Property Buying in India for NRI's
There has never been a better time for NRI's to buy realty in india, than now
Not only have construction standards up the ante, bigger complexes and layouts today give the same ambience and lifestyle homes that most of the developed countries worldwide.
And if you look at the fundamentals ruling the realty market, India is an emerging blue chip if we can choose to call it so.
There is a huge land bank today which can sustain progressive and planned development in the next 10 - 12 years, though most of it is in the extended suburbs in the big cities and also in the heart of Tier 2 and Tier 3 cities.
The best bet for NRI's would be to buy residential and commercial office spaces if they are looking for a long term perspective. If you have the time and the means to monitor your assets, land accquistions and retail space can be your option, though they are high risk and high returns portfolio.
It would help if you have a diligent Realtor who can act as your portfolio manager and advice you on your long term strategies. Also be sure to include a Chartered Accountant and Lawyer on your realty team, if you are looking at long term investments and want to play it safe. The fees you pay them would not only ensure the safety of your investments, but also sometimes provide you with the timely exit options.
Anonymous comments are disabled