Thursday 19th, November 2009
The Indian economy market and the real estate is now
becoming a popular investment method for NRIs.
Now a days, various schemes and avenues are
offered which open up the gates for safe investment.
Stability in market has led to immense increase in
interest with regard to it. A good deal and base in
motherland attracts NRIs and PIOs to make investment
in residential and commercial property in India. It gives
them good returns which multiply rapidly.
The Reserve Bank of India (RBI) and FEMA (Foreign Exchange
Management Act) now inculcates the sense of security in
property investment.
FEMA now gives prescribes for more
liberalized rules and regulations in addition to repatriation
of capital so invested and rental proceeds as given under RBI.
It also ensures 10-12% returns.
The flexible rules now give an excellent
opportunity for NRI investment as opposed to
earlier times where they had to suffer issues
regarding income and wealth tax, Hindu joint
family act and Municipal rules.
Unlike Indian residents, NRI enjoys the same status as property
owner, despite of different rates of property tax. Finances can
also be raised from financial institutions to purchase an apartment
and property tax is to be paid to the concerned authorities.
Home loan can be repaid by inward remittance through normal
banking or by direct debit for those who earn income through rent,
pension etc. in India. Real estate business has witnessed boom by
crediting the existing balance in Non Repatriable rupee accounts on
maturity to convertible NR account.
The transactions involved in
NRI investment in India has been made
easy through these accounts
and the online NRI banking.
Moreover, the consultants, builders and the estate dealers
ensure fair deal and transparency in projects. This allows NRI
to consider their investments as safe.
High quality construction so guaranteed plays
major role in attracting NRI investment
in real estate. There is no doubt that investing in property in India
is the best option for NRIs that bears long term benefits and security.
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Real Estate investing is easy and fortunes are made in a simple manner. For example, and investor decides that a desert area will eventually become an industrial development. He purchases a number of acres at a very low price. If his guess turns out to be correct, ten years later he sells the land hundred times more than what he paid for it. This can happen in any part of the country and is not an exceptional case.
ReplyDeletehttp://propertyinvestment.blogebay.com/2009/11/23/benefits-of-property-investment-2/
Hi
ReplyDeleteI just visit your blog and reading your post Real Estate is his lack of liquidity. Liquid assists are those easily converted into cash like stocks or boons. Most Real Estate investments take years before you can make some money, so it is not wise to tie up all your assets in this type of investment. Your financial situation will determine how much you can wisely invest in properties.
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