Real estate is considered to be the profitable and safe investment option compared to other options. If you are planning to do a long-term investment then it is essential to look for the best residential property which fulfills your need. The property which you are considering to buy must provide you high returns on investment in the future.
Investors have made the most out of Indian markets thanks to economic growth and rising demand for real estate assets in the country. Over the years, real estate market dynamics have changed due to policy reforms. RERA has not only consolidated the real estate sector but has also brought transparency. It has infused confidence in investors to enter the market.While buying a property, investors have high aspirations in terms of returns but the same turns into anxiety when returns don’t come. Be it residential or commercial, one must consider a long-term horizon for good returns.
Real estate is certainly a wealth creation tool but to get the expected returns depends on many factors such as property, location, market trends etc. Indian buyers are more informed today than they were a few years back.
Non-resident Indians holding Indian passport do not require any permission from RBI for acquiring immovable property for bonafide residential purposes.
Non-resident Indians holding Indian passport may pay the purchase consideration either by remittance of funds from abroad through normal banking channels or out of NRO/ NRE/ FCNR account.
The Non-Resident Indians (NRIs) are recognized under the Foreign Exchange Regulatory Act, 1973. Every bank and housing finance companies follow the RBI guidelines to define NRI – “An Indian citizen who holds a valid documents like Indian passport and who stays abroad for employment or for carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a NRI.”