The Indian Real Estate Sector - An investment option for NRIs

NRIs who have professional/entrepreneurial ambitions and who intend to set up businesses back in their home land are investing in residential real estate specifically in large Indian cities to build a back-up base in their own country and this they are doing over the past few years.

After the 2008-2009 global financial crisis which didn't affect India much because of its conservative banking sector has stood as an example for the world and more than anything else it has gained confidence of NRIs to seriously think of owning homes in India. Familiarity and stability on both the personal and professional fronts are again some of the reasons which attract NRIs to purchase properties in India.

  

Things which are in favor of NRIs 

There is no restrictions which limits the NRIs to how many commercial or residential properties they can have in India. However, when a NRI decides to sell back the property  and take the money back to the country of residence, he has to just give sale proceeds of only two units.

NRIs can avail home loan facility from an Indian Institution approved by the NHB, and loan repayment can be done either by the rental income earned in India or by borrowing from close relatives residing in India. They can even mortgage properties in India. They can even rent out their residential property.

No one can exactly predict the fate of any currency, or the stability of any economy but the current trends suggest that more NRIs are investing in the Indian real estate. To check out different property deals visit our website www.snapghar.com.

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