Tuesday, January 17, 2017

Why 2017 is Likely to Be a Good Year for NRI Property Buyers

Non-resident Indians from all over the world have been fascinated with Indian real estate market. However, they are bothered by the lack of transparency and ways in which business dealings are conducted in India; especially when information is withheld deliberately from the buyers, and there is a lack of scientific process of due diligence. With several key policy changes in 2016 such as demonetization, Real Estate Regulation Act (RERA), the Goods and Services Tax (GST), and the Benami Transaction Act, the debate now is if the NRIs will be interested in investing in the nation.

Here’s why NRI property buyers should invest in Indian real estate in 2017:

Firstly, there are many ready possession properties built at prime locations such as Bangalore, NCR region, Chennai, etc. There are many luxury villas in Bangalore and 2 to 4 BHK apartments in NCR that are ready to be sold. Secondly, India is expected to keep its place among the fastest-growing economies in the world, with the real estate sector steering the wheel. Furthermore, policies like Goods & Services Tax, Real Estate Regulatory Act, Real Estate Investment Trusts, Benami Act, and demonetization are expected to bring about transparency in the sector. Lastly, the amended rules and regulations will ease up the purchasing process. Relaxation of laws by the Reserve Bank of India for NRI buyers is also a major benefit.

Naushad Panjwani, the managing partner at Mandarus Partners LLP, believes that the Indian realty has major credibility issues largely due to the absence of effective regulator, which is present in other sectors (TRAI, IRDAI, SEBI, etc.). He also believes that some other reasons that hold back NRIs to invest in India could be the shortage of funds for projects, the delay in the disposal of court cases, the lack of title insurance and nexus among politicians, developers, and bureaucrats. Panjwani says, “All of these factors kept good business houses away from the realty sector, and the industry as a whole was characterized by many unscrupulous elements. However, things have started to change slowly. The Real Estate Regulatory Act (RERA) and easing of inflow of funds in the form of Real Estate Investment Trusts, External Commercial Borrowings, and Foreign Direct Investment, have attracted the attention of reputed business houses and customers alike.”

The Chairman Emeritus of Sobha Ltd, Mr. PNC Menon believes that Indian realty sector has reached a stage where it offers NRIs a range of options to invest in, from affordable to mid-range to luxury properties. Menon said, "With greater transparency, tighter regulations, more affordability and enhanced price stability, Non Resident Indians will find interesting property investment opportunities, as long as they have a long-term view and are discerning about which realty project to invest in. India is a huge market with over 1.2 billion people and an emerging economy on a global front,”

Rustomjee Group’s brand custodian and chief customer delight officer, Mr. Kaizad Hateria has expressed his opinion that moves like demonetization will bring about transparency in the real estate sector and minimize unaccounted cash dealings. He said, “Greater transparency, will improve the element of trust in the Indian property market and this will make Non Resident Indians more confident about investing in properties in India.”

The marketing director of Sheth Creators, Hiral Sheth mentioned that realty sector has come a long way by becoming the second largest employer in India. Number of rules and regulations have been amended to ease the process of home buying as well as commercial property. Sheth said, “Factors like Foreign Direct Investment in the realty sector, relaxation of laws by the Reserve Bank of India (RBI) regarding property buying by Non Resident Indians and lenient policies via-à-vis the Foreign Exchange Management Act (FEMA), have accelerated real estate investments. Also, the availability of affordable properties, attracts a large number of urban Non Resident Indian buyers from across the globe.”

Industry experts believe that 2017 will be a good year for NRI buyers to invest in properties. New policies that will boost transparency and rules that will simplify the property purchasing process are the main reasons for attracting NRI buyers.

This is a guest post by Dinesh Dawde

70 comments:

  1. Great information in this blog. Thanks for sharing this kind of post. Keep sharing this type of Information. nri property investment in pune

    ReplyDelete
  2. Well information. I think demonetization has no effect in real estate sector

    ReplyDelete
  3. Gwadar Gem is a leading Real Estates Agency in Gwadar & we are offering Real Estates Prices in Gwadar as we are best Real Estates Advisors in Gwadar.

