The benefits of investing in real estate in India for NRIs are plenty. An NRI gets an edge when it comes to real estate investing as the currency of their current place of residence, if it’s a developed nation, trades strong against the Indian Rupee. Therefore, it is profit all the way for those non-resident Indians thinking of investing in India. Pune happens to be one of the first few cities on the radar of NRIs as it is said to yield great returns on investment. So, investing in a 2 BHK flat in Pune you will be profitable for them. There are many flats for sale in Pune by some of the top builders in Pune and Mahindra Centralis in one of the top-ranked projects by Mahindra Lifespaces. Since NRI investment in India is on the rise, let’s take a look at some of the reasons that make it a profitable investment.
- Price Benefits Affordability is one of the most important reasons why investing in India is a lucrative option for NRIs. The gap in the currency value gives NRIs an edge over the Indian Rupee thus making this investment a profitable one without actually putting a dent in the pocket.
- Rent Benefits Renting of the home is a great option for NRIs as it serves as an additional source of income. The property can always be kept for long term stay during those visits to India. Although NRIs are taxed on their rental income, part of it gets compensated under section 80C of the Income Tax Act. NRIs can claim the benefit of deduction under repair and maintenance of the property.
- Retirement Benefits The benefit of a reverse mortgage is extremely beneficial for senior citizens owning a property in India. The money taken from the bank towards Reverse Mortgage is not considered a part of NRI income. Senior citizens can benefit from this as they own the property as well as get the money from the back thus making it a win-win situation for them. Many banks are taking this aspect into account and implementing it as well thus making it a beneficial proposition for NRIs.
- Long-Term Returns The real estate industry in India has witnessed a formidable growth in the past few years and is even expected to appreciate by a sizeable margin every year. NRI investment has multiplied and more of it is expected in the coming years. So, if long term investment and returns are on your mind, then buying a property in India should definitely be on your radar. Additionally, with RERA coming into effect in recent years, NRIs should expect greater transparency in real estate deals making it a beneficial move for both the developer and the investor.
From the many properties in Pune, Mahindra Centralis will be beneficial for an NRI investor. Being centrally located in Pimpri, it comes with added advantages such as ease of connectivity, great social infrastructure and the best of amenities and features within the development. The design too ensures the ultimate privacy of its residents thus making it a must-buy option for everyone. If you are an NRI looking to invest in a residential property in Pune, you should definitely explore this project that completely fits the bill of a perfect home. References: 1. Proptiger.com - Why realty is the best bet for NRIs 2. Valmark - Reasons why NRIs should invest in Indian real estate 3. NRI Legal Services - Reasons investing in Indian real estate 4. Image source: freepik.com/free-photo/close-up-person-s-hand-inserting-coin-wooden-house-piggybank_3741401.htm
