Property Investment in India for NRIs

Growth of Real Estate in India: While many countries around the world have been combatting recession, India on the other hand has seen immense growth and still holds much potential in the real estate sector with reports revealing that investors have gained up to 20% as returns on their real estate investments. Investments made by NRIs in the recent years have also been influential in creating an inflow of monetary gains for India. 

Investment Schemes for NRI: A lot of avenues have been created in the past few years that have helped and enabled many NRIs, PIO and OCIs to make investments through property in India. The RBI grants permission to own property in India if the person possesses an Indian passport and he or she is free to invest in either commercial or residential property as per his or her will.

Acts passed by RBI: FEMA or Foreign Exchange Management Act has been implemented by the RBI that has helped in relaxing the strict rules of buying and investing in property on Indian soil. Repatriation of the capital invested in Indian property is also a major cause that has assured NRIs and encouraged them to make investments in the country. According to this, all capital gains obtained from the transaction of property can be remitted outside of India once the person pays his due taxes on his gains. Since repatriation of funds abroad is possible now, more and more NRIs are looking for investment opportunities in India.

Eligibility for Home Loans: Relaxed norms have also made it feasible for NRIs to procure home loans based on any property that he or she possesses or new investments. The GMI or gross monthly income plays an important role in determining the amount of loan that the person can be eligible for.

Why Invest in Property in India? : Apart from the very obvious reasons of a booming real estate market, and affordability of NRIs to invest in property in India, a major reason for doing so is the sense of security. Possessing property in one’s homeland gives homeowners a feeling of stability and security in terms of owning a home. It also serves as an additional source of income and moreover, they attach a sentimental value to it as well.

Online Hunt for Property: Online portals have become the latest classifieds hotspot for Indians who are learning to avail of the many advantages and facilities the web has to offer. Look for land for sale Delhi, sell property in Bangalore, rent apartments in Mumbai everything is possible through these. The web based community requires users to sign up and become members thus enabling them to post or sift through innumerable free classifieds. Currently, Delhi NCR has its property highest on demand and there is much scope for property for sale in Delhi as well as investment. Look no further and log on for more details on upcoming residential and commercial projects based on your city of preference.