NRI Real Estate and Property Investment in India
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NRIs still investing in Indian Real Estate
Friday, August 15, 2008

Despite the current slowdown in the Indian economy, the Non Resident Indian is investing in various sectors, including real estate. Several real estate projects across India have garnered approximately 10-20% participation from NRIs.

The return on NRI investment provided by Indian real estate has been found to be more attractive than that offered by developed nations. Also the simplified process of investment has reversed the equation and many NRIs have been consistently investing in properties.

Rajesh Goenka, chairman and CEO, Axiom Estates, the international property consultants who have several active NRI clients says, "They are the most affluent lot among real estate buyers in India, showing interest in buying large chunks of land in their home country. They are not affected by the current slowdown, as they take a long-range view of the whole scenario. They have faith in the Indian economy, and firmly believe that the prices will appreciate by at least 10 to 15 per cent every year. They see the downturn as an opportunity to invest in large chunks of land or even developed areas which they get at a good discount from even the top developers."

 

 

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