4 Reasons Why NRIs Should Invest Back Home

Posted by Heather Homes on March 30th, 2021

If you are a non-resident Indian (NRI) intending to purchase a property in India, time couldn’t have been better for you to do so. India’s real estate sector has seen a price correction in the past and purchasing property in Indian has gotten more gainful with favourable exchange rates. And, during this corona time real estate sector has proven to be a safe and low risk investment. With all-time low loan interest rates, now would be the ideal time to invest in the market.  

Here are 4 reasons why NRI’s should invest back home:  

Affordable Prices: 

It’s the best time to take advantage of the difference in the Indian and foreign currency value. And with great loan interest rates, you won’t have to shell out your savings to bring that emotional connection to life in the form of an asset. 

Easy Funding and Payment options: 

An NRI can pay either through assets transmitted to India from abroad through normal financial channels or out of the balance in their NRE, NRO or FCNR accounts. One can take credit from a bank to buy the property. Banks give housing loans to NRIs to purchase a house. Repayment of the loan should be made out of inward remittances or out of funds held in the investor’s NRE, FCNR or NRO account. It can also be done out of rental income from such property or by the borrower’s close relatives in India. 

The benefit of rental income:  

NRI investment is excellent from an earning point of view. They can generate rental income from their property in India, which will add to their extra income source. Rental income can be localized abroad. An NRI can likewise move or sell the property. It is to be noticed that the sale proceeds of property acquired from an occupant Indian not surpassing USD 1,000,000 can be dispatched abroad in one calendar year. 

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