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Investment Destination India

To an NRI, a base in his/her homeland brings a sense of security, and is also a gainful investment option. Real estate in India is now considered the most profitable investment option as compared to traditional investment methods like bank deposits or bonds. Fuelled by the Indian Government’s decision to allow 100 percent direct foreign investment (FDI), a boom in the real estate sector is guaranteed and evident as well.

The Growing Indian Economy

To spur investments in the infrastructure sector and to maximize investments from abroad, considerable efforts have been undertaken to create avenues and schemes that has given a boost to the Indian economy. In fact, a report from Merrill Lynch has forecasted that the Indian realty sector will grow from $12 billion in 2005 to $90 billion by 2015.

Banks and financial institutions have introduced measures like lower interest rates, easy availability of housing finance among other measures to encourage investments in real estate. Further, the flourishing IT and outsourcing industries in India have made a profound impact on the purchasing power of their employees through higher salaries and better job prospects.

Reserve Bank of India (RBI)

All individuals residing outside India holding Indian passports and people of Indian origin (POI) have been granted permission by the Reserve Bank of India (RBI) to invest in both residential and commercial properties. In turn, NRIs are quick to respond to market changes and utilize any good investment opportunity that comes by. Consequently, markets have stabilized and there is an impressive amount of interest in this growing segment.

Liberalization coupled with the advantage of repatriation of capital invested and rentals, dictated by the RBI have fuelled further NRI investments in real estate. NRIs are free to repatriate their current earnings in India such as rent, dividend, pension, interest and the like in foreign currency based on appropriate certification. Online banking in India and exclusive accounts for NRIs have made it easier for them to transact and invest in India.

Apart from the fact that India is a safe country, about 10-12% return on investment is assured.

Environment of Trust

NRIs are considered the most eligible and a safe bet to provide home loans in India, on account of their prompt repayments on loans .The repayment of the home loan can be made through a normal banking channel by way of inward remittance. Builders and real estate dealers take initiatives to ensure transparency about the projects on offer and fairness in dealings, which attracts numerous NRIs to India.

NRIs consider it safe and rewarding when they invest their money in Real Estate in India.

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