NRIs are looking to make the most of the prevailing market conditions in India, including discounts, offers and lowest-best home loan rates.
Tag: NRI Investments
Historically, the major demand driver for NRIs investing in Indian real estate was their eventual inevitable return to India. The general sentiment of a post-COVID-19 reverse exodus to India has thrown this driver into sharper relief.
Shajai Jacob, CEO – GCC, ANAROCK Property Consultants
- Regulations for property acquisitions by NRIs
- Returns on investment in different real estate asset classes
- Documentation, home loans, tax implications compliances
- Best cities and micro-markets in which to invest
Whether the real estate market remains bullish or bearish, NRIs prefer a place back in India – not just for investment returns but also to remain rooted in their country of origin.
Previously, NRIs (like most other buyers and investors) had every reason to be leery of the Indian real estate market. Today, game-changing policies like RERA and GST have now boosted confidence and transparency and streamlined the property-buying process for NRIs.
This has begun fuelling new NRI investments into the Indian property market. The fact that the rupee value against dollar depreciated in 2018 was also a sound reason for NRIs to view Indian real estate more favourably.
And, of course, developers have been offering substantial freebies and even discounts, apart from interesting payment plans, to draw NRIs as well as domestic buyers to their projects.