The India real estate has gradually gained global recognition. The huge investments are flowing in from all directions. The major portion of the investment is coming in through the Non resident Indians (NRI) and Foreign Direct Investment (FDI) channels. No doubt, the real estate industry is all set to become one of the largest contributors to the growing Indian economy.
According to a research by the market experts the boom in the real estate industry is going to continue for a good time, the revenues are expected to grow by more than 25% annually. The future of the Indian real estate industry is going to be quite promising and rewarding. The growth of the Indian real estate can be gauged by the fact that many reputed business houses have diversified into the realty business. They all want cash upon the opportunity and generate big money.
The Indian government has played an important role in promoting real estate and encouraging NRI investment in India. The government including Reserve Bank of India (RBI) has liberalized the rules and regulations to give a boost to the NRI investment in India. In fact, both the NRIs and the persons of Indian origin are being encouraged to invest in properties in India. Just like any other individual the NRIs are eligible to invest in both residential as well as the commercial properties in India. There is also no kind or restriction as to the maximum number of properties an NRI can buy. Although, there are some restrictions as far as purchase of an agricultural land or farm house is concerned.
With the real estate growth the government also earns a lot of revenue by way of selling the land to various builders for the purpose of development. This can be for residential, industrial or commercial project. The concerned state government also earns revenue whenever a property is sold in the region. The real estate sector is getting organized in India and certain policies are being formulated to facilitate smooth transactions and make the system more transparent. On the other hand, the government is also contributing in a big way by providing the much required infrastructure support for the real estate development all across the country. There is immense focus on investment through NRI and Foreign Direct Investment(FDI) route.
The banks and financial institutions promote the NRI investment in their own way by providing finance facility to enable them purchase properties quite conveniently. Also, there are professional consultancy firms which exclusively work for NRIs and help them to take their decisions in property investment in India.
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