    ReplyDelete
  4. Nice information shared. 2 Bhk flats available in Signature Global The Roselia is very affordable in prices and at prime location

    ReplyDelete
  5. I’ve been following your blog for quite some time now, and I love your content and the lessons you share with your readers.
    Flats in Mumbai

    ReplyDelete
  6. Its really good to find information your blog. It has been of a great help to me. Thanks for sharing.
    Regards
    Apratim Group Flats near Mumbai

    ReplyDelete
  7. Thanxs for sharing with all of us the Incredible post on ur blog . Its really illusive.
    Flats in Mumbai & Thane

    ReplyDelete
  8. You have announced a nice information related to real estate .I have information regarding Ajmera kalyan

    ReplyDelete
  9. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: urgentloan22@gmail.com

    ReplyDelete
  10. Thank you for sharing such a nice and interesting blog with us. Hope it might be much useful for us. Keep on updating...!!

    ReplyDelete
  11. invest in residential and commercial property in Sonepat. visit - jindalrealty.com or call - 8010055333 Tollfree

    ReplyDelete
  12. Have property in Burnaby, BC wanna sale Visit Masonoskoei and contact our seller they will sell your home for the highest possible price and in the shortest period of time.

    ReplyDelete
  13. This comment has been removed by the author.

    ReplyDelete
  14. very interesting , good job and thanks for sharing such a good blog.

    ReplyDelete
  15. Nice information shared.Keep sharing this type of Information. Karia developers offers 1BHK Flats in Wagholi Pune at prime location.
    1BHK Flats in Wagholi Pune
    http://betterwagholi.com/1bhk-flats-in-wagholi/

    ReplyDelete
  16. Are you in need of a loan? Do you want to pay off your bills? Do you want to be financially stable? All you have to do is to contact us for more information on how to get started and get the loan you desire. This offer is open to all that will be able to repay back in due time. Note-that repayment time frame is negotiable and at interest rate of 3% just email us creditloan11@gmail.com

    ReplyDelete
  17. Insightful information shared here. One can also get the admission in top 10 colleges of architecture only at SMMCA Nagpur. Thanks for sharing.

    ReplyDelete

  18. That was a great pleasure to read various posts here, as well as a fantastic opportunity to get a new knowledge.
    Budget flats Chennai

    ReplyDelete
  19. Non Resident Indians (NRIs) to consider investing in the country. And the boom times aren't limited to just the metros. The concept of ultra-modern private integrated townships and world class infrastructure has taken wing in a big way in practically all cities and satellite townships in the country, thereby making investments in a property in India most lucrative.

    ReplyDelete
  20. Are you looking for best real estate agent and property agent in pune- Sai Properties Pune is one of the best real estate agent in pune, property dealer in Pune, Property Consultant in Pune and property agent in chakan, pune. VIEW MORE :- Property Dealer in Pune

    ReplyDelete
  21. Are you in need of a loan? Do you want to pay off your bills? Do you want to be financially stable? All you have to do is to contact us for more information on how to get started and get the loan you desire. This offer is open to all that will be able to repay back in due time. Note-that repayment time frame is negotiable and at interest rate of 3% just email us creditloan11@gmail.com

    ReplyDelete
  22. Great article with excellent idea! I appreciate your post. Thanks so much and let keep on sharing your stuffs.
    Ready to Occupy flats



    ReplyDelete
  23. Perfect info for readers about NRI property.I have info as Godrej park bhandup

    ReplyDelete

  24. Great article with excellent idea! I appreciate your post. Thanks so much and let keep on sharing your stuffs.
    Luxury flats in Chennai

    ReplyDelete
  25. This was a great post thanks for sharing it! Keep updating and share new informative posts!

    ReplyDelete
  26. India’s Top Notch Property Search Portal - Find real estate properties with complete map, near localities and much more. Buy/Sell/Rent or find agents quickly.
    Visit: Hindustan Property

    ReplyDelete
  27. Thank you for sharing it. This blog is actually able to appreciate.
    Residential Property in Jaipur

    ReplyDelete
  28. Thanks sir for sharing this information about real estate.
    we also provide Property in Lucknow with Bank Loan Facility

    ReplyDelete
  29. I'm very impressed with your post thanks for sharing to us , we also provide. Property in Lucknow with instalment facility

    ReplyDelete
  30. Hey great stuff, thank you for sharing this useful information and i will let know my friends as well.
    Ready to Occupy flats



    ReplyDelete
  31. This comment has been removed by the author.

    ReplyDelete
  32. I sent your articles links to all my contacts and they all adore it including me.
    financial freedom workshop

    ReplyDelete
  33. Great article with excellent idea! I appreciate your post. Thanks so much and let keep on sharing your stuffs.
    Plots for sale in OMR

    ReplyDelete
  34. Thanks for a nice share you have given to us with such an large collection of information. Great work you have done by sharing them to all. simply superb. 2Ready to Occupy flats

    ReplyDelete

  35. Thanks for a nice share you have given to us with such an large collection of information. Great work you have done by sharing them to all. simply superb. Luxury flats in Chennai

    ReplyDelete
  36. The content on your web site never confuses me. Keep it up!!
    Perla Condos Mississauga

    ReplyDelete
  37. This comment has been removed by the author.

