India Has Been a Popular Destination for Non-resident Indians (Nris) Looking To invest in real estate. with a booming economy, a rapidly growing population, and a stable Political Environment, India Has Become an Attractive Investment destination for Nris. However, Investing in Indian Real Estate Can Be a Daunting task for Nris Who Are Unfamiliar with the Market. This Guide Aims to Provide An overview of nri real estate investment in India.
Understand the indian real estate market
Before investing in indian real estate, it is essential to understand the market. indian Real Estate Is Diverse and Complex, and Market Conditions Can Vary significantly From one city to Another. it is important To conduct thorough research and seek the advice of professionals who have expertise in the indian real estate market.
The Indian Real Estate Market Can Be Broadly Classified into Two Categories – residential and commercial. residential properties include apartments, villas, and Plots of Land, While Commercial Properties Include Offices, Retail Spaces, and warehouses.
Know the regulations
Foreign investment in indian real estate is regulated by the reserve bank of india (Rbi) and the Foreign Exchange Management Act (Fema). Nris Are Allowed to Invest in indian real estate without any restrictions, subject to certain conditions. nris are Required to Obtain a Pan (Permanent Account Number) Card and an Nre (Non- resident External) or Nro (Non-resident Ordinary) Account to Invest in Indian real estate.
TAX IMPLICATIONS
INVESTING IN INDIAN REAL ESTATE HAS TAX IMPLICATIONS FOR NRIS. NRIS ARE SUBJECT TO CAPITAL GAINS TAX ON THE SALE OF PROPERTY IN INDIA. THE CAPITAL GAINS TAX IS CALCULATED BASED ON THE HOLDING PERIOD OF THE PROPERTY AND THE SALE PRICE. NRIS
