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3 things to know about the Indian Real Estate Market for NRIs
01:39 Mins Read
What should NRIs know about the Indian real estate market? This video gives you some insights.
Transcript
NRIs have invested $13.3 billion in the Indian real estate market in FY 21. Want to be a part of this market? Before you invest, here are some important things to know about Indian real estate and investing in it. First things first - choose a reputed builder. The Indian real estate market is home to some stellar builders, but you need to do your due diligence before you invest. Since you will not be present in the country physically, ensure that you invest in properties by reputed builders. Secondly, the Indian real estate market offers you both residential and commercial investment opportunities. You could choose to include one or both of these options in your portfolio. If you choose commercial real estate, make sure you pick properties that are in demand by top, blue chip companies. And lastly, you need to be aware of the FEMA rules in place for NRIs. Broadly speaking, FEMA allows NRIs to purchase any immovable property in India except agricultural land, plantation property or a farmhouse. You need to be aware of details like this before you invest in Indian real estate. Another investment that NRIs can consider is investing in the Indian Rupee. That’s what we’re going to be looking at in the next chapter of Smart Money.