As the government continues to push through reforms (in the Land Acquisition Act, the Real Estate Regulatory Bill, relaxation of FDI rules, etc.), the property continues to remain the best option for NRIs looking to invest in India.
Yogi Groups offers rewarding investment options across India. No project is executed without the help of the finest architects, designers and contractors, and the result is always splendid. Delving deeper into the intricacies of real estate, we understand the needs of our clientele and realize that city life can often become a burden. Our homes are designed to interact with nature, as Louver glass is utilized to allow sunlight through but no sunrays, and as a result, dependency on natural light is maximized.
Non-Resident Indians (NRIs) looking to establish a re-connect with their homeland, have numerous options to choose from. The Emperia believes in this unbelievable potential of Indian Real Estate. Come, join us in the emerging market- make your investment in this growing economy with Emperia
According to the Foreign Exchange Management Act (FEMA) of 1999, an Indian Citizen who stays abroad for employment/business or stays outside the country for an indefinite period of time is considered to be an NRI. (Persons Posted in U.N. organizations and official deputed abroad by Central/State Governments and Public Sector undertakings on temporary assignments are also treated as nonresidents). Non-resident foreign citizens of Indian Origin are treated on par with non- resident Indian citizen (NRIs).
A Person of Indian Origin (PIO) is whose ancestors were born in India and he/she has an Indian ancestry but not an Indian citizenship. As per the FEMA of 1999, a person of Indian origin can avail bank accounts, invest in shares and securities in India. So, he or she Has had Indian Passport at any time Himself/herself, parents or grandparents were Indian citizens (of the Constitution of India or Citizenship Act, 1955 (57 of 1955). Is a spouse of an Indian citizen or a person who held an Indian Passport at any time Is a spouse of a person who either was a citizen of India or his parents or grandparents were a citizen of India.
Owning a property in India is one of the greatest assets and is one of the most profitable investments. There are very less chances of a loss, as the real estate growth graph is escalating day by day. The constant expansion of the IT sectors, MNC and corporate firms have given way for the growth of the real-estate sector particularly in the commercial sectors. Financial support from the Indian government in regards to revised FDI policies, easy access to bank loans & growth in Indian economy has resulted in the arrival of foreign investors in the Indian real estate market. Real estate in India creates huge returns and most NRIs are making a huge profit out of it.
Yes, in the past few years, the government of India has adopted a new stand regarding the foreign direct investment (FDI) policies which has encouraged other countries to invest in Indian properties. The country has attracted three times the foreign investment in the past few years towards real estate due to rapid growth in the commercial, residential and retail sectors of India in metro cities like Hyderabad, Mumbai, Delhi, NCR, Bangalore and Chennai.