The US real estate has collapsed, India’s real estate market have been affected, though less likely to collapse.
The Indian realty sector has recorded a growth rate of 30% last year. Moreover, the country has shown huge potential growth in investments destination for the NRI population and increase in NRI real estate in India. Whereas, NRIs are working hard earning huge money in foreign land, they want to utilize the same buying or developing real estate in India. Property consultants in India help NRIs search suitable properties which could be beneficial in long term.
Moreover, the Government of India is trying hard to convince NRIs that investment in India is a safe option to earn profits. Special NRI quota has been provided for various land sales by Government. Similarly, special grants and services are being provided to the NRI population so that they can invest in huge amount. Indian government knows it well that it is NRIs money which could help real estate develop in outstanding way. In tune with Chinese policy to attract non-resident Chinese investment, Indian government is not leaving any stone unturned to attract
NRI real estate investment.
Attracting NRI money from abroad, various banks have started new departments which deal only with foreign investment, separate NRI dealing services, NRE, NRO bank accounts, housing loans and many others. Property Consultants in India help NRIs sell of land for residential, commercial and industrial development, infrastructure support for the realty development, promotion of NRI investments in real estate and FDI, and many others.
Similarly, NRIs are being helped to get deals which are transparent. Additionally, rules are being liberalized by GOI and RBI regarding NRI property and NRI homes investment so that there are no restriction on the maximum number of properties that can be bought. NRI are being helped to receive easy finance and simpler repayment processes, etc. The various above-mentioned factors have given the Indian real estate market a potential of touching USD 30 million in coming five years.
NRIs are receiving huge profits from investing in real estates in India. Moreover, their confidence is increasing on the performance of real estate industry in India. Despite the fact that the whole world is going through economic slow down, Indian economy does not seem to show any signs of going down. Many new housing projects are in offing and some are about to complete and in such situations NRIs Real Estate Investment is expected to increase automatically.
Nicholas Tan associated with
Real Estate Investment inter alia includes buying new properties for the purpose of gaining profits on investment.
