Banking Tips for NRIs
NRIs have always found to be keen on investing their money in the Indian real-estate market. It is always advantageous to have a house in one’s home country, as you can take abode on occasions such as wedding, anniversary, or any misfortune.
Another feeling that seems to cloud the minds of those staying abroad is that eventually they may have the hope to return back home. In such a backdrop, it is better to buy a property soon, as the real-estate prices are perennially on the rise.
Though it may seem difficult for NRIs to purchase properties in India, owing to the modern day facilities such as NRI banking in India, now any Indian living abroad can easily invest in real-estate property here. However, there are several aspects to be kept in mind before investing in real estate. Here are some points to ponder before investing in Indian property.
- The place one would like to return to:
- Which city to invest in? This has become the biggest question plaguing every NRI before investing in a property in India. Major metros such as Mumbai, Delhi, and Bangalore are turning out to be hotspots for lucrative investments. So are the suburban areas surrounding this metropolitan cities where real-estate prices are sky-rocketing. A good choice in finalizing this decision is to analyze which city has the best life for your child’s future.
- Looking for source of funds:
- Getting a loan from a financial institution is not very for the NRIs, and it is also found that these financial institutions consider NRIs as their major potential clients. They provide everything from easy home loans in simple ways to cheap premium rates. In addition, there also are several major features that these banks offer, so it all depends on the person’s choice.