Many factors have led to the uptick in demand one of them is having the comfort of owning a property back home, which is available for future use or upgrading to a better lifestyle and staying with their families who still reside in India," said Gaurav Sawhney, President, Marketing and Sales, Piramal Realty.
"Despite the global economic scenario and the ongoing challenges, we have seen tremendous demand from NRIs. With changing times and embracing the digital way of booking homes, NRI's have adapted to the new normal and are increasingly accepting the new tools and technologies to book their homes. Piramal Mahalaxmi, the residential development by Piramal Realty witnessed over 40 per cent of its total sales from NRI's with maximum interest in 2bhk and 3bhk apartments offering lifetime views of the 225 acre Mahalaxmi Racecourse and the Arabian Sea. This has led to an increase in bookings from NRI's which has led to an overall growth of over 200 percent in sales. Rupee depreciation, lowest interest rates on home loans, reduction in Stamp Duty charges and innovative schemes like flexible payment plans and rental pay back have been some of the key driving factors. Mumbai (Maharashtra) India], November 5 (ANI/NewsVoir): Piramal Realty, the real estate arm of Piramal Group, saw a surge in demand from NRI customers in the second quarter of 2020.
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