Owing to the plenty of developments in India, particularly in Mumbai, the inventors are spoilt for choices when it comes to investment opportunities. However, can NRI buy property in India? That’s a question most people don’t know the answer to.
A large chunk of the country’s economy is run by foreign investment. NRIs are more inclined towards investing in real estate due to the higher ROI. Even though there are liquidity concerns, real estate is lucrative and happens to be a long-term investment. If returns are not instant, they shall be of high-value, when they do.
The present real estate situation in India has allowed NRIs to focus on residential properties for sale in Mumbai as many new projects have sprung up. Suffice it to say, NRIs can find numerous opportunities in India for securing their investments that promise lucrative returns in the long run.