Posts

Showing posts from February 2, 2019

NRIs - Prospects of buying property in India

NRIs prefers to a place in India to remain rooted with the country and not just for Investment Returns - does not matter whether market remains Bullish or Bearish. Game changing policies like RERA and GST have now boosted the confidence and transparency and streamlined the property buying process for NRIs. This has been fueling new NRI investments into Indian property market. The fact that Rupee value depreciation against Dollar in 2018 was a sound reason for NRIs to view Indian Real Estate more favorably as well as Developers offering substantial freebies & discounts in addition to interesting payment plans. The Govt. also eased norms to facilitate a more streamlined and less cumbersome property buying process for NRIs. keeping in mind the positive sentiments. In order to equip themselves for making best possible property purchase decisions, NRIs need to understand the regulations & processes related to India Real Estate. A quick realty check is: - 1) Understand FEMA (For