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NRIs are more in housing than in commercials

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After relaxing few norms for the NRIs involvement at the country’s economy, it is an encouraging part for the realty growth in India. A declaration made by the govt. of India prior to investment of the NRIs depicts that the one with the Indian passport settled across the world can directly foray into the market without taking any permission of the authority says sources reported at www.propertykhazana.com.
It means that from now onwards a NRI can involve in any realty transaction from buying to lending at any corner of the country and also rent the property to any third party. Rohtas Goel from Omaxe group states that “now it has become easier and comfortable for the NRIs and the other POIs to put their interest on Indian realty”. But at the same time the govt. authority keeps a restriction on the dealings of farmland and farm houses along with the plantations adds the source on www.propertykhazana.com. Apart from this with the new law overseas settlers also can transfer the rental incomes of Indian soil to their current accounts with in the criteria of FDI.
A home at the native land for the retirement period or it can be used as a holiday destination was primarily mind set of most NRIs as per the various realty sources. Interestingly the craze for the residential units has grown up among the NRIs as compared to the other commercial assets soon after the reduction of price by the developers and lending rates by banks. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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