5 Simple Steps to Ensure Your NRI Real Estate Investment Is a Success
Buying real estate has become easier for Non-Resident Indian (NRI) buyers thanks to changes in real estate legislation, government efforts and guidelines, and rising dollar prices. They buy residences in India for personal use or as an investment. According to Knight Frank Research's Working Capital Report, real estate investment grew 137% between 2011-2013 and 2014-2016. As simple as it may seem, there are a few factors that NRI buyers should consider before making a decision. serious investment. FEMA Rules Regulated by RBI The Reserve Bank of India has simplified the requirements of the Foreign Exchange Management Act (FEMA) making it easier to invest in real estate in India and under the rule all NRIs with a valid passport Anyone wishing to buy commercial and residential real estate in India other than perhaps a plantation, agricultural land or even a country house must have a valid passport. The latter characteristics are only available for purchase when gifted or inherited by ...