Wealthy Indian diaspora wooed by DLF for luxury apartment sales
DLF Ltd., a top Indian developer, is targeting non-resident Indians (NRIs) living abroad to invest in luxury apartments in India. NRIs purchased 20% of all homes sold by DLF between April-September, with most demand coming from the US, UK, Singapore, and Gulf region. NRI savings in India rose to about $189 billion in 2022. DLF is reserving inventories in all new launches for NRIs and aims to launch luxury projects worth $2.4 billion in the year through March 2024.
Source: indiatimes.com