    ReplyDelete
  38. invest Fairwealth Housing For luxury life long Experience http://www.fairwealthhousing.com/

    ReplyDelete
  39. luxury homes by Fairwealth Hosuing Delhi NCR

    ReplyDelete
  40. Pretty good article,Thanks for sharing the information
    http://www.eauctionindia.in/

    ReplyDelete
  41. Yes 2017 would be a great year for NRI's looking for properties. I have been receiving lots of NRI inquiries for luxury projects in pune

    ReplyDelete
  42. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:{urgentloan22@gmail.com} Thank you.

    ReplyDelete
  43. 3 bhk floor available for sale in greenfield colony faridabad. VIEW MORE :- 3 bhk floor available for sale

    ReplyDelete
  44. It's a great article which is shared over here. Thank you for sharing it.
    Real Estate Builder in Jaipur

    ReplyDelete
  45. Thanks for sharing this set of instructions. Really informative.
    Flats in Mumbai & Thane

    ReplyDelete
  46. Thanks very much for offering excellent information here.... Thanks very much and keep publishing..... I'm looking forward to your new blog.
    Ready to occupy flats in Chennai
    2 bhk flats in Chennai
    Budget flats in Chennai
    2 bhk flats in Chennai
    Budget flats in Chennai


    ReplyDelete
  47. Very impressive blog! Hats off to the author. Blog is full of quality content and helped me a lot in finding answers to my queries.
    Builders in Chennai

    ReplyDelete
  48. Flat for Sale in Bestech Ananda Sector 81 Gurgaon Bestech Park View Ananda is an exquisite group housing project which connotes ultimate comfort and luxury.
    VIEW MORE :- Flat for Sale in Gurgaon

    ReplyDelete
  49. Such a great Post!! Thanks for Sharing. Are you looking to buy flats / apartments in Delhi / NCR within your budget, Low Budget Flats, 2,3,4 BHK Affordable Apartments, buy property online, buy plots, resale flats, Top builders & developers, residential property for sale, new housing projects
    all Prime location visit at
    VIEW MORE:-
    property dealer in Prem Mandir Vrindavan
    2bhk appartment in ganesh city vrindavan
    3bhk residential flat in krishna sharanam vrindavan
    2bhk flat for sale in paras pride vrindavan
    1bhk floor in koshda mandakini

    2bhk flat for sale in paras pride vrindavan
    2bhk appartment in krishna sharanam vrindavan



    ReplyDelete
  50. This comment has been removed by the author.

    ReplyDelete
  51. I came across through your blog. I found the valuable information about the real estate. Thanks for sharing.
    3 bhk flats for sale in t nagar

    ReplyDelete
  52. http://nirrtigo.blogspot.in/2017/01/why-2017-is-likely-to-be-good-year-for-NRI-Property-Buyers.html

    ReplyDelete
  53. Straight2voicemail is a technology, which unlike other products, allows you to automatically leave a voice message in your customer’s voicemail inbox, this gives the appearance that you tried to call them personally.

    ReplyDelete
  54. Excellent! I admire all the helpful data you've shared in your blog about Real Estate. I was searching for the matter you shared through a blog. It is quite interesting and obviously very informative for me. I'm looking forward for more helpful information from you. :)
    Flats for sale in Vadapalani
    Premium apartments in Chennai
    Apartments in Chennai
    Budget Flats in Chennai
    New flats for sale in Chennai
    Properties in Chennai

    ReplyDelete
  55. Mahira Group is going to launch a new property in Sector 63A Gurgaon, by the name of Mahira Homes 63A Gurgaon, that project is launching under the Pradhan Mantri Awas Yojana, which has also connected with affordable housing policy 2013.

    Mahira Home 63A Benefits
    No Maintenance Charges for 5 Years
    Up to 90% Loan Available (All Banks)
    Subsidy under Pradhan Mantri Awas Yojana
    Zero IDC and EDC
    Licensed & approved by Director Town and Country Planning Haryana
    100% Possession within 4 Years

    ReplyDelete
  56. The blog is awesome. Getting a RERA approved plots cities like chennai is not easy. Beaching facing Ecr Sea View Apartments
    for sale in Chennai. Ecr Apartments For Sale Breath the fresh air and start your day perfectly with a walk in the seashore.

    ReplyDelete