"Investing now in real estate sector is great opportunity in India" says Mr. Martin from London.He further adds on that "depreciation of rupee is attracting NRIs to invest in property in India at attractive valuations."
Investment by NRIs has now picked a speed reason being continuous slide down of rupee in comparison to other currencies.Regions where government has proposed its multiple projects is good choice to invest.It is expected that there will be more chances of growth in real estate industry after 2014 general elections when an increase in leasing activities on account of entry of new companies into the country,the expansion of existing companies, and indeed relocation and consolidation activities that are expected to continue kick in.
With the increase in investment of office space, the demand for residential units will also increase.
Therefore,it handovers opportunity to invest which will result a good ROI in future. NRIs can purchase residential property which don't require any permission from RBI other then agricultural ,plantation or a farm house property.
Thus,
NRIs have almost all the privileges that a resident has with reference to purchase of property in India.
Investment by NRIs has now picked a speed reason being continuous slide down of rupee in comparison to other currencies.Regions where government has proposed its multiple projects is good choice to invest.It is expected that there will be more chances of growth in real estate industry after 2014 general elections when an increase in leasing activities on account of entry of new companies into the country,the expansion of existing companies, and indeed relocation and consolidation activities that are expected to continue kick in.
With the increase in investment of office space, the demand for residential units will also increase.
Therefore,it handovers opportunity to invest which will result a good ROI in future. NRIs can purchase residential property which don't require any permission from RBI other then agricultural ,plantation or a farm house property.
Thus,
NRIs have almost all the privileges that a resident has with reference to purchase of property in India.
