Coupled with a bountiful price correction in property prices by close to 25% and rupee's decline, there has been a rise in inquiries by the NRI class in relation to property purchase in the Indian shores. At the same time, another factor that has triggered them to buy a suitable house for them in India is the easing of acquisition related regulations for NRIs.
The year gone by has been which saw rupee fall heavily by as much as 10% took to the interest of NRIs for property investment in India. And to further make the overall scenario, developers have been luring prospective buyers with attractive payment plans, host of freebies and facilities.
So, NRI population which until a year ago was leery of property purchase in India, is now mindful of the game-changing policies including GST and RERA, which have fostered a sense of belief, by providing transparency and streamlining the entire property purchase decision as well as process.
Before thus giving a property purchase decision a shot, as an NRI you truly need to equip yourself with the regulations as well as be able to fairly ascertain the return from such an investment if at all the case be.