According to the survey, since the past few years, Indian Real Estate has achieved a very strong position in the stock markets. The Indian real estate sector achieved an average growth of 30% last year and India is now the fifth largest economy in the world. There are many factors that are (eliminate) responsible for that and NRI Investment is one of them. We know that due to the constant growth of the Indian economy, investors reap the benefits of the current wave.
Investors in Indian property are NRIs (non-resident Indians) or of Indian origin; however, they both want to reap the benefit of being Indian or of Indian origin. Also the recent Indian government statement of reforms/relaxations for such inflow of investors influences NRI property investment. India is the second largest among the emerging nations that has shown potential growth in the investment destination for the NRI population.
The Indian government as well as the Indian property market provides a special quota of NRI real estate to the NRI population for various land sales to attract more and more foreign investment. Major banks and financial institutions separately take NRI trading services including NRE, NRO bank accounts, home loan and other home loan related products. For more details on NRI’s investment procedures and available assistance, please refer to the banks’ websites. The housing bubble is booming with huge investment from all sides, but NRI investment plays a key role in that.
The following are the factors that are responsible for the attraction of NRI investments in the Indian real estate sector:
– Sale of land for commercial, residential and industrial development.
– Infrastructure support for global real estate development.
– Strong support for NRI investments and FDI.
– Clear policies for real estate transactions.
– Liberal GOI and RBI rules for NRI property and NRI home investment.
– There are no limits to acquire the maximum number of properties.
– Easy availability of financing.
– Simpler payment processes. For example, normal incoming remittances or debit your NRE or NRO bank account.
The factors listed above have given the Indian real estate market a strong point in the current market and will also provide a potential to touch USD 30 million in the next five years. Returns on real estate investments have outpaced other investments.
However, the easy availability of home loans from financial institutions in India, NRI remittances and repatriation procedures and last but not least, easy operation of NRE, NRO and bank accounts NRCS has materialized as the best of all prospects available to NRIs hoping to return to India.
