Why Has Affordable Housing in India Become a Top Choice for NRI Home Buyers

Jul 05, 2017 Share

With the property prices experiencing a significant growth in past five years and with the Government taking a number of initiatives for the NRIs, they have been highly captivated towards buying properties in the province, but have also become quite convinced about their gain. Although for the Indians staying in overseas, it has just been a marginal increase due to the fall of Indian Rupee against the US Dollar, still they seemed to welcome the real estate growth with a broad anticipation. This lucrative option for overseas investors has caught their interest like never before and got them indulged in making more profit.

Also, the NRI buyers are once again trying to look seriously at investing in Indian realty. When there are a number of reasons for the non-residential Indians to purchase property in India, there are also a plethora of grounds for them to take pleasure over their stay in the country. There have been many instances where the NRIs are seen to prioritize their purchase beyond every possible measure and settle in India evermore.

For the NRIs, having a base of high priority is no less than grabbing a top-notched deal and with India doing reasonably well with the economy, the HNIs have also become quite convinced about their investment in India which, in turn, has also acted as a boost to the Indian financial system. At the same time, all the banks have also taken enough proactive measures for the non-residential Indian citizens which have again covered their concerns to a significant extent.

Also Read: Last Few Years Experience a Surge in NRI Investments

Also, when it’s about selling a property, NRIs, just like the Indians, can do anything they want with their assets. Whether it’s a farmland or an agricultural land or even a residential property, a NRI can gift it to any Indian resident and at the same time, he/she can also transfer the immovable property to anyone residing abroad.

At the same time, there is no strict regulation on the number of properties that can be purchased by an NRI. But, while doing so, one of the most important factors that every NRI should remember is that all the monetary transactions must be done in Indian currency.

For almost all the Indians, owning an affordable house in India is something they always dream of. A NRI purchaser is also not an exception in this regard. No NRI would ever want to invest in such field with minimum returnable option. They would certainly search for a pragmatic choice which cannot be better than real estate.

A number of reforms have been introduced by the Government and a bold vision of providing affordable housing in India solutions for all the NRIs as well as Indians has also been taken into consideration to serve their interests the best. Added to this, the Government has also given different dips to the affordable housing projects and the demand for the same has naturally puffed up to a great extent. For the NRIs, wanting to reconcile in India, affordable housing will certainly be the best choice to opt for. Having a high pace of absorption, budget housing segments have not only come out as a profitable business solution, but have also happened to play a pivotal role in the socio economic growth of the country.

Can NRI Purchase Homes in India?
Can NRI Purchase Homes in India?

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