The NRI buyer is once again looking seriously at investing in the India story, especially in the real estate sector according to the Economic Times. There are so many reasons for non-resident Indians (NRIs) to buy property in India, chief among them being the fact that they eventually would like to settle here. Even if they do not actually live in India all the time, having a base in India is a high priority.
The second reason is that India has not been affected so deeply by the recession and the economy is doing reasonably well. Banks too have taken proactive steps to allow easier inflow of funds for such purposes.
Raminder Grover says, “NRIs are showing an interest in safe projects, where bank loans are easily available. They want to invest in soonto-be-ready projects and also locations that are central, rather than those which have a long gestation period. They are extremely savvy, with relatives here to safeguard their interests – another big reason to invest in India.”
Tags: Non Resident Indians, NRI's
November 17th, 2009 at 1:33 pm
Hi,
Really this is very good time to invest in india that is why NRI buyers looking again for invest in indian property. With the rapid growth of the IT sector in Bangalore, there has been a spurt in demand for both residential and commercial Properties