families, as well as thoughtfully-designed apartments/flats located in the top areas of the city, have always gone hand-in-hand. Apartments give investors the option of choosing the right fit for their families correctly. From the number of bedrooms required to the ideal floor, there is a choice to choose from to invest in a flat or apartment tailor-made to your wants and needs.