Indian emigrants working in the UAE are pouring money back into Indian homes—but newer flats are providing less space to live, even at higher prices. Builders are including upmarket facilities such as gyms, lounges, and parkland, but the amount of built-up square feet per flat is gradually decreasing, compressing buyer demands.
Increased demand from international buyers is driven by a lower rupee, which makes investments cheaper. According to Gulf News, a large number of NRIs are entering the market (“a greater amount of inquiries…particularly in housing real estate”) even while developers maintain new launches “well under control”.
But instead, they’re concerned that while they’re paying top dollar, the actual habitable space is a fraction of what they’d get in older buildings. Developers instead market shared lounge areas, rooftop gardens, and co-working spaces—amenities that enhance the property’s desirability but shrink private internal space.
