Invest in Indian Real Estate: Top 5 locations of the year 2020 for NRIs

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 for NRIs in 2020
Invest in Indian Real Estate: Top 5 Locations for NRIs in 2020

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

LocationPreferred AreasReason
MumbaiChembur, Goregaon East, Goregaon West, Airoli, Vashi, Ulwe, Belapur and PanvelBuilding of Metro, Eastern-Freeway and new airport
HyderabadMadhapur, Gachibowli, Kondapur, Shaikpet, Narsingi, Puppalaguda and NanakramgudaBoom in IT, Finance and banking sector and good connectivity
New DelhiUttam Nagar, Dwarka, L-Zone, Rohini.Lower cost and connectivity
BengaluruWhitefield, Electronic City, Marathahalli, India’s IT and Start-up Hub
PuneVishrantwadi, Wadgaon Sheri, Kothrud, Growing price trend and connectivity
Invest in Real Estate in India: Top 5 Locations

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)

Also Read: Creating the Perfect Power of Attorney for an NRI

5 Reasons why NRIs should invest in Indian Real Estate
NRI Investment in Indian Real Estate: Checklist 2020

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 Investment in Real Estate: Points to Consider
NRI Selling Property in India: Repatriation of Sale Proceeds

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)

Click on the button below to get in touch with our Real Estate Expert to get ended to end assistance with all the processes and queries. Also visit our blog and youtube channel for more details.

Ask SBNRI Real Estate Expert Now

FAQs

Can NRI invest in REIT?

NRIs can invest in REITs in the primary and secondary market and exit any time they want.

Do NRI pay property tax in India?

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.

Do NRI pay TDS on property?

Yes. NRIs pay TDS on property. The TDS is generally deducted by the buyer and the remaining amount is transferred to the NRI Seller.

Can NRI buy property jointly with resident Indian?

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.

Can NRI buy agricultural land in India?

NRIs cannot own agricultural land in India. However, they may acquire such agricultural land through inheritance from a person residing in India.

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