NRI(s) - Calling Home by Larry Jone

"HUDA will reserve 10% plots in all its industrial estates for NRI's and persons for Indian Origin" - This shows how lucrative the real estate investment has become today in India. Cities like Gurgaon, Pune, Noida which are slowly becoming a hub of multinational companies are also seeing real estate prices rising as demand for commercial as well as residential sector is on the rise.

Real estate India today is witnessing a wide spectrum of changes that are expected to make India a preferred destination. Demand in commercial sectors is expected to be driven by demand for international quality infrastructure for IT, Business Processing Outsourcing companies, and Biotechnology, Insurance, Banking and Consulting businesses, Retail sector, Hospitality, Hospitals, etc.

The government has been inviting FDI's and NRI's to attract money flow into the country. Ministries concerned have made sure that rules and regulations are simplified to make money flow easier.

It's not only overseas developers who are funding and fishing for opportunities in real estate here but the NRI's in Silicon Valley and all over the world also are coming forward to invest in their homeland.

RBI has allowed NRI investment in India, use their foreign currency assets which have been earned and accumulated by them lawfully while they were residents outside India. RBI has granted general permission to certain financial institutions providing housing finance and authorized dealers to grant housing loans to non residents Indian nationals for acquisitions of a house/flat for self occupation subject to certain conditions.

Tailor made loans for NRI's willing to invest in real estate are available. In order to help potential NRI investors a trading agency has begun grading commercial and residential complexes land projects to get realty checks for the NRI investors.

The IT boom has brought back NRI's to invest in their country as the economy is climbing the ladder. Recent landmark decision to open FDI to real estate will help the industry even more.

Many leading multinationals setting up factories and corporate offices in India the price of real estate and rentals have driven up steadily. The commercial prices in cities like Mumbai, Bangalore, Delhi and the NCR region like Gurgaon and Noida and other cities have sky rocketed.

Real estate would sure be the most profitable investment. It is the right time to invest in shopping malls, upcoming residential townships, corporate and software parks.

About the Author

Larry Jone is an associated editor to the website http://www.indianground.com. Indianground is a portal to find residential and commercial real estate properties for lease and sale in India through licensed Property Dealers and real estate agents. Your feedback and comments will be highly appreciated at "larryjone@gmail.com".