Is this the right time for an NRI to buy a property in Mumbai India?

Is this the right time for an NRI to buy a property in Mumbai India?




Buying a house in India is the perfect decision for an NRI at such times, when the world is looking to getting back to its roots to be with their loved ones and families back home.

Rightly said by a great man once -"Right time to buy a property is always five years ago"

Buying a Home is always been a viable decision in terms of returns owing to the ever-rising property prices. Once you have decided to buy a property, the second point should be choosing the right place. It should always be in the ever-growing and viable cities like Mumbai, Navi Mumbai, Pune.

A few benefits for an NRI - Non-Resident Investors as mentioned below :

Growth 
Growth is always linked to the Real Estate and economic growth of a Country. Mumbai being the financial capital of India owes its growth to the rising Real Estate prices and infrastructure projects coming up. The Navi Mumbai International Airport, The Mumbai Trans Habour link, The Metro, The Mumbai Delhi Industrial Corridor. 

Return on Investment 
Return on investment in Real Estate is always better than the bank interest rates anywhere in the world. A good rental income is what the buyer is always looking for. The rent is transferred on line into the Indian bank account or the account of the country residing in.

Tax exemption
They can claim exemption on their home loans and interest on loans by investing in Real Estate.

Coming back home to India
At such a time of worldwide pandemic like COVID 2019, they have a home to come back to India and be with their loved ones and feel safe.

NRI investment is allowed in Mutual Funds, real estate, and many other industries. They have to follow some rules and regulations set by the Foreign Exchange Management Act (FEMA).

The NRI is allowed to buy any Residential or Commercial property in India.

To sum up "I always believe that buying a home is a great investment because you can't live in a stock certificate. You can't live in a mutual fund"

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