India, Aug. 11 -- Overseas uncertainty is likely to prompt more Non-Resident Indians (NRIs) to establish a home base in India, while immigration-related concerns could drive a similar trend among US-based buyers, said Abhishek Lodha, MD, Lodha Developers.

"Uncertainty abroad is and will cause NRIs to want to secure a home base in India. We expect to also see the same pattern from US-based buyers for immigration-related reasons. Last year, about Rs.350 billion flowed from India into Dubai real estate. A material part of that will now stay in India," Lodha said during the company's investors' call for Q1 FY27.

Lodha said the ongoing Middle East crisis has had a moderate impact on demand. Middle East-based NRI buyers account for around 4% ...