Investment in Indian Real Estate- An Alarming Opportunity for NRIs

Despite witnessing the sinking rates in real estate in other parts of world, price of Indian real estate are alarming. This is high time for NRIs to invest in Indian property and encash the opportunity. If the investment decision is made today, price appreciation will be amplified within a couple of years and you will pat your own shoulder for this wise decision. It will bring no regret and you will be benefitted with higher appreciation beyond expectations.

Before investing into Indian real estate, NRIs must look for the provisions mentioned in Foreign Exchange Management Act and Income Tax Act. A sound knowledge of these acts will be very helpful for NRIs, keeping in mind the provisions and law affecting the decision to invest in Indian real estate. As per the Foreign Exchange Management Act, those Indians who inhabit outside India are permitted to attain permanent property in India except agriculture land or farm house. Following are the permissible acts listed in Foreign Exchange Act for NRIs –

Can purchase permanent property except agriculture land or farm house referring the RBI rules mentioned specifically for NRIs.
Can acquire permanent property except agriculture land or farm house as a gift from another NRI.
Can get hold of the inherited property
Can sell his acquired immovable property to a citizen of India.
Can sell or gift the agriculture land or farm house to a resident in India.
Can sell or gift the inherited property in the form of residential or commercial to an Indian citizen or to a person who is Indian origin but residing outside India.

The intention of investment in Indian real estate must be crystal clear. Strategy will be diversified if investment is made for own use. Likely, the strategy will be dissimilar for rental investment. On the other hand, if investment is made to make a handsome amount while selling the property, then strategies would be quite different. Hence, the first tactic while investing in Indian real estate is to seek the objective of investment. The current acts and provisions for NRIs are friendly, there are no hassles, taxes acts and provisions are simple. All you need is- be thoughtful. Investment in Indian real estate is going to be proved as rewarding decision.

To attract the NRIs, Indian real estate developers are focusing on the infrastructures meeting the international standards of living. Lotus Greens has emerged as one of the top most developers in real estate sector. The group has launched its new project Lotus Isle Noida. Keeping in mind the sustainable development, this is Green Project providing the exclusive lifestyle.