For NRI, a basic factor in their
homeland is always measured a positive and safe prospect and gives them an
additional sense of safety. When we talk about Indian Real Estate sector, NRI
takes the wise decision, especially with the depreciating rupee. The latest
market tendency where there is high inflation and the rupee value depreciating,
NRI’s catch the excellent opportunity and invest in Indian real estate sector.
At the same time, NRIs are also concerned
to higher interest rates on Foreign Currency Non Resident and Non Resident
External deposits, as the stand alone rupee returns look profitable to them.
NRIs investing in the real estate sector have
to make the call for an affordable share of due conscientiousness. One has to
make the sure of developer credentials, potential for the infrastructure development
in the area, easy and comfortable access to public transport and good quality
of property management in the ventures. It has been witnessed the NRIs are
planning to invest in commercial as well as residential sectors.
The real estate sector in India has a
lot of prospective with various foreign real estate and finance companies have
entered in Indian market. Furthermore, approval of 100% FDI in the real estate
development is also an incentive for NRIs. Indian government has played an
important role in providing the full support for real estate growth by allowing
NRI investment in the realty sector.
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