India, Extremely Favored Real Estate Destination for NRI

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.