Though you have been outside India for years now and gained the status of ‘Non-Resident Indian’, a few of you would still have plans to get back to India and spend your retirement life here, recalling your childhood. As part of fulfilling this dream, you may want to invest in Indian real estate.
Since the economy has hit the rock-bottom and most of the citizens are trying hard to lead a healthy life at this point, not many have bothered about real estate investments in India. Therefore, this might be the right time for you, NRIs, to invest in a property in India as the COVID-19 lockdown has pulled the real estate prices down to the bottom. The currency rates have also been favourable to make a move.
To accomplish this, you must know more about the policies and regulations that are applicable.
Also Read: Use of Technology Keeps Real Estate Industry Afloat During Lockdown
Not just the desire to invest in a property in India, now you have the necessary basic knowledge about what you can purchase and how you can get the required permissions. So, plan your next step well!
For any clarifications/feedback on the topic, please contact the writer at apoorva.n@cleartax.in
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