Best Time for NRIs to Invest in Real Estate
The liberalisation and introduction of new policies by the Government of India pertaining to the real estate market brought about more transparency into the industry, resulting in the real estate market in India experiencing rapid growth, which in turn has led to an increased interest in NRIs to invest in real estate in the country. India has now seen a number of far-reaching reforms in real estate and liberalisation of government policies, rules, and regulations regarding real estate such as the reduction in stamp duty, which have much simplified the process of investment in real estate and also boosted property sales. These new government policies and regulations have brought in much-needed accountability and transparency into the real estate industry. The real estate sector has seen a streamlining with the introduction of RERA, which has aided in reducing the risk for buyers. Property developers and builders are now legally held accountable and this has spurred a lot of faith in potential investors. These policies have a far-reaching impact, making investing in real estate in India highly lucrative. The various subvention schemes being offered to investors by real estate developers and builders are also greatly enhancing the lucrativeness of investing in real estate, especially for NRIs. The establishment of real estate investment trusts has made the market further attractive to NRIs with the assurance of long-term gains. Another reason this is the best time to invest in real estate in India is that the US dollar is steadily growing stronger against the Indian rupee. This ensures that NRI investors can get more for the value of their money and they can also invest in high-end properties in India, thus greatly enhancing their portfolio. Due to all these factors, investment in real estate is today the most secure form of investment in India and this is the best time for NRIs to invest in property in the country.
