Real estate has been known to be one of the most popular areas for investing by NRIs. Thanks to the revised real-estate market regulations, anyone now with an Indian passport can invest in Indian real estate, making the whole process very easy. NRIs have invested $13.3 billion in the Indian real estate market in FY 21, as against the earlier estimates of $13.1 billion, according to a report by 360 Realtors. The depreciating rupee value and regulatory environment after the implementation of reforms are prompting a large number of NRIs to invest in the Indian realty market.
Investing in the realty sector can give NRIs the benefit of a high return on their investment and a lower initial capital investment. InvestoXpert offers seamless methods to guide you for your next investment in this sector, with a 360-degree approach from finding the best property to acquisition and moving in. For NRIs, Indian real estate brings a plethora of opportunities. With the move by the Indian government to regulate the real estate sector, bringing in more transparency and accountability through RERA, there has been a greater resurgence of NRI interest in the Indian realty market.
Bringing comprehensive real estate solutions, InvestoXpert has manifested itself as the pioneer of both residential and commercial real estate space. With five years of experience in ruling the realm, they have built themselves with authentic, credible, and result-driven approaches to understand consumer’s dilemmas and deliver the best property at the best rates. With a strong presence in the cities of Noida, Mumbai, Pune, Delhi, Gurugram, and Bengaluru, InvestoXpert has been revamping the realty sector with its online platform catering to millions of investors at once. They have curated a platform that fortifies NRI investments without any sudden obstacles on the journey.
Checklist for NRIs before investing in real eastate
Acknowledging the advent of the digital era, this portal is renowned to make things easier, quicker, and remote, suiting the current times for the NRIs who are interested in buying properties. In addition to having painted a very promising picture for the industry, they have given a big push to all NRI buyers. As a real-estate advisor they have laid down a few points for every NRI to go through before they invest in real estate
- Types of properties to invest in
NRIs can purchase any number of properties, both residential and commercial. Only agricultural land, farmhouse, and plantation property are out of bounds unless it has been gifted or inherited by them.
- Home Loans are a deal right now!
If you intend to buy a house with a loan, this is a good time as the interest rates on home loans are at decadal lows right now, with some banks offering credit at 6.5%. NRIs can avail of a bank loan of up to 80% of the property value, though the paperwork can be quite tedious.
- Tax treatment of the gains
NRIs are liable to pay tax on the number of capital gains arising in India. Immovable property held for more than 24 months is treated as a long-term capital asset and gets the indexation benefit with taxation at 20%. Income-Tax Act too, allows certain tax deductions under Section 80C to 80TTA, and NRIs can use this to reduce their tax burden.
- Payment rules
NRIs can transfer the money to his or her NRO account in India and pay the seller from there or can also directly transfer the amount to the account of the seller in India.
- Making transactions easy
An NRI investing in India needs to have a checklist of things which should include property verification, a list of all documents, KYC, payment plan, tax implication legalities, and other local formalities, and someone trustworthy to help facilitate the entire process so that it is smooth and efficient.
InvestoXpert has helped expat buyers watch and learn about various affordable property options without having to travel overseas for making informed decisions. Talking along the same lines and mentioning how it is a great time for NRIs to invest in this market, CEO and Founder, Mr. Vishal Raheja says, “With stock markets showing signs of fatigue, and deposit rates falling below 6-7%, NRI investors should focus on real estate. We at InvestoXpert have adopted technology as our medium of servicing. With vetted industry experts, we yield unbiased advice and solutions to our clients focusing that our assets are delivered at a reasonable rate”.
Established as the one-stop-destination for fulfilling all client needs, InvestoXpert’s online platform www.investoxpert.com addresses all kinds of client queries from residential, commercial, loan, rental, leasing, and everything that comes under the real estate umbrella.
Through the portal, team InvestoXpert has been able to effectively deliver all of their services from real estate advisory, virtual consultations, virtual tours, retail advisory, to asset management services and address all client queries in time. They have organized over 2000 virtual consultations and have catered to their wide base of clients in over five cities amidst the pandemic outbreak.
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