INDIA: MOST BENEFICIAL INVESTMENT OPPORTUNITY FOR NRIS

High Growth Potential

High Growth Potential:

India is one of the fastest-growing economies in the world, offering lucrative investment opportunities in diverse fields, including real estate.

Strong ROI:

With rapid urbanisation and infrastructure development, the property values and rental yields in prime locations continue to rise, ensuring strong returns on investment.

Favourable Government Policies & Financial Benefits:

The Indian government has introduced several incentives for NRI investors, such as relaxed FEMA regulations, tax benefits on real estate investments!

Emotional & Cultural Connect:

Many NRIs invest in India to maintain a connection with their roots, secure a home for their family, or plan for future relocation or retirement.

High Growth Potential

Pune City: A lucrative option for investments

Known as the Oxford of the East, Pune is a beautiful city renowned for its thriving educational and IT sectors. It stands as a top choice for real estate investments, thanks to its rapidly growing infrastructure, strategic location, and lush greenery.

Key Highlights

Key Highlights

Booming IT Sector & Economy:

Home to thriving IT hubs like Hinjawadi and Kharadi, Pune is emerging as a business epicentre, driving growth across other industries such as manufacturing, automotive and beyond!

Variety of Real Estate Options:

Pune's real estate landscape is a rising with diverse investment options in residential and commercial spaces! From luxury residences to well-planned office spaces, Pune has it all!

Rapidly Growing Infrastructure:

With its seamless connectivity, state-of-the-art road systems, expanding metro network and flourishing tech hubs, Pune sets the stage for a dynamic lifestyle and a thriving business ecosystem.

FAQs

Yes, Non-Resident Indians (NRIs) can buy both residential and commercial properties in India. However, they are not allowed to purchase agricultural land, plantation properties, or farmhouses, unless they inherit or receive them as a gift. This regulation is governed by the Foreign Exchange Management Act (FEMA).

NRIs can fund their property purchases in India through two primary channels:

NRE (Non-Resident External) / NRO (Non-Resident Ordinary) Accounts: Funds can be transferred from these Indian bank accounts to make payments.

Home Loans from Indian Banks: NRIs are eligible for home loans from various Indian financial institutions, provided they meet the bank’s eligibility criteria. The repayment of these loans must be done through NRE/NRO accounts or Foreign Currency Non-Resident (FCNR) deposits.

Yes, NRIs are entitled to several tax benefits on home loans:

Under Section 80C of the Income Tax Act: NRIs can claim deductions of up to ₹1.5 lakh per year on the principal repayment of their home loan.

Under Section 24(b): NRIs can also claim deductions of up to ₹2 lakh per year on the interest paid on a home loan, provided the property is self-occupied.

Yes, NRIs can rent out their residential or commercial properties in India. However, there are tax implications:

The rental income earned by NRIs is subject to Tax Deducted at Source (TDS) at a rate of 31.2% (unless a lower deduction certificate is obtained from the Income Tax Department).

NRIs can repatriate the rental income to their country of residence after paying applicable taxes, using their NRO account.

Yes, NRIs can apply for home loans from Indian banks and financial institutions. However, the loan approval depends on several factors:

Employment Status: NRIs must typically have a stable income and be employed for at least 1-2 years in a foreign country.

Loan Repayment: The repayment of the home loan can only be done through NRE/NRO/FCNR accounts and must be in Indian Rupees (INR).

Power of Attorney (PoA): Many banks require NRIs to appoint a Power of Attorney (PoA) in India to handle documentation and loan formalities.