Title
Prestige Park Grove Logo
  • Home
  • Contact

Blog

  1. Home
  2. Why Realty is the Best Bet for NRIs

Why Realty is the Best Bet for NRIs


Why Realty is the Best Bet for NRIs

Despite a slow price rise in the real estate market, there are today large and increasing numbers of NRI investors. The government has taken tangible initiatives to encourage the real estate industry, which has resulted in increased confidence among investors. The stable Indian economy today has a favorable outlook in the global scenario, making the country a hot investment destination.

Reality in India is today one of the best investment options for NRIs, and this is why:

Tax Savings – NRIs can invest in Indian real estate and save taxes as Indian residents can. They can claim deductions on the principal amount and interest on home loans. Also, the capital gain on the profit earned on property sold two years after purchase is exempt from income tax.

Low Prices – Property prices in India have historically risen faster than those in developed countries, but the prices are still relatively low. The Indian real estate market offers more value for money to home investors. The returns on investment are greater in a shorter period of time. With numerous residential projects being launched across the country, the NRI investor has a wide array to choose from.

Rental Income - Although 30% tax deducted at source is deducted on rental income, NRIs can let out properties in India without issues. Rental income can be earned under the Foreign Exchange Management Act rules. The income generated from the sale of immovable property can also be repatriated under this act.

Long-term Benefits – Not a very popular concept in India, NRIs can benefit from a reverse mortgage. This amount taken from a bank is not factored into the taxable income of NRIs. Individuals who are planning their retirement can avail of the reverse mortgage from banks and invest in real estate. Investment in reality in India will provide NRIs with income into their retirement years.

Prestige Group new prelaunch apartment Prestige Park Grove.

Disclaimer : The content is for information purposes only and does not constitute an offer to avail of any service. Prices mentioned are subject to change without notice and properties mentioned are subject to availability. Images for representation purposes only. This is the official website of authorized marketing partner. We may share data with RERA registered brokers/companies for further processing. We may also send updates to the mobile number/email id registered with us. All Rights Reserved.

Call Enquiry
Enquire Now