SINGAPORE: NRIs have an advantage in luxury property market in India post-demonetisation as real estate developers in major cities of the country have “significantly” dropped property rates, according to Singapore-based business analysts. “Given the recent demonetisation move, property rates have significantly dropped across various cities in India,” said Abhijit Ghosh, India Desk leader at PricewaterhouseCoopers...Read more
Tag Archives: nri community
Sale Of Immovable Property In India
Gopal Sharma bought 25 acres of land in Mysore in the year 1989. After two years, Gopal moved to the UK, settled there, and acquired a citizenship. Since he has no plan of coming back to India, he wants to sell this piece of land. But the question here is: does Gopal still have the...Read more
What Are The Factors Influencing An NRI’s Decision Of Buying Property In India?
NRIs have been and continue to be a driving force in keeping up demand for property in India. A large part of the demand for high end and luxury apartments and homes is fuelled by the NRI community. NRIs Typically Look For A Relatively Safe Investment Bet With Fair Chances Of Appreciation. This is because...Read more
