What does Non Resident Indian (NRI) need to know about investing in India?
With a significant rise and a wide range of investment opportunities available across several sectors, India is quickly becoming the preferred location for Non-resident Indian (NRIs) looking to invest. Moreover, the rupee value is at its lowest, making it more feasible for investors to grab more oversized suits in the Indian market. Also, the Indian economy is rebuilding following severe COVID times. Thus, now is the perfect time to get a hold of some valuable assets.
Before making an investment, NRIs should ascertain if they can apply for a Person of Indian origin (PIO) card or for an Overseas citizen of India (OCI) card in order to receive benefits. PIO is available to NRIs who at one time held an Indian passport and who, in accordance with the Government of India Act of 1935, have close familial relations to permanent residents. Overseas citizen of India (OCI) is for anyone with family links who were eligible for Indian citizenship as of January 26, 1950. Additionally, Non-resident Indian (NRIs) must choose between opening an NRE, NRO, or FCNR account. It is extremely advantageous for Non-resident Indian (NRIs) to deal with real estate experts that have a wide range of specializations because all these decisions will require careful consideration before being made and perhaps arduous administrative trials before approval.
There are many viable investment alternatives in India, including Stocks, Mutual funds, Permanent deposits, Gold and Savings Accounts, etc. However, these investments have inherent disadvantages, like limited profit potential, long-term commitments, or simply high risk/high reward scenarios. On the other hand, real estate is the most predictable and consistent industry and offers some great investment opportunities.
Benefits of Investing in Real estate
Low risk, high reward potential.
Real estate investment is and will remain an excellent investment, as evidenced by its quick start in the first quarter of 2022 with 75% growth in sales and around 45 % growth in new constructions. Real estate investment in India is at an all-time high, and it is a straightforward projection that its only competitor in development in the coming years is itself. The latter totaled more than $10 billion in real estate investment last year and are projected to increase by around 12% this year, making it very attractive with minimal risk of your investment going sideways.
Easy monitoring and information
Real estate is not only quite likely to continue developing, but the information needed for real estate investing is also simpler to obtain and comprehend than other investments, making it favorable for all NRIs to feel comfortable investing in real estate with proper research and understanding behind the decision.
Non-resident Indian (NRIs) can easily rent out their properties without having to visit and maintain them and can receive money without hassle in their NRO or NRE accounts. This will create a continuous cash flow to grow further and invest.
Easy availment and processing of the loan
Non-resident Indian (NRIs) can get loans up to 35 times their Gross income and 75% property value by filling out the minimalistic paperwork. With such flexibility, Non-resident Indian (NRIs) can quickly feel confident heading into the future and allow for a well-designed structure to their plans.
Simple to follow tax laws
Even though NRIs are usually charged taxes at least 20% of their income usually; Indian tax laws are less complex than other countries, and NRIs can easily understand the basics to make the appropriate investment decision. Non-resident Indian (NRIs) can also easily plan for receiving Tax benefits on their investments as GOI provides them under some provenances.
However, real estate investment is not entirely worry-free. NRI must pay close attention to the building process, funds allocation, and being on top of all the different assets and quality materials, and avoid falling for advertisements, among other things. Therefore, NRIs will need to partner with a trusted firm that is knowledgeable and experienced in dealing with all the aspects of the real estate industry from top to bottom and can calmly handle a few unexpected curve balls that will undoubtedly come your way.
NRIs are constantly searching for excellent investment opportunities, and India offers many, particularly in the retail sector, where growth is expected to continue for years. Additionally, among many factors of which primary is the current value of the rupee, this makes this the ideal time to invest. As NRIs invest in Indian real estate, they will find many benefits and relatively simple laws. However, they must exercise caution and pay close attention before allocating funds. The real estate firm they choose to partner with must be pretty experienced and expert in all domains of the retail industry.
Realsta provides the right solution to that. Realsta is a boutique real estate firm with over ten years of experience and 4000 crores of transactions. Through all the ups and downs of the industry, Realsta Infratech has always shined out to find the best opportunities and viable solutions for their clients through a disciplined investment approach toward high-quality real estate assets. It expertises in creating high-value and high-risk managed returns for the investors while downsizing the possible risks.
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