1. Property investors worldwide have continued to view the real estate market in India as an attractive investment opportunity. It is interesting to note that non-resident Indians, sometimes known as NRIs, have recently shown a significant interest in the real estate market in India. Industry professionals advise the NRI investor to maintain their investment in Indian real estate for the following reasons.
2. During the difficulties brought on by the pandemic caused by the coronavirus, the Indian economy was forced to contend with serious problems. Nevertheless, the pandemic has passed, and there has been a marked improvement in India’s economic situation. “The pent-up demand has started to emerge to the forefront. In the future years, the economy will develop by leaps and bounds. Because of this, property values will go up, and non-resident Indian investors (NRIs) can look forward to a healthy “Return on Investment” on the money they have put. According to Subhash Goel, the Managing Director of Goel Ganga Developments, “New categories of investment such as fractional ownership of land, co-working spaces, commercial real estate, and storage give an attractive potential for the NRI real estate investors.”
3. According to various experts’ opinions, a simplified taxation system encourages non-resident Indians to store their excess money in India. “Also, non-resident Indians are eligible for an indexation benefit for any properties they own in India. For instance, immovable properties that have been kept for more than twenty-four months are considered long-term capital assets. This entitles the owner to an indexation advantage and simplified taxation at a rate of twenty per cent. According to Atul Goel, Managing Director of the Goel Ganga Group, some tax deductions are permitted under Sections 80C and 80TTA of the Income-tax Act of India.
4. The Non-Resident Indian (NRI) community has the distinct advantage of channelling the money they have earned elsewhere into profitable investment opportunities in India. Because the value of the rupee has dropped to an all-time low of more than 75 versus the dollar, investing in real estate has become a more accessible and reachable option.
5. According to Suren Goel, Partner at RPS Group, if the value of the rupee continues to decline, the purchasing power of investors will increase by a factor that is many times greater.
* “To give you an illustration, a plot of land that was formerly worth 75 lakh would set you back approximately 1 lakh dollars right now. On the other hand, had the rupee maintained its value of 65 against the dollar, the identical thing would have cost one million and fifteen thousand dollars, as he indicated.”