Gulf NRIs Cautious on India Luxury Homes Amid Tensions
March 3, 2026·about 15 hours ago·via Storyboard18
Escalating geopolitical tensions in West Asia and Gulf airspace disruptions slow luxury home sales in India as Gulf-based NRIs turn cautious. In 2024, NRIs drive 18-22% of primary residential sales in India's top eight cities, with 60% of that from Gulf Cooperation Council countries. Projections for 2025-26 eyed $18-20 billion in inflows, led by high-net-worth individuals in Mumbai, Delhi-NCR, Hyderabad and Bengaluru.
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