Name_First112206: Nakul
LAST: Sharma
City, Country: United States
EMAIL: nakul9211@gmail.com
Name of this Article: NRIs Bullish on Indian Real Estate
Add your (cut & paste) opinions/ comments/: Non Resident
Indians (NRIs) are much interested in investing in real estate
over any other investment options. The underlying reason for such
an interest is high returns. Around $600 million may have come
through such investments in the last calendar year alone.
The law firms boast of receiving five or six enquiry calls every
week, mostly from NRI who want to park their fund in real estate
development in India.
A large portion of the investment, which is near about $10-25
million comes from the funds sourced from an extended NRI clan.
NRI investors generally take much interest in the real estate
available in their native places, where they can leave the property
under care of their close friends or relatives.
The trend has certainly boosted the real estate transactions
in Tier II and tier III cities like Jaipur, Hyderabad, Vijayawada,
Ahmedabad, Baroda and Surat. As far as typical investments are
concerned, they are mainly done to leverage high gains and tax
rebates. Such deals are generally beneficial for both the investor
and the developer.
Around 25 million NRIs in 125 countries are making investments
in immovable property in India and show large interests in residential
properties than commercial properties, say the data compiled by
an Associated Chamber of Commerce.
Source:http://www.indianrealtynews.com/real-estate-india/nris-bullish-on-indian-real-estate.html
