The real estate industry in India
is undergoing a self organization from being a highly unorganized sector. This
has been one of the most vital factors for India gaining its status as a highly
favored real estate investment destination as one of the prime NRI investment in India. India has a huge real estate market potential.
And NRI and other foreign direct investor see a huge opportunity for investing
in India.
Good opportunity for
returns:
Returns from real estate
investments in India have consistently performed well since last decade. And
even during this period real estate outperformed the other investment options.
However, easy home loan given by financial institutions in India, Real estate
investment in India emerged as the best of all the available prospects for the
NRIs looking forward to get a great return to India.
Liberal policy by
government:
But some time NRIs got confused
about various government policies but they very much wrongly interpreted
because today the government policies set out regarding property investment has
made opportunities of real estate investments in India even more favorable.
Under the current comfortable conditions, Non-resident Indians -NRI and persons
of Indian origin can invest in real estate in India. NRIs can buy residential real
estate in India, rent it out, transfer or sell it, if they want to do that.
An optional way to
invest in India:
The NRIs may use his own funds to
acquire immovable real estate property; other than the option of availing home
loan from bank for this purpose. The NRI's ‘own funds’ refer to the money
received in India by way of inward payment from overseas, income earned
overseas and their personal savings outside India also use for NRI investment.
Benefits provided by
the Indian government to NRI investors:
Special grants and services are
also provided to the NRI investors to draw more and more foreign investment in India.
All the leading banks and financial institutions have separate NRI dealing
services that cover NRE, NRO bank accounts can be used for NRI investment in India.
And also Reserve Bank has granted general permission to foreign citizens of
Indian origin to acquire or dispose of properties up to two houses by way of
gift from or to a relative who may be an Indian citizen or a person of Indian
origin whether resident in India or nonresident. For more Information Click Here.
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