With the liberalisation and introduction of new policies by the Government of India with respect to the real estate market, came about more transparency into the industry. This resulted in the real estate market of India experiencing rapid growth, which then led to an increased interest by NRIs to invest in real estate in India. With a number of far-reaching and liberal policies and reforms in place pertaining to government policies, rules and regulations with respect to real estate, including the reduction in stamp duty, the process of investment has become more simple and easier for the general public to understand and navigate, bringing about a boost in property sales. These liberalised policies have brought in a great degree of transparency and accountability into the real estate industry and this sector has seen a streamlining with the introduction of RERA. RERA has resulted in reduced risk for buyers with property developers now being held legally accountable. This has sparked a lot of faith in potential home buyers. These new policies have a far-reaching impact and are making investing in real estate in the country extremely lucrative. Various subvention schemes being offered by builders and real estate developers are also greatly enhancing the appeal of investing in real estate, and more so for NRIs. Adding to the appeal of the real estate market to NRIs is the establishment of real estate investment trusts. Another reason this is a favourable time for NRIs to invest in the Indian real estate market is that the Indian rupee has been sliding against the US dollar, making the dollar stronger, which ensures that NRIs can get more value for their money. They can also invest in higher end properties in India, further enhancing their portfolio. All these factors combined together make this a favourable time for NRIs to invest in real estate in India and also makes real estate one of the most secure forms of investment in India that they can indulge in.
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