Good time for NRIs to invest in the real estate sectorPosted by marry jose on June 17th, 2017 The Indian real estate sector is becoming more transparent making it easier for NRIs to invest in this space. Square yard, a real estate consultancy estimates that the realty market will be .5 billion by 2017. NRIs with strong financial background can look at Indian real estate as a good place to invest. Some new initiatives that were announced recently have encouraged this community to put money in this sector. Homes that are ready for procession are the best choice for such investors. Vera Developers and other growing cities are a great investment bet for NRIs.
Global investors look for transparency while investing in this sector. New regulations like RERA and demonetisation have made the system more transparent than ever before. The financial norms in the real estate sector are coming closer to the international standards and best practices. As a result, NRIs can now invest in Indian real estate without any hesitation. The increased value of the dollar against the Indian rupee and some other developments in the market are positive steps for the sector. The luxury real estate segment is a great place for NRIs to invest in. Luxury projects coming up in smaller cities have great potential for growth. Gold Mark is a seven star luxury project that is offering 4 bhk flats in zirakpur area. The growth potential of this area is immense.
India is one of the fastest growing economies in the world and it is pushing forward strongly making it an attractive investment destinations. With reforms in real estate, foreign institutional investors are bound to look at the sector thereby driving the prices up. This renewed interest in the sector will end up giving good returns to the early investors. Like it? Share it! More by this author |
