NRI Real Estate Investment India the 5th largest economy in the world and the 2nd largest among the emerging nations has shown a promising growth in investment destination for the NRI population. There has been a huge flow of NRI Real Estate investments in real estate from the NRIs. In order to encourage the investments from NRIs government of India has introduced certain facilities for the NRIsreal estate investment such as, providing special quota for NRIs real estate investment for various land sales done by the government. To attract more and more investments from NRIs real estate investment special grants and services are provided for the NRI real estate investment population. Many financial institutions are also dealing with the NRIs services like NRE, NRO bank accounts, housing loans and other home loan related products. Especially banks are providing various facilities to NRIsreal estate investment through the internet itself.
NRI Real Estate Investment TheNRI real estate bubble is flying high with investments coming from all the side. Indian government and other factors are contributing to attract the major investments from NRIs these include: Sale of land for residential, commercial and industrial development. Infrastructure support for the realty development all across the country Promotion of NRI real estate investments and FDI Policies for transparency and facilitation of real estate transactions Liberalization of rules by GOI and RBI regarding NRI property and NRI homes investment.
No restriction on the maximum number of properties that can be bought Easy finance availability Simpler repayment processes like normal inward remittances or debit in their NRE or NRO bank account.
From the above mentioned various factors have given the Indian real estate market a potential boost of USD30million in the next five years. In 2005-06 and estimation of 5million homes are recorded. Even the returns from the real estate investment have overcome other investments. Easy home loan availability by financial institutions in India, NRI remittances and repatriation procedures and easy operability of NRE, NRO and NRCS bank accounts has emerged as the best of all the available prospects for the NRIs real estate investments looking forward to returning to India