Rohit Gupta, CEO at Mantra Properties, on what makes India an attractive market The Indian real estate market has consistently appealed to non-resident Indians (NRIs) as a preferred avenue for investment. In recent times, a notable trend has emerged, with NRIs increasingly channelling their investments towards luxury real estate within India. Reports from 2022 indicate that NRIs invested a record $13.1 billion in the Indian real estate market, and this figure is expected to further rise in 2023. A prominent publication’s report highlights a twofold increase in NRIs’ contribution to the Indian property market. Notably, nearly 20 percent of sales for numerous real estate developers now originate from international sources, in contrast to the pre-pandemic scenario when the NRI share in sales was under 10%.
Don’t put all your eggs in one basket” – that’s what all the investment gurus around the world say. From Fixed Income to Shares, it’s always better to diversify your assets to create a more balanced portfolio. Real Estate is another such asset that has the potential to fetch long-term returns, if done right. Are you an NRI planning to invest back in India? If yes, there is no better time than right now. The residential real estate market in India has set a record of 68% YoY sales, making it one of India’s fastest-growing sectors. Now, if you are wondering where to invest, then Mumbai makes the best case as some of the premium and upcoming locations in the city of dreams have witnessed a staggering appreciation rate of 30% from 2025 to 2022.
Investing in Indian real estate has increasingly become an attractive option for Non-Resident Indians (NRIs). We delve into what is leading this growth, and give you the low-down on the top cities and emerging localities for investment.
India's IT hub, Bengaluru, has emerged as a top investment destination for NRIs in the residential real estate sector. Industry experts predict that 2023 will be a significant year for NRI investments due to several factors, including infrastructure projects, the emergence of new IT corridors, a peaceful and law-abiding atmosphere in Bengaluru, and its cosmopolitan outlook.
Are you an NRI (Non-Resident Indian) looking to invest in a property in India? Making the right investment decisions as an NRI home buyer requires careful planning and research. This blog post will provide you with valuable tips on NRI buying property in India, including information on the new rules for NRI in India and tax laws for NRI in India. From understanding the market to legal considerations, we’ve got you covered.
Navigating the taxation landscape for Non-Resident Indians (NRIs) can be quite a maze due to its complexity. Especially when it concerns capital gains on investments made in India, the waters can get even murkier. This comprehensive article delves into the intricate web of capital gains tax for NRIs in India and Persons of Indian Origin (PIOs), shedding light on the often perplexing subject of long-term capital gains tax in India.
Indian real estate market has always attracted the investments from its diaspora spread across the globe. NRIs have readily contributed to the Indian real estate market by purchasing residential and commercial properties in the country. In the past few years, numerous investment opportunities are coming forth in the market that is centered to cater to the burgeoning investment needs of NRIs. Out of all, real estate investment in India is viewed as one of the most lucrative opportunities that increases the returns multi-fold and diversifies the portfolio.
In the realm of Indian real estate, the market in Mohali has been booming since the past few years. People have been investing in Mohali which has resulted in the Mohali real estate rising every year. The city has emerged as a promising and booming real estate marketplace for international property investors. With Mohali’s diverse range of options for property investment the city has gained immense attention for Non-Resident Indians (NRIs).
The latest Consumer Sentiment Survey by Anarock Group revealed a fascinating insight: 68 per cent of the Non-Residential Indians (NRIs) (respondents) believe that real estate is one of the best avenues for investment. Notably, a whopping 72 per cent of them showed interest in investing in a property in Mumbai.
If you’ve recently invested in property in India as a Non-resident Indian (NRI) or plan to invest in real estate soon, here’s a checklist to ensure a hassle-free experience.
The Indian real estate market has always been an enticing avenue for Non-Resident Indians (NRIs) to consider investing their hard-earned money. With its dynamic landscape, evolving policies, and a growing economy, the question arises: Is it a good time for NRIs to invest in the Indian real estate market? In this blog, we'll delve into the current scenario, factors influencing the market, and whether NRIs should seize the opportunity.
For Non-Resident Indians (NRIs), Indian real estate has recently become a compelling investment opportunity. The market offers attractive returns and long-term stability due to a booming economy, supportive government policies and a vibrant and growing polity. Let’s look at the few reasons, highlights, opportunities, and benefits for NRI investors.
India is one of the fastest growing major economies in the world, with a projected GDP growth rate of over 7% annually. This strong and sustained economic growth is fueling demand across sectors, including real estate. India's urban population is expected to grow significantly in the coming decades as more people migrate to cities for education and job opportunities.
