Synopsis: NRI investment in second homes is experiencing significant growth in recent years. Overall NRI investment in India’s real estate sector is projected to grow at an annual rate (CAGR) of approximately 9.2% in 2025.
NRI investment in India’s real estate sector is experiencing significant growth, with a projected annual growth rate (CAGR) of approximately 9.2% in 2025, and year-over-year increases in their share of total property purchases. Some reports indicate a 15-20% increase in demand by NRIs in recent years. This article highlights the top suburban locations gaining NRI attention in 2025 due to major developments in these areas.
1. Andhra Pradesh
- Anandapuram: It is a fast-emerging suburb in Vizag attracting NRIs and long-term investors. With improving roads, active land-pooling, and growing IT interest, it offers a calm, well-connected, and affordable lifestyle. Key developments:
- 400 acres approximately in Anandapuram are being connected for development by VMRDA.
- ₹175 crore road expansion is underway to improve connectivity around Anandapuram toward Bhogapuram airport.
- Madhurawada: It is turning into a modern suburban hub with easy NH‑16 access and proximity to the upcoming Bhogapuram airport. Premium villas and high-rises make it ideal for NRIs seeking a future-ready, well-connected home. Key developments:
- A ₹ 553 crore World Bank-backed sewerage project has started in Madhurawada, significantly improving its infrastructure sustainability.
- VMRDA has approved six 50-storey residential towers in Madhurawada, giving NRIs access to premium vertical living.
2. Telangana
- Kokapet: It blends quiet upscale living with excellent connectivity to ORR, Financial District, and the airport. Its luxury projects and proximity to IT hubs make it a smart choice for second homes or long-term investment. Key developments:
- A new trumpet flyover has been built to connect Kokapet directly to the ORR, greatly improving traffic and airport access.
- Ultra-luxury living is booming: projects like Eka One and other high-end towers are drawing NRI / IT-professional interest.
- Gachibowli: It is a mature, IT-driven suburb with high-rise living and smooth ORR connectivity. Rapid development and premium amenities make it popular among NRIs and investors alike. Key developments:
- A multi-level flyover connecting Gachibowli to ORR to Kondapur is opening soon, which will ease congestion in one of Hyderabad’s busiest IT junctions.
- The Times Property Expo 2025 was held right in Gachibowli, with 25+ major developers showcasing premium residential & commercial projects.
3. Maharashtra
- Hinjewadi: It remains a steady favorite for NRIs and investors thanks to its IT-driven demand and upcoming infrastructure upgrades. New 1–3 BHK projects and better roads are shaping a clean, future-ready neighborhood. Key developments:
- MIDC has launched a ₹650 crore infrastructure project to build flyovers and roads in Hinjewadi.
- Shriram Properties is building a 7-lakh-sq-ft mixed-use high-rise in Hinjewadi, combining luxury flats with retail/commercial spaces.
- Kharadi: It is a fast-growing IT-led hotspot offering a premium lifestyle and strong investment potential. With excellent airport-highway connectivity and big tech hubs nearby, it’s attracting both investors and homebuyers. Key developments:
- Godrej Properties is developing a 16-acre premium group-housing and retail project in Upper Kharadi, with approximately ₹ 3,100 crore of revenue potential.
- An elevated flyover from Viman Nagar to Kharadi has been approved, promising smoother traffic and better connectivity.
4. Haryana
- Southern Peripheral Road: SPR in Gurugram has become a high-growth corridor with luxury housing, wide roads, and strong business access. Its mix of work-friendly and lifestyle-focused developments makes it highly appealing for investors. Key developments:
- Since 2022, ₹ 50,000 crore worth of projects have been launched along SPR, with another ₹ 50,000 crore in the pipeline.
- Property rates have more than doubled in about five years — from ~₹ 7,690/sq ft in 2020 to ~₹ 17,300/sq ft by mid-2024.
- Golf course Extension: It blends premium high-rises, golf-themed townships, and commercial hubs along wide roads. With easy connectivity and upscale living, it’s a top pick for second homes and investment. Key developments:
- M3M plans to invest ₹ 1,200 crore in a luxury residential project (Golf Estate) on GCER, with 350 homes and ultra-luxury pricing.
- Max Estates acquired 7.25 acres(approx) on Golf Course Extension Road for ₹ 534 crore, aiming for a ₹ 3,000 cr development.
Also read: Top 7 Well-Planned Indian Cities Set to Generate Massive ROI by 2030
5. Delhi
- Sector 150 Noida: It offers a green, low-density residential zone with luxury townships and strong connectivity. Peaceful surroundings and rising property values make it ideal for NRI buyers and investors. Key developments:
- Its location links up strongly with major expressways (Noida-Greater Noida, Yamuna), giving it solid connectivity for both work and travel.
- The upcoming Noida International Airport at Jewar plus metro-infrastructure boosts its long-term appeal.
6. Tamil Nadu
- Old Mahabalipuram Road: OMR combines strong IT employment, modern housing, and social infrastructure. Villas and gated communities offer a calm, suburban feel while keeping city convenience close. Key developments:
- Two new flyovers are coming up at SRP Tools Junction and Perungudi to ease OMR traffic.
- Despite growth, rapid urbanization is creating infrastructure stress: a joint inspection flagged sewage, stormwater drainage, and road issues along the OMR corridor.
- Velachery: It is a mature, well-connected suburb balancing city convenience with quieter residential charm. Easy access to OMR and the airport makes it perfect for second homes. Key developments:
- The government is planning flyovers and road widening in Velachery to ease evening traffic.
- A new integrated township project (residential + retail) is coming up near Velachery MRTS station, appealing to young professionals.
7. Gujarat
- SG Highway: It is quickly evolving into Ahmedabad’s prime residential-commercial corridor. With redevelopment, metro extensions, and new luxury projects, it’s a future-ready hub for NRIs and investors. Key developments:
- The Gujarat government has formed a ₹ 400 crore SPV to redevelop SG Road, adding green spaces, better traffic management, and pedestrian zones.
- A flagship commercial-tech project, Million Minds Tech City, is coming up along SG Highway near Vaishnodevi Circle, redefining the corridor’s business landscape.
- Prahlad Nagar: It blends upscale residential living with proximity to commercial hubs. Continuous redevelopment and greener zoning make it a favorite micro-market for NRIs seeking stability and lifestyle. Key developments:
- Ahmedabad saw over 215 plotted-development projects and 245 commercial launches in 2024–25, with Prahlad Nagar emerging as a key premium micro-market within this growth wave.
- Developers across this belt are being pushed toward sustainable, global-standard construction under state-level updates to the GDCR norms.
Conclusion
These suburbs are fast becoming NRI favorites, offering lifestyle, convenience, and strong appreciation. Investing here means enjoying both comfort and future-ready growth.
Written by Aditee Das