NON-RESIDENT INDIANS (NRIS) ARE A SIGNIFICANT SEGMENT OF THE REAL ESTATE MARKET IN INDIA. WHILE INVESTING IN INDIAN REAL ESTATE, ONE OF THE MOST CRITICAL DECISIONS THAT NRIS FACE IS CHOOSING BETWEEN RESIDENTIAL AND COMMERCIAL PROPERTY. BOTH RESIDENTIAL AND COMMERCIAL PROPERTIES HAVE THEIR OWN SET OF ADVANTAGES AND DISADVANTAGES. IN THIS BLOG, WE WILL TAKE A CLOSER LOOK AT THE PROS AND CONS OF INVESTING IN RESIDENTIAL AND COMMERCIAL PROPERTIES IN INDIA AND HELP YOU MAKE AN INFORMED DECISION.
RESIDENTIAL PROPERTY INVESTMENT
RESIDENTIAL PROPERTY INVESTMENT REFERS TO BUYING A PROPERTY THAT IS USED FOR PERSONAL OR RESIDENTIAL PURPOSES. THE PROPERTY CAN BE AN APARTMENT, A VILLA, OR A PLOT OF LAND. THE DEMAND FOR RESIDENTIAL PROPERTY IN INDIA HAS BEEN GROWING STEADILY OVER THE YEARS.
RESIDENTIAL PROPERTY INVESTMENT HAS SEVERAL ADVANTAGES, SUCH AS:
- STEADY RENTAL INCOME: RESIDENTIAL PROPERTIES PROVIDE A STEADY SOURCE OF RENTAL INCOME, MAKING IT AN ATTRACTIVE OPTION FOR NRIS LOOKING FOR A STABLE INCOME.
- APPRECIATION: RESIDENTIAL PROPERTIES HAVE A GOOD POTENTIAL FOR LONG-TERM APPRECIATION, ESPECIALLY IN RAPIDLY DEVELOPING CITIES.
- BETTER CONTROL: NRIS HAVE BETTER CONTROL OVER RESIDENTIAL PROPERTIES, AS THEY CAN MANAGE THE MAINTENANCE AND UPKEEP OF THE PROPERTY.