Real Estate Investment - Sharp Rise in NRI Real Estate Investment since Last Few Years

The depreciation in value of Rupee has presented a highly profitable investment opportunity to NRIs. Many NRIs are investing in the booming Realty Sector of India and are earning good amount of profits at low investments. The main reason behind the increasing investments of NRIs in India Realty Sector is that they will have to pay lesser amount of foreign currency to acquire a property in India.

According to RBI (Reserve Bank of India) the net transmittal of NRI Investment in Indian market has increased due to the depreciation of Rupee against foreign currencies like Dollar, Pound and Euro. The major part of the NRI Investment in Indian market is in Realty Sector which amounts to 40% of the total NRI Investment in India.

The other factor that has boosted NRI Real Estate Investment in the Realty Sector of India is that the NRI who are foreign citizenship holders of Indian origin can easily apply for buying property in India. There are no as such regulations that will require them to attain a special permission for buying property in India. Apart from buying property, NRIs can also rent their property that they have acquired in India. This is another factor that has increased NRI investment in India because rents of properties in prominent cities of India are quite high.

FEMA (Foreign Exchange Management Act) is the government act that deals with the management of foreign exchange. This act gives exemption to foreign residents of Indian origin to buy any type of property in India, except for properties like plantation, agricultural and farmhouse. NRIs can also avail a Home Loan for buying residential property in India. The Housing Loan is granted to NRIs on the basis of their annual income.

The NRIs who cannot be present in India can execute the whole registration work by appointing power of attorney to any family member who resides in India. The registration process and the charges levied for it are same for NRIs and Indian residents. Appointing a family member who resides in India for power of attorney will greatly help in conveniently fulfilling formalities like registration, leasing and even selling of property in India.

Unnati Fortune world is reliable Real Estate Company based in Delhi, NCR. The company is a well known Real Estate Consultant, Property Legal Adviser, Property Loan & Insurance and Architectural Service Provider. Apart from the above mentioned services, the company is also engaged in offering. For availing the services offered by the company and knowing more about the company’s offerings, browse through the given website link at http://www.unnatigroup.co.in/unnatifortuneworld/

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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