The Finance Bill of 2023 has brought in significant policy changes that have a direct impact on the taxation of Non-Resident Indians (NRIs). The bill has been recently updated to provide greater clarity on the applicable taxes and their implications and to simplify tax compliance for NRIs.
Even if the property prices around the globe are on all-time low the investments in property market in India are still on a rise. To make the best out of this situation, the NRI’s or the Non Resident Indians find it a lucrative investment opportunity to buy property in India.
As an investment, real estate in India holds great potential. For an NRI planning to invest in real estate in the country, what are the prospects? What do they need to know before investing in real estate back home? This article sheds light on all the important aspects of investing in real estate in the country.
The Indian real estate market offers numerous opportunities to NRIs. There has been a resurgence in NRI interest in the Indian property market due to the Indian government’s efforts to introduce more transparency and accountability into the real estate sector.
Amidst today’s fast-paced world, where desires entwine with the pulse of innovation, holiday homes have gracefully metamorphosed from idyllic escapes to alluring investment ventures, painting a picture of modern-day sophistication and opportunity that captures the imagination with a captivating brushstroke.
What is the scene of NRI investment in Indian real estate? Despite the ongoing global economic slowdown, the Indian real estate market has been growing over the past few months. The growing involvement of NRI investment in Indian real estate is a significant factor in this expansion. Since NRIs have always played a significant role in the Indian real estate market, and as more and more of them look to make investments in their native countries, it is anticipated that NRI real estate investment in India will reach a record-breaking USD 14.9 billion in FY23.
The evolving luxury real estate market in India, with its unparalleled comfort and exclusivity, has attracted investments from across the world. With a wide array of advantages such as prime locations, sought-after amenities, high quality construction and post-delivery care, luxury homes prove to be a secure and profitable investment, especially for Non-Resident Indians (NRIs). Following are a few reasons why luxury home investments form a key asset for NRIs:
In our previous article ‘NRI investments in India–key considerations’, we had discussed the regulatory and tax implications with respect to investments in equity shares and mutual funds in India. In this article, we have focused on the real estate sector which is another popular investment avenue for non-resident Indians (NRIs).
There are tax implications for NRIs acquiring property in India. To understand this better, it is essential to identify whether the seller of the property is a resident or a non-resident as per the Income Tax Act of India. An NRI who acquires an immovable property in India must deduct TDS or Tax Deducted at Source, which is calculated based on the residential status of the person selling the property and the nature of capital gains accrued.
Real estate investments by NRI (Non-Resident Indians) in Indian property have always been seen as lucrative opportunities. With real estate prices soaring and demand for housing increasing, non-resident Indians are increasingly looking to invest in Indian property. This article will discuss the advantages of investing in Indian real estate and provide useful tips to NRI investors to help them maximize their returns.
NRIs are also entitled to certain tax benefits on home loans taken to purchase residential properties in India. These benefits include deductions on principal and interest payments under section 24(b) and section 80C of the Income Tax Act, respectively.
he Indian real estate segment has started rolling back on its track after a prolonged stagnancy brought forth by the COVID-19 pandemic. The lucrative investment option has no longer remained complicated for foreign investors and NRIs looking to own a chunk of land in their home country, a report by SBNRI in March had stated.
The allure of India’s real estate market has caught the attention of Non-Resident Indians (NRIs) who are increasingly looking to invest in properties back home. In recent years, NRI investments in Indian real estate have witnessed a significant surge, with the numbers doubling and signaling a strong vote of confidence in the country’s property market. In this article, we will delve into the factors driving this trend and explore the benefits and considerations for NRIs investing in Indian real estate.
The Indian real estate sector has emerged as a promising investment avenue for Non-Resident Indians (NRIs). With a growing economy, favorable government policies, and a stable property market, NRIs have found a golden opportunity to invest in the Indian Real estate sector. In this blog post, we will explore why NRIs should consider investing in Indian properties and the benefits they can reap from such investments.
