Premium Luxury life style is always a choice for Indian by settling down in abroad and they become NRI but a connection with the root is something that fetches a sense of belongings very necessary for existence. Not only has this Indian had so many other reasons to invest in India. Few of them are lower cost of homes compared to the prices of the country they live in or other developing countries. Moreover, the rate of price rise of real estate has always been more in India than that of the developed nations. This assures more returns on investment.
One other important reason is currencies value, the fall in Rupee value against respective currencies would always help them to gain more which is an added advantage. The NRIs would always have an option to come back to India if they have property of their own and more importantly the facility of reverse mortgage would help the senior NRIs to maintain a secured old age life as the money borrowed from the banks in the way of a reverse mortgage is not taxable.
For the long term investment Indian Property Market is just like a Gold Mine. If higher rate of return on investment is in your mind then definitely you should invest in Indian property. So far the concern of safety, it is always very risky to invest in Pre Launch Properties. So far the consumer protection is concerned Real Estate Regulation Act (RERA) has been introduced which has brought in more transparency and attempts to protect the end users. RERA increased the NRI’s interest in Indian Property.
