NRIs that are the Non-Resident Indians always miss the country where they belong and thus look for opportunities to invest in the Indian property market. The first main reason that pushes the NRIs to buy property in India is the constant falling value of Indian rupee in the international market. The second important reason that the NRIs make property investment in India is the relaxation in norms by the Modi-led Union Government. Hence, we are listing the documents that are important for the NRIs to purchase property in India.
With the steady implementation of strong reforms and policies by the government, the Indian realty market has today become more buyer-friendly and transparent. This has led to an increase in the percentage of NRI investment in the key residential markets of India. Among all the cities, Bangalore has gained the most traction by NRI investors in recent times.
The Non-Resident Indians popularly known as the NRIs have again started taking the Indian property market seriously. Here the word again is used to remind you that the new reforms and property prices shoot up were the few reasons that made the NRIs hesitant to invest in the Indian Real Estate for the past sometime. But, now the situation has altered as these people are willing to invest back here as India is their home and the implementation of new rules is making them confident enough to put money in the property market here. So, below we are listing the main reasons that intend maximum investments from the NRIs here in India:
The Indian diaspora-the NRI’s- are now turning homewards for investments because of the boost in Indian economy. They are also a reason for sudden influx of banking funds and investments in different forms. India offers a stable, prosperous foundation for business opportunities and investments to NRI’S and PIO [people of Indian origin]. The latest investor to take a leap in this field is the young NRI; he is ready to try out the share market, mutual funds, fixed deposits and real estate market.
The government has made it very simple and easy for the people to invest in India. The NRI’s major investment is in the real estate sector; especially the younger generation is taking a keen interest in this sector. The returns from the real estate sector in India have been consistently high and even outperformed other investment options. The Government of India has created many policies and schemes to maximize investment options for NRI/POI’s looking to invest in the real estate sector. [Read more…]
Are you a Non-Resident Indian (NRI) and want to invest in a property in India? Delhi, Noida, Greater Noida, Ghaziabad and Bangalore are among the top Investment Destinations for NRIs in India. However, there is a whole lot of ambiguity and confusions around the process of property purchase in India, especially for the NRIs. It is always a good idea to be clear about the things in the first place than regretting it afterwards. So here is a detailed explanation of all the whats, whys, hows and whens of investing in Indian real estate.
Who is termed as an NRI?
An NRI is a person who holds an Indian Passport and has stayed in another country for more than 180 days. Other terms like Person of Indian Origin (PIO) and Overseas Citizen of India (OCI) also exist.
What type of property can NRIs buy in India?
NRIs can buy any type of property in India except an agricultural or plantation property. However, they sure can inherit such land. [Read more…]