Until a real estate project is fully developed and occupied, the sales or site office is its nerve centre. Apart from the online space, it is the primary bridge connecting developers to their customers and vice versa. From here, customers can seek and obtain critical information, clear doubts and have queries answered
Indian real estate is one of the most attractive investment destinations, especially for Non-Resident Indians (NRIs). The total NRI investment in primary Indian real estate in the top 8 significant cities will reach about USD 11.5 billion in 2017, according to Square Yards, an investment advisory firm for real estate. The NRI investment sentiment has improved significantly in India due to the progressive regulatory reforms and ease of the NRI investment process
The Indian real estate saw a significant bounce back from the aftermath of the Covid-19 pandemic. The incentives announced by the government and lower interest rates fuelled the dream of owning a home among Indian families
The implementation of RERA has ushered transparency in the real estate sector. It has resorted and over the past few years strengthened the confidence of home buyers in the sector
The pandemic has played a significant role in changing the perception of home-ownership for all, especially for the NRIs who look to own a home in their native place
The fifth episode of ‘On The REcord – Decoding Realty’ titled ‘Country Roads, Take me Home, An NRI Exclusive’ was aired on 17th November 2021. An expert panel shared insights on factors that NRIs should focus on when buying realty in India for living and investment purposes
It is becoming a challenging task for Non Resident Indians to invest in Indian property as rupees are touching the grounds in comparison to the dollars. Different cities from Delhi and Mumbai to Gurgaon and Noida, every town offers commercial property for investment purpose
Most NRIs have families back in India - but even otherwise, most non-resident Indians maintain a deep emotional connection with their homeland. The desire to own property is a defining characteristic of all Indians, irrespective of whether they live and work here or abroad. During the Indian festive season, many visit India to take the plunge
The regulatory environment has dramatically evolved over the last one year. Favourable norms for investors and end-users, with increased transparency & accountability as well as the establishment of escrow accounts under the Real Estate (Regulation and Development) Act (RERA), and an encouraging dollar exchange rate for NRIs make it a highly lucrative time to invest in residential property in India
The Indian property market is already turning the corner after many years of sluggish growth. Several markets are witnessing good business with interest of buyers increasing after the pandemic
The best investment on earth is Earth. Are you someone who possesses commercial real estate assets in your portfolio? While the stock markets are currently going volatile and the less risky assets are providing no return on investment, the commercial estate properties are continuing to provide great rewards to investors
In case you are a non-resident Indian (NRI) who is planning to buy a property in India, there are a few things that you should always keep in mind before you make an investment. Will or fate might have paddled you overseas and given you the tag of an NRI but that doesn’t set you apart from any other regular Indians residing within the boundaries of the country especially when you are willing to buy a property. NRIs have played a pivotal role in the Indian real estate market over the years
The investments from the Non-Resident Indians (NRIs) have surged in the FY 2021 to $13.3 billion from the earlier estimate of $13.1 billion according to a report published by 360 Realtors. The same report states that the investment volume has climbed upwards by 6.4% compared to the previous financial year despite the pandemic and the buyers’ sentiments plummeting downwards
It’s important that NRIs should first look at their goal and risk profile before making a decision. Similarly, investment instruments like MFs, equity markets, NRE deposits, and more have their restrictions
With more people willing to pay a premium for open space, prices have risen between Rs 5,000 and Rs 12,000 per sq. ft. in cities such as Mussoorie and Shimla in the last few months.
For starters, any transfer of property to non-resident Indians (NRIs) and persons of Indian origin (PIOs) must comply with the Foreign Exchange Management Act (FEMA). The person bequeathing the property should have also acquired it in compliance with FEMA regulations or any other foreign exchange law in force at the time of acquisition of the property
Can NRIs buy real estate in India? Most people ask this question, and the answer to this question is yes. The RBI's circular now allows Non- Resident Indians to purchase certain types of property. However, other types of property can also be purchased after it is approved by obtaining special permits.
