5 Benefits for NRIs to Investing in Indian Real Estate Properties

“Rooted grow deep, live tall” is a tremendous saying as it is applicable for Non-Resident Indians living across the globe. In this era of globalization, people are traveling to different countries, making it essential that there is a connection with the place of origin. One such way of ensuring that feeling of belongingness, that connect remains is by making a home for yourself back home.

With the changing market dynamics, there has been a gradual increase in investment by NRIs over the last few years in the residential sector. The cities like Bangalore, Mumbai, Delhi NCR, Gurugram, Hyderabad, Pune etc. which are witnessing a vibrant demand for the residential properties. Gurugram has many commercial and residential spaces available, which are attracting the NRIs.

There are several reasons why NRI’s should invest in Indian real estate.

Stay Connected, Stay Rooted: You may be loving that luxurious living abroad, but come back home will give a sense of belonging. It will help you stay rooted and grow better. Today a considerable number of NRIs are striving to turn back and invest in the real estate markets. However, they also wish to choose their living spaces in the metropolitan cities where they can have all the conveniences and amenities of a 7-star luxurious hotel. There are few properties in India such as Leela SkyVillas, the Amaryllis, Oberoi Exquisite, etc. are constructed for the nonresidential folks.

Price Benefits: Along with the emotional connect, reasonable and affordability is another crucial reason why investing in India is profitable for NRI’s. The falling rupee has made it advantageous for those earning foreign currencies and spending the same to buy property in Indian Rupees. Property buyers get more square feet of space for the same amount in foreign currency.

Rental Benefits: The investment in properties in India will undoubtedly reap a regular and proper income to the owners. Be it corporate or residential property, the source of income is inevitable. This makes most of the young NRIs to think it to be the smartest investment opportunity; therefore, they try to buy properties in India and gain some return in the form of rent.

Retirement Benefits: Senior citizens owning a property in India can have many benefits. A senior citizen can take reverse mortgage loan from the bank that enables the borrower to access the unencumbered value of the property. There is a huge benefit for senior citizens as they own the property and get money from the bank.

Government Policies: With the focus on reviving the economy, the Indian government has also formulated schemes and policies, which maximizes investment options for the young NRIs. This government endeavor is expected to attract more NRIs to invest here.

These are some of the benefits for NRIs to invest in India.