An recent NRI
issues,which says after an fall in the indian rupee Verus USD, NRI's can now
invest in real estate sectors in india. this is great opportunity for NRI's to
invest in real estate markets in india.
Few decades NRI’s
were not permitted to buy any agricultural land holding or / farm houses .
However there are no restrictions on the number of commercial & residential
accommodation that they can buy.
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| Ganesh Vasudevsn, CEO, Indiaproperty |
Mr. Ganesh Vasudevsn,
CEO, Indiaproperty said, "The falling Indian rupee is bound to arise
interest in the property investment from NRIs. This will be a great opportunity
for them to invest in Indian real estate particularly when the house prices in
the US have already reached 2008 level. But, the key here is to make quicker
decisions on purchase. The returns on the Indian property will be higher
compared to other investments due to the expected growth rate ; relatively
minimal volatility and strong fundamental demand drivers. This may also come as
a relief to the builders who might be
willing to negotiate on the price"
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