NRIs buying real estate in India should understand the legal requirements for owning real estate within the country. According to the Foreign Exchange Management Act's (FEMA) provisions, Person of Indian Origin (PIO) and NRIs are treated the same when investing in real estate in India
India has been a beneficiary of significant remittances, in fact in the calendar year 2020, India has received the highest remittance of $ 83 billion amongst all the nations, credit for these generous remittances is attributed to the contributions made by the bourgeoning and vibrant Indian diaspora thriving in different corners of the world
The most common doubts that can be served along with the morning breakfast to an NRI would be around filing Income Tax Returns. Many NRIs from all around the world repeatedly ask our taxation experts whether they need to file their ITRs in India or not! Is it mandatory? Differences between various ITR Forms for NRIs? How can they manage double taxation on the same income source and whatnot! In this article, let’s answer these basic doubts along with understanding the aspects of NRI Income Tax e-filing and its benefits. Yes! That’s right. Not only filing your returns in India as an NRI is easy and convenient but beneficial for you as well. The Union Budget of 2021-22 has eased the processes further with certain relaxations for NRIs. Let’s glance through the top 10 benefits of filing ITR for an NRI
NRI Tax Filing Deadline Updated: Through its latest circular (08/2021; F.NO. 225/49/ 2021/ITA-II) dated 30th of April, 2021, The Central Board of Direct Taxes has extended the Income Tax Filing deadline till 31st May 2021 from 1st April 2021 previously
The current pandemic has paved way for a lot of NRIs returning to their home countries. This has led to the need of owning a house in their native countries
While Mumbai is famous for being home to the Bollywood industry, it’s also a hotbed for real estate investments. This sprawling city has witnessed immense capital growth and infrastructure development in recent times, offering diverse real estate options for buyers on the lookout
An estimated 30 million NRIs living in 160 countries are looking at India for real estate investment opportunities. India has been consistently notching up the top slot in expatriate remittance for years now from $55.6 billion in 2010-11 to $64 billion in 2020
While work may not be affected in such a scenario, tax implications have changed significantly for these individuals. If you're an NRI stranded in the country, here are five things you need to note, to calculate the taxes you owe the Indian government
To promote ease of tax compliances, the government may re-introduce simplified tax return forms for NRIs who have no capital gains or business/professional income in India or having income within specified thresholds
When a house property is sold, after a period of 2 years (Reduced from 3 years to 2 years in Budget 2017) from the date it was owned – there is a long term capital gain. In case it held for 2 years or less – there is a short term capital gain
On an average the annual renal is 6 % – 8% for a commercial property compared to 1.5 % to 2.5 % on residential property depending upon the property location
A city of mangroves and flamingos; a seaside metropolis steeped in commerce; a powerhouse of arts and culture: Mumbai’s eclectic appeal draws people from across the world. Among them are many NRIs (non-resident Indians) who aspire to own real estate in Mumbai. And if you’re one of them, there’s good news—Snapping up your dream house in Maximum City just got a lot easier
NRIs seem to have seen the pandemic as an opportunity to seek to invest. Many are considering moving back to India. The bottom line, however, seems to be that real estate could recover on a nice tailwind from NRI buying property in India. But are they?
If you were living abroad for several years, wouldn’t you want to have some tangible connection to your roots? What better way to do this than to buy a slice of land in the country of your origin? This is exactly what the non-resident Indian (NRI) is doing; more so, as a result of the present pandemic. Let’s explore the reasons for this phenomenon that is taking Indian real estate by storm
NRI has an affection for the niche micro-markets within MMR, Pune, Noida, and Bengaluru. Many residential projects (both affordable and luxury) have come up in these major property investment centers
Real estate has a multiplier effect on the Indian economy with several allied industries reflecting the changes in this sector. Recognizing this, the government announced several initiatives to encourage investment in the sector
The top court also clarified that the present provisions serve a specific policy objective to ensure the right of the NRIs to occupy their property in the UT of Chandigarh and the state of Punjab after “returning” to their country.
India is one of the fastest growing real estate markets globally and the residential segment is a major contributor, accounting for 80% of the overall market.
On an average, at least four of the 10 customers purchasing flats in the city and its suburbs happen to be such ‘local’ NRIs who want to spend their retirement life back home.
The top court also clarified that the present provisions serve a specific policy objective to ensure the right of the NRIs to occupy their property in the UT of Chandigarh and the state of Punjab after “returning” to their country.
It was the third straight month of sharply higher sales after a record decline in April, when businesses were closed to help contain the coronavirus pandemic.
Geberit said its second quarter operating profit fell 20% to 161.9 million Swiss francs ($178.84 million) while net income dropped 24% to 131 million francs.
The UK government in July offered about 3 million British National Overseas passport holders in Hong Kong a path to British citizenship after Beijing imposed sweeping new security legislation in Hong Kong.
With prime office blocks lying empty around the world, hotels half-vacant and retailers struggling to stay afloat, the funds are retreating from many of the real estate investments that have long been a mainstay of their strategies.
Revenue from operations came down to Rs 757 crore in Q1 FY21 as against Rs 1,469 crore in Q1 FY20. Total expenditure also fell to Rs 734 crore from Rs 1,367 crore in the same period.
The second half of the FY21 could see more whirr and hum, it said. A volume could retract by a third on-year in FY21, especially since public spending would be diverted towards healthcare and public welfare, it added.
