Real estate investment in India is a Fairy-tale . When whole world had negative vibes spewing across the minds of the investors, Indian real estate got all the accolades for keeping the investors faith intact. Thanks to the Govt and the ever growing economy, real estate still remains to be the favorite investment option in India. We all know that real estate provides the highest returns, the greatest values and the least risk.
Investment options are plenty, hence choosing the correct one became tough. Here online portals and real estate consultants becomes your advisors. Apartments starting from 8 lakhs in Pune have certainly made every NRI to think about investing. These days affordable segment became more competitive than any other segment as NRIs has started to invest in bulk units.
Schemes of 5:95 and quick documentation for loans bought many more young investors into fray. No wonder that recent survey held by a private organisation showed that more than 75% of NRIs are looking to invest in real estate in India. It shows the potential of Indian real estate market. Any real estate investment is said to test temperament as ability to hold becomes more important to reap maximum benefits in terms of higher capital gain and tax benefits.
Most of the NRIs find the renting their homes painful as finding tenants, collecting rent, maintenance, tax payments withers thrones in the way of rental income. But thanks to many startups, all the tasks become hassle free. Nestaway, a startup firm managing renting of apartments says that 70% of their stocks belong to NRIs. They also states that there are properties under them which has fetched 25% rental return.
Dreams of NRIs to have another source of income with ease opened wings after a long time thanks to startups.
