Dev Singhraha
Relocation Expert
The real estate of India has always been a resourceful investment area for the NRIs as well. Not just the government but the builders also try to make efforts to lure more and more NRI investors. The country provides an array of real estate options for the NRIs to invest in from commercial to residential.

The current real estate market is on a slow down which makes it an excellent time for the NRIs to invest. Developers are now offering flexible payment plans, subversion schemes while offering lucrative deals and benefits.

But before you decide to take a plunge in the investment, there are few dos and don’ts that must be addressed to make sure your experience of investment doesn’t go sour. Apart from the necessary due diligence,

NRIs must follow the rules and regulations while buying, selling or renting out a property.
 
1.Buy and sell:
NRIs can buy and sell the properties in India either in person or they can grant Power of Attorney (POA) to a relative, who will carry out the entire process on their behalf. NRIs can avail home loans from the banks or financial institutes of the country. The terms and condition of loans may vary from their resident country. The term of the home loan is generally 10 to 15 years and the limit of the loan is determined by the individual’s age, income, education etc.

NRIs are generally advised to use their NRE (non- resident external) accounts for the transaction. NRE account helps the NRI to take back the capital they gain from selling their property.
 
2. Future investment:
NRIs who are about to retire and are looking forward to settling in India, this is the right time for them to invest in the country’s real estate. The social infrastructure of the country has improved remarkably and the civic infrastructures are improving too. Better connectivity, improved standard of living, better schools and hospital facilitates is what the government of focusing to provide.

After the first residence is secured, the NRIs can invest in another property and gain good rental income from the same. But one must be aware of the bylaws that are associated with the renting of property. The rental income is taxable in India. Though, it is also taxable in other countries except where a treaty exists between two countries.

NRIs must avoid investing in projects by unknown developers. Many people have fallen through the scam and have suffered severe difficulties related to the property. for what it is worth, it is advised to the investors to visit the property, they want to invest in, physically rather than depending on the online reviews entirely. 
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