5 Essentials for Investing in Real Estate as a Non-Resident Indian (NRI)
For property investors from all around the world, the Indian real estate industry has remained a viable market. Non-resident Indians (NRIs) have developed a significant interest in the Indian property market, which is unusual. Industry experts discuss why NRI investors should continue to invest in Indian real estate. NRIs can profit from a high return on investment and a cheaper initial capital commitment by investing in Indian real estate. There are several guidelines and regulations regarding NRI investments that you should be aware of in order to avoid any unexpected roadblocks in your investing path. Regulations on foreign currencies and tax advantages Make sure you follow the FEMA (Foreign Exchange Management Act of India) laws. NRIs with an Indian passport do not require RBI authorisation to participate in the Indian real estate market. All debts taken out in India must be returned in Indian rupees. When investing in real estate, NRI should observe Indian laws...