NRI’s can reap a treasure trove of profits by investing in the real estate market in India.
As per the Financial Express article of May 2022, NRIs have increasingly shown interest in buying second homes in India. If I were an NRI, I would not think twice before investing in a property back home. Who wouldn't want a second home in one's home country?
That said, let’s look at the top three benefits that NRI’s can reap by investing in property in India:
In December 2021, the Reserve Bank of India (RBI) announced that NRI’s would not need any prior approval from RBI, for investment and transfer of immovable property in India. Investment in agricultural land, farmhouse or plantation property is an exception to this rule. This has sped up the NRI investment in the Indian real estate sector.
If you invest in a property in India, you can get higher returns as compared to the returns gained on investing in a property in countries such as the U.S. and the U.K.
Depreciation of Rupee value has made it favorable and affordable for NRI’s to splurge on real estate investment in India. This is a boon to the home buying sentiment of NRI homebuyers. Not only can they afford buying a home in India, but they also can reap higher returns on property investments in India.
If you are an NRI who plans to return to India after retirement, then it's perfect to start thinking on the lines of buying your home away from home. Based on your purchasing power and given the depreciation of Rupee value, you can own a luxurious retirement home or second home in your home country. Who wouldn’t want to live in a spacious home without worrying much about how much money needs to be shelled out from one’s pockets? Isn't that fascinating? Had you been working in India, buying a home could have been an unfulfilled dream. But since you are an NRI, you should look at the advantage you have over non-NRI's in buying a home or investing in a property in India.
If Pune is the city you wish to buy your home in, then get ready to live in the 8th largest metropolis of India. Located in the east of Pune, is the most sought-after residential project in Pune residential projects in Pune Amanora Park Town, the perfect destination for NRI home buyers. Amanora Park Town is the City Group’s landmark development. The group has over two decades of experience in building the most sought-after residential and commercial spaces in Pune.
Amanora Park Town was designed by world-renowned architects, and it is spread across an area of 400 acres. Its state-of-the-art design, unique amenities, and perfect location make it one of the most habitable townships in Pune. You will live in a city within a city where you will not have to venture out too far to enjoy the daily activities of life. Go on morning and evening walks in the park, hit the mall over the weekend, take a dip in the pool, or hit the gym. You can do it all within the township or just a few minutes from your township. Not just that, here you will enjoy proximity to other parts of the city with good road and rail connectivity.
So, what are you waiting for? On your next trip to India visit the township and discover the lifestyle you desire.