If you are an NRI investing in India looking for the best advice, here it is: Invest in Indian Real Estate. The Indian Real Estate has been one of the best sectors for investment for NRIs in India. In this article, we will explore the top 5 locations for NRI Investment in 2020 that can turn out to be very profitable.
Invest in Indian Real Estate: Top 5 Locations
Here are the top 5 locations for you to invest in Indian Real Estate. You can read about the procedure, documentation and benefits of investment in Real Estate in our ultimate guide for NRIs. Find the guide here: Investment in India by NRI: Real Estate 2020
|Mumbai||Chembur, Goregaon East, Goregaon West, Airoli, Vashi, Ulwe, Belapur and Panvel||Building of Metro, Eastern-Freeway and new airport|
|Hyderabad||Madhapur, Gachibowli, Kondapur, Shaikpet, Narsingi, Puppalaguda and Nanakramguda||Boom in IT, Finance and banking sector and good connectivity|
|New Delhi||Uttam Nagar, Dwarka, L-Zone, Rohini.||Lower cost and connectivity|
|Bengaluru||Whitefield, Electronic City, Marathahalli,||India’s IT and Start-up Hub|
|Pune||Vishrantwadi, Wadgaon Sheri, Kothrud,||Growing price trend and connectivity|
How to invest in Real Estate in India online
NRIs can invest in the real estate properties allowed to them through the following mediums:
1. Through Self-Transactions using:
- Funds in their NRE/NRO/FCNR accounts
- Funds remitted to India from overseas (in own account; can’t pay to the seller directly)
2. Loan Facility (in INR) in India for NRIs (up to 80% of the property value that can be repaid through):
- Inward Remittance
- Funds in NRE/NRO/FCNR Account
- Rent from the purchased property
- Close Relatives crediting the borrower’s loan account (under section 6 of the Companies Act, 1956)
Is Real Estate a good investment in India 2020
Real Estate has been one of the top investment sectors throughout the years considering NRI Investment in India. If you want to invest in Indian Real Estate, the time couldn’t be better.
For details regarding why you should invest in Real Estate in India and why it is a good investment option for NRIs, browse through our article: Why should an NRI buy a house in India?
NRI Investing in India
NRI Investment in India has immense potential. Investments can be diversified into various asset classes some of which can earn tax-free interest in India. You can browse the annual highlights that we have put up summarizing the top 5 best investment options in India in 2020. Find the highlights here: Best Investment Options in India: Highlights 2020 (Top 5 Picks)
NRIs can invest in REITs in the primary and secondary market and exit any time they want.
Yes. NRIs have to pay tax on buying of property and on the capital gains while selling the property. Majorly these taxes are deducted in the format of TDS.
Yes. NRIs pay TDS on property. The TDS is generally deducted by the buyer and the remaining amount is transferred to the NRI Seller.
Under the RBI’s general permission, an NRI can buy a property, either individually or jointly with another NRI. However, resident Indians or persons who are not allowed to buy properties in India cannot become joint investors in such properties, irrespective of the contribution of the second holder to the purchase.
NRIs cannot own agricultural land in India. However, they may acquire such agricultural land through inheritance from a person residing in India.