Investing in the Indian real estate projects were not that attractive before to the non-residential Indians. The Indian government has taken some move for the development of the Indian real estate projects. These steps can be very beneficial for the NRI real estate buyers because it can give them more transparency while dealing with the Indian sellers. The non-residential Indians play an important role in the resurgence of the Indian real estate business. The non-residential Indians can get high returns after investing in a lower capital. To avoid any kind of problematic situation the NRI’s should maintain certain rules and regulations.
Regulation of Investing on the Indian Real-Estate
I – Before exchanging the currency NRI’s should read all the acts of Indian Foreign Exchange Management Regulations.
II – The NRI people must have an Indian passport and also they need the RBI approval before investing in the Indian projects.
III – Bangalore attracts the NRI real estate buyers most because of their simple tax benefits.
IV-The non-residential Indians have to pay the money in Indian rupees whenever they are dealing with any Indian real estate projects.
V – The NRIs cannot invest in the agriculture farmlands or farmhouse.
The NRI’s should maintain these tips before investing in the Indian projects.